Beef Carcass Price Equivalent

NW_LS410

Des Moines, IA     Fri, Dec 05, 2014     USDA Market News



USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE



                             CHOICE              SELECT

Index                       600-900#            600-900#

 Values =>                    $243.42             $228.99

 Change =>                      -3.60               -4.44

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

Current Index Reflects the Equivalent of 92,353 head of cattle.

SUPPLY (Live)  32,609 Hd

Equivalent:                   $246.31             $233.28

DEMAND (Box)   59,744 Hd*

Equivalent:                   $240.54             $224.69

Live-Box Spread:               $5.77               $8.59

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

         National Daily Direct Cattle          :      Boxed Beef Cutouts

        (5 day accumulated wghtd avg)          : Ch 600-900#          $252.54

                  Weight   Price     Head      : Se 600-900#          $236.69

  Live Steer:          1487   $168.65     9,668: Current Lds:           207.0

  Live Heifer:         1298   $166.95     2,467: Previous Lds:          160.8

  Drsd Steer:           937   $264.53    12,058

  Drsd Heifer:         1161   $264.12     8,416

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

      Grading % Breakdown            :         Drop Credit      :       16.26

 Ch 600-900# :                 76.43%:         Steer Dressing % :      63.73%

 Ch 600-750# :                 25.34%:         Heifer Dressing %:      63.89%

 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%:

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 Equivalent Values for Outlying Beef Carcass Types

 Basis Value = 243.42                       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   $230.57   $244.24   $258.07   $253.73   $234.40

 Certified 1-3         5.22   $221.14   $234.81   $248.64   $244.30   $224.97

 Choice 1              3.25   $219.17   $232.84   $246.67   $242.33   $223.00

 Select 1             -9.29   $206.63   $220.30   $234.13   $229.79   $210.46

 Stndrd 1-3          -25.57   $190.35   $204.02   $217.85   $213.51   $194.18

 Prime 4               2.66   $218.58   $232.25   $246.08   $241.74   $222.41

 Choice 4            -10.77   $205.15   $218.82   $232.65   $228.31   $208.98

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

*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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