Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Jan 02, 2015     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $239.58             $229.96

 Change =>                       1.18                2.10

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

Current Index Reflects the Equivalent of 160,282 head of cattle.

SUPPLY (Live)  115,139 Hd

Equivalent:                   $243.34             $232.59

DEMAND (Box)   45,143 Hd*

Equivalent:                   $235.83             $227.32

Live-Box Spread:               $7.51               $5.27

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $247.83

                  Weight   Price     Head      : Se 600-900#          $239.32

  Live Steer:          1443   $164.43    47,559: Current Lds:           105.1

  Live Heifer:         1300   $164.49    25,497: Previous Lds:          162.9

  Drsd Steer:           924   $260.69    28,405

  Drsd Heifer:          840   $262.12    13,678

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

      Grading % Breakdown            :         Drop Credit      :       15.49

 Ch 600-900# :                 77.40%:         Steer Dressing % :      63.37%

 Ch 600-750# :                 25.03%:         Heifer Dressing %:      63.37%

 Ch 750-900# :                 52.37%:         Processing Cost  :       12.00

 Se 600-900# :                 22.60%:         Slaughter Cost   :       50.50

 Se 600-750# :                  4.93%:

 Se 750-900# :                 17.67%:

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 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 239.58                       Carcass Weights

                             400-500#500-600#  600-900#  900-1000#  1000#/up

 Qlty/Yield      (1)           -27.50    -13.83               -4.09    -23.67

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

 Prime 1-3            14.05   $226.13   $239.80   $253.63   $249.54   $229.96

 Certified 1-3         4.66   $216.74   $230.41   $244.24   $240.15   $220.57

 Choice 1              3.25   $215.33   $229.00   $242.83   $238.74   $219.16

 Select 1             -7.00   $205.08   $218.75   $232.58   $228.49   $208.91

 Stndrd 1-3          -24.57   $187.51   $201.18   $215.01   $210.92   $191.34

 Prime 4               2.06   $214.14   $227.81   $241.64   $237.55   $217.97

 Choice 4            -10.77   $201.31   $214.98   $228.81   $224.72   $205.14

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

*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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