Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Thu, Dec 04, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $247.02             $233.43

 Change =>                      -1.53               -1.29

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

Current Index Reflects the Equivalent of 88,465 head of cattle.

SUPPLY (Live)  39,163 Hd

Equivalent:                   $251.62             $238.60

DEMAND (Box)   49,302 Hd*

Equivalent:                   $242.42             $228.26

Live-Box Spread:               $9.20              $10.34

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $254.42

                  Weight   Price     Head      : Se 600-900#          $240.26

  Live Steer:          1442   $171.23    16,633: Current Lds:           160.8

  Live Heifer:         1283   $172.03     9,246: Previous Lds:          204.4

  Drsd Steer:           928   $265.88     7,931

  Drsd Heifer:          830   $265.15     5,353

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

      Grading % Breakdown            :         Drop Credit      :       16.46

 Ch 600-900# :                 76.43%:         Steer Dressing % :      63.19%

 Ch 600-750# :                 25.34%:         Heifer Dressing %:      63.17%

 Ch 750-900# :                 51.09%:         Processing Cost  :       12.00

 Se 600-900# :                 23.57%:         Slaughter Cost   :       50.50

 Se 600-750# :                  5.07%:

 Se 750-900# :                 18.50%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 247.02                       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            14.65   $234.17   $247.84   $261.67   $257.33   $238.00

 Certified 1-3         5.22   $224.74   $238.41   $252.24   $247.90   $228.57

 Choice 1              3.25   $222.77   $236.44   $250.27   $245.93   $226.60

 Select 1             -9.29   $210.23   $223.90   $237.73   $233.39   $214.06

 Stndrd 1-3          -25.57   $193.95   $207.62   $221.45   $217.11   $197.78

 Prime 4               2.66   $222.18   $235.85   $249.68   $245.34   $226.01

 Choice 4            -10.77   $208.75   $222.42   $236.25   $231.91   $212.58

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

*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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