Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Wed, May 15, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $195.68 $182.46
Change => -0.83 -1.02
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Current Index Reflects the Equivalent of 100,432 head of cattle.
SUPPLY (Live) 51,609 Hd
Equivalent: $183.78 $168.88
DEMAND (Box) 48,823 Hd*
Equivalent: $207.57 $196.04
Live-Box Spread: ($23.79) ($27.16)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $219.57
Weight Price Head : Se 600-900# $208.04
Live Steer: 1372 $119.78 18,610: Current Lds: 143.3
Live Heifer: 1231 $119.80 10,965: Previous Lds: 126.1
Drsd Steer: 865 $189.84 17,891
Drsd Heifer: 777 $189.68 4,143
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Grading % Breakdown : Drop Credit : 8.31
Ch 600-900# : 82.69%: Steer Dressing % : 63.31%
Ch 600-750# : 34.69%: Heifer Dressing %: 63.23%
Ch 750-900# : 47.99%: Processing Cost : 12.00
Se 600-900# : 17.31%: Slaughter Cost : 50.50
Se 600-750# : 5.75%:
Se 750-900# : 11.57%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 195.68 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 13.80 $178.77 $191.84 $209.48 $204.98 $191.48
Certified 1-3 5.28 $170.25 $183.32 $200.96 $196.46 $182.96
Choice 1 3.86 $168.83 $181.90 $199.54 $195.04 $181.54
Select 1 -10.45 $154.52 $167.59 $185.23 $180.73 $167.23
Stndrd 1-3 -29.43 $135.54 $148.61 $166.25 $161.75 $148.25
Prime 4 1.09 $166.06 $179.13 $196.77 $192.27 $178.77
Choice 4 -11.21 $153.76 $166.83 $184.47 $179.97 $166.47
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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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