Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Fri, Nov 08, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $200.84 $175.38
Change => 0.69 0.39
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 128,037 head of cattle.
SUPPLY (Live) 85,606 Hd
Equivalent: $174.56 $149.51
DEMAND (Box) 42,431 Hd*
Equivalent: $227.12 $201.26
Live-Box Spread: ($52.56) ($51.75)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $239.12
Weight Price Head : Se 600-900# $213.26
Live Steer: 1501 $113.93 34,912: Current Lds: 120.8
Live Heifer: 1357 $114.36 17,718: Previous Lds: 117.0
Drsd Steer: 961 $180.67 24,045
Drsd Heifer: 849 $180.06 8,931
-----------------------------------------------------------------------------
Grading % Breakdown : Drop Credit : 8.97
Ch 600-900# : 82.74%: Steer Dressing % : 63.29%
Ch 600-750# : 33.74%: Heifer Dressing %: 63.30%
Ch 750-900# : 49.00%: Processing Cost : 12.00
Se 600-900# : 17.26%: Slaughter Cost : 50.50
Se 600-750# : 5.75%:
Se 750-900# : 11.51%:
-----------------------------------------------------------------------------
Equivalent Values for Outlying Beef Carcass Types
Basis Value = 200.84 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -30.71 -17.64 -4.34 -17.33
-----------------------------------------------------------------------------
Prime 1-3 17.46 $187.59 $200.66 $218.30 $213.96 $200.97
Certified 1-3 5.43 $175.56 $188.63 $206.27 $201.93 $188.94
Choice 1 3.79 $173.92 $186.99 $204.63 $200.29 $187.30
Select 1 -20.75 $149.38 $162.45 $180.09 $175.75 $162.76
Stndrd 1-3 -33.24 $136.89 $149.96 $167.60 $163.26 $150.27
Prime 4 4.82 $174.95 $188.02 $205.66 $201.32 $188.33
Choice 4 -11.21 $158.92 $171.99 $189.63 $185.29 $172.30
-----------------------------------------------------------------------------
*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
??????? 24 Hour recorded market information 515-284-4830
??????? www.ams.usda.gov/mnreports/NW_LS410.txt
??????? www.ams.usda.gov/LPSMarketNewsPage