Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Thu, Jul 11, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $187.52 $164.29
Change => -0.03 0.24
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Current Index Reflects the Equivalent of 106,787 head of cattle.
SUPPLY (Live) 54,357 Hd
Equivalent: $173.26 $149.80
DEMAND (Box) 52,430 Hd*
Equivalent: $201.77 $178.79
Live-Box Spread: ($28.51) ($28.99)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $213.77
Weight Price Head : Se 600-900# $190.79
Live Steer: 1392 $111.90 29,538: Current Lds: 147.7
Live Heifer: 1256 $111.64 12,790: Previous Lds: 181.8
Drsd Steer: 873 $180.08 8,711
Drsd Heifer: 793 $180.12 3,318
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Grading % Breakdown : Drop Credit : 8.55
Ch 600-900# : 81.37%: Steer Dressing % : 63.26%
Ch 600-750# : 32.98%: Heifer Dressing %: 63.24%
Ch 750-900# : 48.39%: Processing Cost : 12.00
Se 600-900# : 18.63%: Slaughter Cost : 50.50
Se 600-750# : 6.39%:
Se 750-900# : 12.25%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 187.52 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -31.43 -17.97 -4.50 -17.67
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Prime 1-3 15.33 $171.42 $184.88 $202.85 $198.35 $185.18
Certified 1-3 5.39 $161.48 $174.94 $192.91 $188.41 $175.24
Choice 1 3.86 $159.95 $173.41 $191.38 $186.88 $173.71
Select 1 -19.06 $137.03 $150.49 $168.46 $163.96 $150.79
Stndrd 1-3 -31.37 $124.72 $138.18 $156.15 $151.65 $138.48
Prime 4 2.62 $158.71 $172.17 $190.14 $185.64 $172.47
Choice 4 -11.21 $144.88 $158.34 $176.31 $171.81 $158.64
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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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