Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Oct 28, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $244.04             $230.70

 Change =>                       1.19                1.57

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

Current Index Reflects the Equivalent of 132,657 head of cattle.

SUPPLY (Live)  62,775 Hd

Equivalent:                   $248.53             $234.30

DEMAND (Box)   69,882 Hd*

Equivalent:                   $239.56             $227.10

Live-Box Spread:               $8.97               $7.20

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $251.56

                  Weight   Price     Head      : Se 600-900#          $239.10

  Live Steer:          1443   $168.63    23,420: Current Lds:           137.0

  Live Heifer:         1291   $169.24    17,374: Previous Lds:          106.5

  Drsd Steer:           939   $264.78    14,497

  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 %:      63.51%

 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 = 244.04                       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   $231.86   $245.53   $259.36   $255.02   $235.69

 Certified 1-3         5.00   $221.54   $235.21   $249.04   $244.70   $225.37

 Choice 1              3.25   $219.79   $233.46   $247.29   $242.95   $223.62

 Select 1            -10.50   $206.04   $219.71   $233.54   $229.20   $209.87

 Stndrd 1-3          -25.28   $191.26   $204.93   $218.76   $214.42   $195.09

 Prime 4               3.33   $219.87   $233.54   $247.37   $243.03   $223.70

 Choice 4            -10.77   $205.77   $219.44   $233.27   $228.93   $209.60

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

*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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