Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Tue, Oct 22, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $188.61 $164.20
Change => 0.32 1.74
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Current Index Reflects the Equivalent of 102,528 head of cattle.
SUPPLY (Live) 58,429 Hd
Equivalent: $168.29 $142.32
DEMAND (Box) 44,099 Hd*
Equivalent: $208.93 $186.08
Live-Box Spread: ($40.64) ($43.76)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $220.93
Weight Price Head : Se 600-900# $198.08
Live Steer: 1471 $109.78 22,431: Current Lds: 104.7
Live Heifer: 1304 $109.78 11,649: Previous Lds: 86.2
Drsd Steer: 943 $174.31 19,166
Drsd Heifer: 850 $174.22 5,183
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Grading % Breakdown : Drop Credit : 8.98
Ch 600-900# : 81.85%: Steer Dressing % : 63.51%
Ch 600-750# : 32.24%: Heifer Dressing %: 63.47%
Ch 750-900# : 49.61%: Processing Cost : 12.00
Se 600-900# : 18.15%: Slaughter Cost : 50.50
Se 600-750# : 6.63%:
Se 750-900# : 11.52%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 188.61 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 19.26 $177.16 $190.23 $207.87 $203.53 $190.54
Certified 1-3 5.32 $163.22 $176.29 $193.93 $189.59 $176.60
Choice 1 3.79 $161.69 $174.76 $192.40 $188.06 $175.07
Select 1 -21.67 $136.23 $149.30 $166.94 $162.60 $149.61
Stndrd 1-3 -32.84 $125.06 $138.13 $155.77 $151.43 $138.44
Prime 4 6.62 $164.52 $177.59 $195.23 $190.89 $177.90
Choice 4 -11.21 $146.69 $159.76 $177.40 $173.06 $160.07
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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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