Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Fri, Mar 15, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $204.39 $194.94
Change => -0.49 -0.84
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Current Index Reflects the Equivalent of 109,081 head of cattle.
SUPPLY (Live) 70,201 Hd
Equivalent: $193.80 $184.54
DEMAND (Box) 38,880 Hd*
Equivalent: $214.99 $205.34
Live-Box Spread: ($21.19) ($20.80)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $226.99
Weight Price Head : Se 600-900# $217.34
Live Steer: 1421 $127.19 32,138: Current Lds: 102.8
Live Heifer: 1298 $126.96 20,753: Previous Lds: 118.2
Drsd Steer: 914 $204.35 12,602
Drsd Heifer: 827 $204.49 4,708
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Grading % Breakdown : Drop Credit : 9.06
Ch 600-900# : 85.81%: Steer Dressing % : 63.10%
Ch 600-750# : 36.02%: Heifer Dressing %: 63.03%
Ch 750-900# : 49.79%: Processing Cost : 12.00
Se 600-900# : 14.19%: Slaughter Cost : 50.50
Se 600-750# : 3.61%:
Se 750-900# : 10.58%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 204.39 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 12.87 $186.55 $201.29 $217.26 $212.76 $193.59
Certified 1-3 5.28 $178.96 $193.70 $209.67 $205.17 $186.00
Choice 1 3.86 $177.54 $192.28 $208.25 $203.75 $184.58
Select 1 -4.78 $168.90 $183.64 $199.61 $195.11 $175.94
Stndrd 1-3 -27.29 $146.39 $161.13 $177.10 $172.60 $153.43
Prime 4 -0.56 $173.12 $187.86 $203.83 $199.33 $180.16
Choice 4 -11.93 $161.75 $176.49 $192.46 $187.96 $168.79
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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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