Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Mon, Aug 19, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $194.91 $170.60
Change => -1.88 -1.39
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Current Index Reflects the Equivalent of 86,472 head of cattle.
SUPPLY (Live) 43,429 Hd
Equivalent: $162.69 $138.69
DEMAND (Box) 43,043 Hd*
Equivalent: $227.13 $202.52
Live-Box Spread: ($64.44) ($63.83)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $239.13
Weight Price Head : Se 600-900# $214.52
Live Steer: 1405 $106.50 18,278: Current Lds: 59.7
Live Heifer: 1259 $105.75 13,991: Previous Lds: 100.2
Drsd Steer: 892 $171.29 7,536
Drsd Heifer: 794 $170.80 3,624
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Grading % Breakdown : Drop Credit : 9.30
Ch 600-900# : 82.44%: Steer Dressing % : 63.51%
Ch 600-750# : 33.41%: Heifer Dressing %: 63.42%
Ch 750-900# : 49.03%: Processing Cost : 12.00
Se 600-900# : 17.56%: Slaughter Cost : 50.50
Se 600-750# : 5.70%:
Se 750-900# : 11.86%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 194.91 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 17.33 $180.81 $194.27 $212.24 $207.74 $194.57
Certified 1-3 5.17 $168.65 $182.11 $200.08 $195.58 $182.41
Choice 1 3.86 $167.34 $180.80 $198.77 $194.27 $181.10
Select 1 -19.60 $143.88 $157.34 $175.31 $170.81 $157.64
Stndrd 1-3 -31.50 $131.98 $145.44 $163.41 $158.91 $145.74
Prime 4 4.62 $168.10 $181.56 $199.53 $195.03 $181.86
Choice 4 -11.21 $152.27 $165.73 $183.70 $179.20 $166.03
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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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