Markets

Beef Carcass Price Equivalent

NW_LS410   ***Corrected Report***

Des Moines, IA     Mon, Jan 12, 2015     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $249.22             $240.10

 Change =>                       0.85                0.92

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

Current Index Reflects the Equivalent of 165,253 head of cattle.

SUPPLY (Live)  99,523 Hd

Equivalent:                   $251.66             $241.83

DEMAND (Box)   65,730 Hd*

Equivalent:                   $246.78             $238.38

Live-Box Spread:               $4.88               $3.45

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $258.78

                  Weight   Price     Head      : Se 600-900#          $250.38

  Live Steer:          1433   $169.86    41,292: Current Lds:           158.4

  Live Heifer:         1314   $170.22    25,251: Previous Lds:          162.5

  Drsd Steer:           926   $270.32    20,821

  Drsd Heifer:          837   $270.47    12,159

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

      Grading % Breakdown            :         Drop Credit      :       15.38

 Ch 600-900# :                 79.74%:         Steer Dressing % :      63.39%

 Ch 600-750# :                 26.74%:         Heifer Dressing %:      63.42%

 Ch 750-900# :                 53.00%:         Processing Cost  :       12.00

 Se 600-900# :                 20.26%:         Slaughter Cost   :       50.50

 Se 600-750# :                  3.29%:

 Se 750-900# :                 16.97%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 249.22                       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            14.32   $236.04   $249.71   $263.54   $259.20   $239.87

 Certified 1-3         4.89   $226.61   $240.28   $254.11   $249.77   $230.44

 Choice 1              3.25   $224.97   $238.64   $252.47   $248.13   $228.80

 Select 1             -6.08   $215.64   $229.31   $243.14   $238.80   $219.47

 Stndrd 1-3          -23.85   $197.87   $211.54   $225.37   $221.03   $201.70

 Prime 4               2.33   $224.05   $237.72   $251.55   $247.21   $227.88

 Choice 4            -10.77   $210.95   $224.62   $238.45   $234.11   $214.78

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

*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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