Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Oct 27, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $242.85             $229.13

 Change =>                       1.21                1.17

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

Current Index Reflects the Equivalent of 132,772 head of cattle.

SUPPLY (Live)  62,975 Hd

Equivalent:                   $248.49             $234.27

DEMAND (Box)   69,797 Hd*

Equivalent:                   $237.20             $223.99

Live-Box Spread:              $11.29              $10.28

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $249.20

                  Weight   Price     Head      : Se 600-900#          $235.99

  Live Steer:          1442   $168.59    23,578: Current Lds:           106.5

  Live Heifer:         1291   $169.25    17,334: Previous Lds:          234.2

  Drsd Steer:           939   $264.73    14,579

  Drsd Heifer:          840   $264.71     7,484

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

      Grading % Breakdown            :         Drop Credit      :       16.32

 Ch 600-900# :                 75.17%:         Steer Dressing % :      63.57%

 Ch 600-750# :                 26.03%:         Heifer Dressing %:      63.52%

 Ch 750-900# :                 49.14%:         Processing Cost  :       12.00

 Se 600-900# :                 24.83%:         Slaughter Cost   :       50.50

 Se 600-750# :                  6.20%:

 Se 750-900# :                 18.63%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 242.85                       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            15.32   $230.67   $244.34   $258.17   $253.83   $234.50

 Certified 1-3         5.00   $220.35   $234.02   $247.85   $243.51   $224.18

 Choice 1              3.25   $218.60   $232.27   $246.10   $241.76   $222.43

 Select 1            -10.50   $204.85   $218.52   $232.35   $228.01   $208.68

 Stndrd 1-3          -25.28   $190.07   $203.74   $217.57   $213.23   $193.90

 Prime 4               3.33   $218.68   $232.35   $246.18   $241.84   $222.51

 Choice 4            -10.77   $204.58   $218.25   $232.08   $227.74   $208.41

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

*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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