Advice and Tips

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Nov 06, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $242.70             $228.79

 Change =>                      -0.34               -0.42

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

Current Index Reflects the Equivalent of 88,795 head of cattle.

SUPPLY (Live)  25,042 Hd

Equivalent:                   $246.88             $232.32

DEMAND (Box)   63,753 Hd*

Equivalent:                   $238.52             $225.25

Live-Box Spread:               $8.36               $7.07

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $250.52

                  Weight   Price     Head      : Se 600-900#          $237.25

  Live Steer:          1409   $167.28     8,545: Current Lds:           183.4

  Live Heifer:         1301   $167.52     6,156: Previous Lds:          205.4

  Drsd Steer:           923   $263.22     7,454

  Drsd Heifer:          850   $263.41     2,887

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

      Grading % Breakdown            :         Drop Credit      :       16.41

 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 = 242.70                       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   $230.52   $244.19   $258.02   $253.68   $234.35

 Certified 1-3         5.00   $220.20   $233.87   $247.70   $243.36   $224.03

 Choice 1              3.25   $218.45   $232.12   $245.95   $241.61   $222.28

 Select 1            -10.83   $204.37   $218.04   $231.87   $227.53   $208.20

 Stndrd 1-3          -25.85   $189.35   $203.02   $216.85   $212.51   $193.18

 Prime 4               3.33   $218.53   $232.20   $246.03   $241.69   $222.36

 Choice 4            -10.77   $204.43   $218.10   $231.93   $227.59   $208.26

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

*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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