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Saturday, October 11, 2008
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<![CDATA[NW_LS410
Des Moines, IA Fri, Oct 10, 2008 USDA Market News
*** Correction on Drop Credit which changed other values ***
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $137.96 $131.11
Change => -1.89 -1.88
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Current Index Reflects the Equivalent of 222,160 head of cattle.
SUPPLY (Live) 113,095 Hd
Equivalent: $138.41 $130.98
DEMAND (Box) 109,065 Hd*
Equivalent: $137.51 $131.24
Live-Box Spread: $0.90 ($0.26)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $149.51
Weight Price Head : Se 600-900# $143.24
Live Steer: 1346 $91.47 41,400: Current Lds: 230.6
Live Heifer: 1215 $91.60 27,163: Previous Lds: 332.7
Drsd Steer: 881 $141.84 27,062
Drsd Heifer: 780 $142.04 17,470
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Grading % Breakdown : Drop Credit : *** 10.93 ***
Ch 600-900# : 68.12% : Steer Dressing % : 63.51%
Ch 600-750# : 20.91% : Heifer Dressing %: 63.61%
Ch 750-900# : 47.21% : Processing Cost : 12.00
Se 600-900# : 31.88% : Slaughter Cost : 50.50
Se 600-750# : 9.71% :
Se 750-900# : 22.17% :
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 137.96 Carcass Weights
400-500# 500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -25.00 -9.37 0.00 -1.91 -19.17
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Prime 1-3 12.13 $125.09 $140.72 $150.09 $148.18 $130.92
Certified 1-3 3.92 $116.88 $132.51 $141.88 $139.97 $122.71
Choice 1 2.75 $115.71 $131.34 $140.71 $138.80 $121.54
Select 1 -4.17 $108.79 $124.42 $133.79 $131.88 $114.62
Stndrd 1-3 -15.79 $97.17 $112.80 $122.17 $120.26 $103.00
Prime 4 -2.36 $110.60 $126.23 $135.60 $133.69 $116.43
Choice 4 -13.50 $99.46 $115.09 $124.46 $122.55 $105.29
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*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, Des Moines, IA
Phone: 515-284-4460 email: desm.lgmn@usda.gov
24 Hour recorded market information 515-284-4830
www.ams.usda.gov/LSMarketNews
1545C KDC
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