Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Thu, Oct 10, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $184.04 $157.17
Change => 0.56 0.31
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Current Index Reflects the Equivalent of 120,096 head of cattle.
SUPPLY (Live) 73,573 Hd
Equivalent: $164.45 $139.68
DEMAND (Box) 46,523 Hd*
Equivalent: $203.63 $174.66
Live-Box Spread: ($39.18) ($34.98)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $215.63
Weight Price Head : Se 600-900# $186.66
Live Steer: 1446 $107.44 31,193: Current Lds: 105.0
Live Heifer: 1327 $107.97 14,869: Previous Lds: 171.0
Drsd Steer: 939 $169.78 20,601
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 = 184.04 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 $172.66 $185.73 $203.37 $199.03 $186.04
Certified 1-3 5.06 $158.39 $171.46 $189.10 $184.76 $171.77
Choice 1 3.86 $157.19 $170.26 $187.90 $183.56 $170.57
Select 1 -20.37 $132.96 $146.03 $163.67 $159.33 $146.34
Stndrd 1-3 -32.23 $121.10 $134.17 $151.81 $147.47 $134.48
Prime 4 6.62 $159.95 $173.02 $190.66 $186.32 $173.33
Choice 4 -11.21 $142.12 $155.19 $172.83 $168.49 $155.50
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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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