Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Mon, Nov 24, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $247.68             $234.38

 Change =>                       1.99                1.45

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

Current Index Reflects the Equivalent of 106,553 head of cattle.

SUPPLY (Live)  52,215 Hd

Equivalent:                   $251.65             $238.50

DEMAND (Box)   54,338 Hd*

Equivalent:                   $243.70             $230.25

Live-Box Spread:               $7.95               $8.25

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $255.70

                  Weight   Price     Head      : Se 600-900#          $242.25

  Live Steer:          1464   $171.06    20,094: Current Lds:           123.2

  Live Heifer:         1310   $171.78    14,397: Previous Lds:          121.7

  Drsd Steer:           939   $267.36    10,614

  Drsd Heifer:          840   $267.54     7,110

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

      Grading % Breakdown            :         Drop Credit      :       16.33

 Ch 600-900# :                 75.97%:         Steer Dressing % :      63.47%

 Ch 600-750# :                 25.62%:         Heifer Dressing %:      63.41%

 Ch 750-900# :                 50.34%:         Processing Cost  :       12.00

 Se 600-900# :                 24.03%:         Slaughter Cost   :       50.50

 Se 600-750# :                  3.87%:

 Se 750-900# :                 20.17%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 247.68                       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            14.79   $234.97   $248.64   $262.47   $258.13   $238.80

 Certified 1-3         5.22   $225.40   $239.07   $252.90   $248.56   $229.23

 Choice 1              3.25   $223.43   $237.10   $250.93   $246.59   $227.26

 Select 1             -9.42   $210.76   $224.43   $238.26   $233.92   $214.59

 Stndrd 1-3          -25.42   $194.76   $208.43   $222.26   $217.92   $198.59

 Prime 4               2.80   $222.98   $236.65   $250.48   $246.14   $226.81

 Choice 4            -10.77   $209.41   $223.08   $236.91   $232.57   $213.24

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

*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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