Markets

Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Wed, Dec 10, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $241.55             $228.23

 Change =>                      -0.26                0.16

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

Current Index Reflects the Equivalent of 108,355 head of cattle.

SUPPLY (Live)  44,234 Hd

Equivalent:                   $245.15             $232.09

DEMAND (Box)   64,121 Hd*

Equivalent:                   $237.95             $224.37

Live-Box Spread:               $7.20               $7.72

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $249.95

                  Weight   Price     Head      : Se 600-900#          $236.37

  Live Steer:          1444   $166.80    13,164: Current Lds:           220.7

  Live Heifer:         1290   $166.87     8,747: Previous Lds:          151.4

  Drsd Steer:           938   $263.72    12,064

  Drsd Heifer:         1110   $263.74    10,259

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

      Grading % Breakdown            :         Drop Credit      :       16.20

 Ch 600-900# :                 76.90%:         Steer Dressing % :      63.68%

 Ch 600-750# :                 24.00%:         Heifer Dressing %:      63.68%

 Ch 750-900# :                 52.90%:         Processing Cost  :       12.00

 Se 600-900# :                 23.10%:         Slaughter Cost   :       50.50

 Se 600-750# :                  4.17%:

 Se 750-900# :                 18.94%:

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

 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 241.55                       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            14.45   $228.50   $242.17   $256.00   $251.66   $232.33

 Certified 1-3         5.22   $219.27   $232.94   $246.77   $242.43   $223.10

 Choice 1              3.25   $217.30   $230.97   $244.80   $240.46   $221.13

 Select 1             -9.33   $204.72   $218.39   $232.22   $227.88   $208.55

 Stndrd 1-3          -25.64   $188.41   $202.08   $215.91   $211.57   $192.24

 Prime 4               2.46   $216.51   $230.18   $244.01   $239.67   $220.34

 Choice 4            -10.77   $203.28   $216.95   $230.78   $226.44   $207.11

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

*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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