Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Oct 29, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $245.02             $230.98

 Change =>                       0.98                0.28

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

Current Index Reflects the Equivalent of 131,319 head of cattle.

SUPPLY (Live)  64,802 Hd

Equivalent:                   $248.41             $234.18

DEMAND (Box)   66,517 Hd*

Equivalent:                   $241.63             $227.77

Live-Box Spread:               $6.78               $6.41

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $253.63

                  Weight   Price     Head      : Se 600-900#          $239.77

  Live Steer:          1447   $168.57    25,329: Current Lds:           188.4

  Live Heifer:         1291   $169.31    17,223: Previous Lds:          137.0

  Drsd Steer:           939   $264.78    14,537

  Drsd Heifer:          842   $264.78     7,713

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

      Grading % Breakdown            :         Drop Credit      :       16.38

 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 = 245.02                       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   $232.84   $246.51   $260.34   $256.00   $236.67

 Certified 1-3         5.00   $222.52   $236.19   $250.02   $245.68   $226.35

 Choice 1              3.25   $220.77   $234.44   $248.27   $243.93   $224.60

 Select 1            -10.50   $207.02   $220.69   $234.52   $230.18   $210.85

 Stndrd 1-3          -25.28   $192.24   $205.91   $219.74   $215.40   $196.07

 Prime 4               3.33   $220.85   $234.52   $248.35   $244.01   $224.68

 Choice 4            -10.77   $206.75   $220.42   $234.25   $229.91   $210.58

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

*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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