Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Nov 03, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $242.84             $229.90

 Change =>                      -0.75               -0.29

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

Current Index Reflects the Equivalent of 84,166 head of cattle.

SUPPLY (Live)  27,656 Hd

Equivalent:                   $246.96             $232.40

DEMAND (Box)   56,510 Hd*

Equivalent:                   $238.73             $227.40

Live-Box Spread:               $8.23               $5.00

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $250.73

                  Weight   Price     Head      : Se 600-900#          $239.40

  Live Steer:          1424   $167.36    10,626: Current Lds:           124.7

  Live Heifer:         1300   $167.61     6,164: Previous Lds:          150.3

  Drsd Steer:           921   $263.26     7,868

  Drsd Heifer:          854   $263.55     2,998

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

      Grading % Breakdown            :         Drop Credit      :       16.39

 Ch 600-900# :                 75.27%:         Steer Dressing % :      63.45%

 Ch 600-750# :                 26.07%:         Heifer Dressing %:      63.25%

 Ch 750-900# :                 49.20%:         Processing Cost  :       12.00

 Se 600-900# :                 24.73%:         Slaughter Cost   :       50.50

 Se 600-750# :                  6.17%:

 Se 750-900# :                 18.55%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 242.84                       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   $230.66   $244.33   $258.16   $253.82   $234.49

 Certified 1-3         5.00   $220.34   $234.01   $247.84   $243.50   $224.17

 Choice 1              3.25   $218.59   $232.26   $246.09   $241.75   $222.42

 Select 1            -10.83   $204.51   $218.18   $232.01   $227.67   $208.34

 Stndrd 1-3          -25.85   $189.49   $203.16   $216.99   $212.65   $193.32

 Prime 4               3.33   $218.67   $232.34   $246.17   $241.83   $222.50

 Choice 4            -10.77   $204.57   $218.24   $232.07   $227.73   $208.40

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

*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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