Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Tue, Nov 04, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $242.53             $229.43

 Change =>                      -0.31               -0.47

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

Current Index Reflects the Equivalent of 88,068 head of cattle.

SUPPLY (Live)  27,869 Hd

Equivalent:                   $246.92             $232.37

DEMAND (Box)   60,199 Hd*

Equivalent:                   $238.14             $226.49

Live-Box Spread:               $8.78               $5.88

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $250.14

                  Weight   Price     Head      : Se 600-900#          $238.49

  Live Steer:          1422   $167.38    10,776: Current Lds:           186.2

  Live Heifer:         1300   $167.58     6,187: Previous Lds:          124.7

  Drsd Steer:           921   $263.26     7,908

  Drsd Heifer:          854   $263.55     2,998

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

      Grading % Breakdown            :         Drop Credit      :       16.42

 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 = 242.53                       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   $230.35   $244.02   $257.85   $253.51   $234.18

 Certified 1-3         5.00   $220.03   $233.70   $247.53   $243.19   $223.86

 Choice 1              3.25   $218.28   $231.95   $245.78   $241.44   $222.11

 Select 1            -10.83   $204.20   $217.87   $231.70   $227.36   $208.03

 Stndrd 1-3          -25.85   $189.18   $202.85   $216.68   $212.34   $193.01

 Prime 4               3.33   $218.36   $232.03   $245.86   $241.52   $222.19

 Choice 4            -10.77   $204.26   $217.93   $231.76   $227.42   $208.09

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

*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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