Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Oct 30, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $244.85             $230.77

 Change =>                      -0.17               -0.21

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

Current Index Reflects the Equivalent of 126,898 head of cattle.

SUPPLY (Live)  65,459 Hd

Equivalent:                   $248.36             $234.13

DEMAND (Box)   61,439 Hd*

Equivalent:                   $241.35             $227.41

Live-Box Spread:               $7.01               $6.72

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $253.35

                  Weight   Price     Head      : Se 600-900#          $239.41

  Live Steer:          1448   $168.57    25,444: Current Lds:           153.0

  Live Heifer:         1290   $169.35    17,169: Previous Lds:          188.4

  Drsd Steer:           938   $264.73    15,113

  Drsd Heifer:          842   $264.76     7,733

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

      Grading % Breakdown            :         Drop Credit      :       16.41

 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 = 244.85                       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   $232.67   $246.34   $260.17   $255.83   $236.50

 Certified 1-3         5.00   $222.35   $236.02   $249.85   $245.51   $226.18

 Choice 1              3.25   $220.60   $234.27   $248.10   $243.76   $224.43

 Select 1            -10.50   $206.85   $220.52   $234.35   $230.01   $210.68

 Stndrd 1-3          -25.28   $192.07   $205.74   $219.57   $215.23   $195.90

 Prime 4               3.33   $220.68   $234.35   $248.18   $243.84   $224.51

 Choice 4            -10.77   $206.58   $220.25   $234.08   $229.74   $210.41

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

*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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