Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Fri, Apr 19, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $208.60 $196.38
Change => 1.46 1.68
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Current Index Reflects the Equivalent of 176,317 head of cattle.
SUPPLY (Live) 129,449 Hd
Equivalent: $195.54 $184.27
DEMAND (Box) 46,868 Hd*
Equivalent: $221.65 $208.49
Live-Box Spread: ($26.11) ($24.22)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $233.65
Weight Price Head : Se 600-900# $220.49
Live Steer: 1419 $128.34 53,882: Current Lds: 79.1
Live Heifer: 1283 $127.64 27,344: Previous Lds: 113.6
Drsd Steer: 894 $207.01 35,654
Drsd Heifer: 817 $206.82 12,569
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Grading % Breakdown : Drop Credit : 8.99
Ch 600-900# : 85.80%: Steer Dressing % : 63.44%
Ch 600-750# : 35.56%: Heifer Dressing %: 63.36%
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 = 208.60 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 $191.76 $204.83 $222.47 $217.97 $204.47
Certified 1-3 5.28 $183.17 $196.24 $213.88 $209.38 $195.88
Choice 1 3.86 $181.75 $194.82 $212.46 $207.96 $194.46
Select 1 -6.81 $171.08 $184.15 $201.79 $197.29 $183.79
Stndrd 1-3 -29.03 $148.86 $161.93 $179.57 $175.07 $161.57
Prime 4 1.16 $179.05 $192.12 $209.76 $205.26 $191.76
Choice 4 -11.21 $166.68 $179.75 $197.39 $192.89 $179.39
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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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