Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Oct 31, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $243.59             $230.19

 Change =>                      -1.26               -0.58

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

Current Index Reflects the Equivalent of 89,015 head of cattle.

SUPPLY (Live)  33,870 Hd

Equivalent:                   $247.98             $233.75

DEMAND (Box)   55,145 Hd*

Equivalent:                   $239.20             $226.63

Live-Box Spread:               $8.78               $7.12

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $251.20

                  Weight   Price     Head      : Se 600-900#          $238.63

  Live Steer:          1458   $168.55    11,247: Current Lds:           150.3

  Live Heifer:         1295   $169.71     6,649: Previous Lds:          153.0

  Drsd Steer:           944   $265.04    10,512

  Drsd Heifer:          843   $264.84     5,462

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

      Grading % Breakdown            :         Drop Credit      :       16.39

 Ch 600-900# :                 75.17%:         Steer Dressing % :      63.76%

 Ch 600-750# :                 26.03%:         Heifer Dressing %:      63.78%

 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 = 243.59                       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   $231.41   $245.08   $258.91   $254.57   $235.24

 Certified 1-3         5.00   $221.09   $234.76   $248.59   $244.25   $224.92

 Choice 1              3.25   $219.34   $233.01   $246.84   $242.50   $223.17

 Select 1            -10.50   $205.59   $219.26   $233.09   $228.75   $209.42

 Stndrd 1-3          -25.28   $190.81   $204.48   $218.31   $213.97   $194.64

 Prime 4               3.33   $219.42   $233.09   $246.92   $242.58   $223.25

 Choice 4            -10.77   $205.32   $218.99   $232.82   $228.48   $209.15

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

*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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