Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Fri, Jan 11, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $192.73 $185.11
Change => -0.96 -0.96
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Current Index Reflects the Equivalent of 105,465 head of cattle.
SUPPLY (Live) 55,321 Hd
Equivalent: $184.99 $175.95
DEMAND (Box) 50,144 Hd*
Equivalent: $200.46 $194.27
Live-Box Spread: ($15.47) ($18.32)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $212.46
Weight Price Head : Se 600-900# $206.27
Live Steer: 1483 $121.91 20,026: Current Lds: 107.4
Live Heifer: 1345 $121.98 6,761: Previous Lds: 124.6
Drsd Steer: 926 $194.64 18,942
Drsd Heifer: 839 $194.69 9,592
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Grading % Breakdown : Drop Credit : 9.01
Ch 600-900# : 85.57%: Steer Dressing % : 63.37%
Ch 600-750# : 34.93%: Heifer Dressing %: 63.46%
Ch 750-900# : 50.64%: Processing Cost : 12.00
Se 600-900# : 14.43%: Slaughter Cost : 50.50
Se 600-750# : 4.09%:
Se 750-900# : 10.34%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 192.73 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -30.71 -15.97 -4.50 -23.67
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Prime 1-3 12.67 $174.69 $189.43 $205.40 $200.90 $181.73
Certified 1-3 5.28 $167.30 $182.04 $198.01 $193.51 $174.34
Choice 1 3.86 $165.88 $180.62 $196.59 $192.09 $172.92
Select 1 -4.56 $157.46 $172.20 $188.17 $183.67 $164.50
Stndrd 1-3 -27.43 $134.59 $149.33 $165.30 $160.80 $141.63
Prime 4 -0.76 $161.26 $176.00 $191.97 $187.47 $168.30
Choice 4 -11.93 $150.09 $164.83 $180.80 $176.30 $157.13
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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 Service, Des Moines, IA
Bryant Smith 515-284-4460 Desm.LPGMN@ams.usda.gov
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