Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Nov 05, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $243.04             $229.21

 Change =>                       0.51               -0.22

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

Current Index Reflects the Equivalent of 87,476 head of cattle.

SUPPLY (Live)  26,001 Hd

Equivalent:                   $246.85             $232.29

DEMAND (Box)   61,475 Hd*

Equivalent:                   $239.24             $226.12

Live-Box Spread:               $7.61               $6.17

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $251.24

                  Weight   Price     Head      : Se 600-900#          $238.12

  Live Steer:          1411   $167.35     8,903: Current Lds:           205.4

  Live Heifer:         1300   $167.55     6,195: Previous Lds:          186.2

  Drsd Steer:           921   $263.23     7,996

  Drsd Heifer:          849   $263.39     2,907

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

      Grading % Breakdown            :         Drop Credit      :       16.45

 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 = 243.04                       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   $230.86   $244.53   $258.36   $254.02   $234.69

 Certified 1-3         5.00   $220.54   $234.21   $248.04   $243.70   $224.37

 Choice 1              3.25   $218.79   $232.46   $246.29   $241.95   $222.62

 Select 1            -10.83   $204.71   $218.38   $232.21   $227.87   $208.54

 Stndrd 1-3          -25.85   $189.69   $203.36   $217.19   $212.85   $193.52

 Prime 4               3.33   $218.87   $232.54   $246.37   $242.03   $222.70

 Choice 4            -10.77   $204.77   $218.44   $232.27   $227.93   $208.60

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

*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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