Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Wed, Oct 09, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $183.48 $156.86
Change => 0.54 -0.43
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Current Index Reflects the Equivalent of 125,076 head of cattle.
SUPPLY (Live) 74,139 Hd
Equivalent: $164.36 $139.59
DEMAND (Box) 50,937 Hd*
Equivalent: $202.60 $174.12
Live-Box Spread: ($38.24) ($34.53)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $214.60
Weight Price Head : Se 600-900# $186.12
Live Steer: 1444 $107.35 31,727: Current Lds: 171.0
Live Heifer: 1326 $107.93 14,760: Previous Lds: 124.9
Drsd Steer: 939 $169.75 20,742
Drsd Heifer: 835 $169.76 6,910
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Grading % Breakdown : Drop Credit : 8.92
Ch 600-900# : 81.39%: Steer Dressing % : 63.52%
Ch 600-750# : 31.88%: Heifer Dressing %: 63.44%
Ch 750-900# : 49.51%: Processing Cost : 12.00
Se 600-900# : 18.61%: Slaughter Cost : 50.50
Se 600-750# : 6.59%:
Se 750-900# : 12.02%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 183.48 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -30.71 -17.64 -4.34 -17.33
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Prime 1-3 19.33 $172.10 $185.17 $202.81 $198.47 $185.48
Certified 1-3 5.06 $157.83 $170.90 $188.54 $184.20 $171.21
Choice 1 3.86 $156.63 $169.70 $187.34 $183.00 $170.01
Select 1 -20.37 $132.40 $145.47 $163.11 $158.77 $145.78
Stndrd 1-3 -32.23 $120.54 $133.61 $151.25 $146.91 $133.92
Prime 4 6.62 $159.39 $172.46 $190.10 $185.76 $172.77
Choice 4 -11.21 $141.56 $154.63 $172.27 $167.93 $154.94
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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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