Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Mon, Apr 15, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $205.56 $195.04
Change => 1.64 0.54
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Current Index Reflects the Equivalent of 99,009 head of cattle.
SUPPLY (Live) 55,447 Hd
Equivalent: $192.14 $180.86
DEMAND (Box) 43,562 Hd*
Equivalent: $218.98 $209.22
Live-Box Spread: ($26.84) ($28.36)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $230.98
Weight Price Head : Se 600-900# $221.22
Live Steer: 1410 $126.27 25,298: Current Lds: 92.9
Live Heifer: 1279 $125.45 15,117: Previous Lds: 120.5
Drsd Steer: 901 $204.89 9,933
Drsd Heifer: 814 $204.86 5,099
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Grading % Breakdown : Drop Credit : 9.18
Ch 600-900# : 85.80%: Steer Dressing % : 63.28%
Ch 600-750# : 35.56%: Heifer Dressing %: 63.17%
Ch 750-900# : 50.24%: Processing Cost : 12.00
Se 600-900# : 14.20%: Slaughter Cost : 50.50
Se 600-750# : 4.25%:
Se 750-900# : 9.95%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 205.56 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -30.71 -17.64 -4.50 -18.00
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Prime 1-3 13.87 $188.72 $201.79 $219.43 $214.93 $201.43
Certified 1-3 5.28 $180.13 $193.20 $210.84 $206.34 $192.84
Choice 1 3.86 $178.71 $191.78 $209.42 $204.92 $191.42
Select 1 -6.81 $168.04 $181.11 $198.75 $194.25 $180.75
Stndrd 1-3 -29.03 $145.82 $158.89 $176.53 $172.03 $158.53
Prime 4 1.16 $176.01 $189.08 $206.72 $202.22 $188.72
Choice 4 -11.21 $163.64 $176.71 $194.35 $189.85 $176.35
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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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