Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Oct 24, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $241.64             $227.96

 Change =>                       2.56                3.15

-----------------------------------------------------------------------------

Current Index Reflects the Equivalent of 106,747 head of cattle.

SUPPLY (Live)  36,312 Hd

Equivalent:                   $247.86             $235.21

DEMAND (Box)   70,435 Hd*

Equivalent:                   $235.41             $220.71

Live-Box Spread:              $12.45              $14.50

----------------------------  Input Breakdown   -----------------------------

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $247.41

                  Weight   Price     Head      : Se 600-900#          $232.71

  Live Steer:          1433   $168.01    16,911: Current Lds:           234.2

  Live Heifer:         1285   $168.86    11,168: Previous Lds:          220.7

  Drsd Steer:           918   $263.51     5,207

  Drsd Heifer:          842   $263.80     3,026

-----------------------------------------------------------------------------

      Grading % Breakdown            :         Drop Credit      :       16.34

 Ch 600-900# :                 75.39%:         Steer Dressing % :      63.35%

 Ch 600-750# :                 26.81%:         Heifer Dressing %:      63.32%

 Ch 750-900# :                 48.58%:         Processing Cost  :       12.00

 Se 600-900# :                 24.61%:         Slaughter Cost   :       50.50

 Se 600-750# :                  6.39%:

 Se 750-900# :                 18.22%:

-----------------------------------------------------------------------------

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 241.64                       Carcass Weights

                             400-500#500-600#  600-900#  900-1000#  1000#/up

 Qlty/Yield      (1)           -27.50    -13.83               -4.34    -23.67

-----------------------------------------------------------------------------

 Prime 1-3            15.39   $229.53   $243.20   $257.03   $252.69   $233.36

 Certified 1-3         5.00   $219.14   $232.81   $246.64   $242.30   $222.97

 Choice 1              3.25   $217.39   $231.06   $244.89   $240.55   $221.22

 Select 1             -8.92   $205.22   $218.89   $232.72   $228.38   $209.05

 Stndrd 1-3          -24.35   $189.79   $203.46   $217.29   $212.95   $193.62

 Prime 4               3.40   $217.54   $231.21   $245.04   $240.70   $221.37

 Choice 4            -10.77   $203.37   $217.04   $230.87   $226.53   $207.20

-----------------------------------------------------------------------------

*Reflects total boxed beef load count from past 5 days

multiplied by 75, the average head per boxed beef load.

(1) differentials based upon current premiums and discounts.

Note: Index reflects simple average of live and box equivalents.



Source: USDA Market News Service, Des Moines, IA

        Bryant Smith  515-284-4460  Desm.LPGMN@ams.usda.gov

        24 Hour recorded market information 515-284-4830

        www.ams.usda.gov/mnreports/NW_LS410.txt

        www.ams.usda.gov/LPSMarketNewsPage

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