Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Wed, Aug 14, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $196.58 $171.28
Change => 2.46 2.13
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Current Index Reflects the Equivalent of 103,972 head of cattle.
SUPPLY (Live) 51,176 Hd
Equivalent: $172.81 $148.65
DEMAND (Box) 52,796 Hd*
Equivalent: $220.34 $193.92
Live-Box Spread: ($47.53) ($45.27)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $232.34
Weight Price Head : Se 600-900# $205.92
Live Steer: 1405 $112.49 24,802: Current Lds: 162.0
Live Heifer: 1257 $111.53 8,342: Previous Lds: 173.5
Drsd Steer: 907 $180.25 13,119
Drsd Heifer: 804 $180.16 4,913
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Grading % Breakdown : Drop Credit : 9.24
Ch 600-900# : 81.89%: Steer Dressing % : 63.38%
Ch 600-750# : 32.78%: Heifer Dressing %: 63.36%
Ch 750-900# : 49.11%: Processing Cost : 12.00
Se 600-900# : 18.11%: Slaughter Cost : 50.50
Se 600-750# : 6.24%:
Se 750-900# : 11.87%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 196.58 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 17.07 $182.22 $195.68 $213.65 $209.15 $195.98
Certified 1-3 5.06 $170.21 $183.67 $201.64 $197.14 $183.97
Choice 1 3.86 $169.01 $182.47 $200.44 $195.94 $182.77
Select 1 -19.76 $145.39 $158.85 $176.82 $172.32 $159.15
Stndrd 1-3 -31.63 $133.52 $146.98 $164.95 $160.45 $147.28
Prime 4 4.36 $169.51 $182.97 $200.94 $196.44 $183.27
Choice 4 -11.21 $153.94 $167.40 $185.37 $180.87 $167.70
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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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