Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Thu, Nov 21, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $200.08 $177.13
Change => -1.24 -0.02
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Current Index Reflects the Equivalent of 131,456 head of cattle.
SUPPLY (Live) 89,845 Hd
Equivalent: $177.30 $152.40
DEMAND (Box) 41,611 Hd*
Equivalent: $222.86 $201.86
Live-Box Spread: ($45.56) ($49.46)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $234.86
Weight Price Head : Se 600-900# $213.86
Live Steer: 1466 $115.73 38,962: Current Lds: 127.3
Live Heifer: 1327 $115.87 20,617: Previous Lds: 123.2
Drsd Steer: 964 $182.64 20,656
Drsd Heifer: 862 $182.83 9,610
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Grading % Breakdown : Drop Credit : 8.99
Ch 600-900# : 83.48%: Steer Dressing % : 63.04%
Ch 600-750# : 34.24%: Heifer Dressing %: 63.02%
Ch 750-900# : 49.25%: Processing Cost : 12.00
Se 600-900# : 16.52%: Slaughter Cost : 50.50
Se 600-750# : 4.89%:
Se 750-900# : 11.63%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 200.08 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 16.66 $186.03 $199.10 $216.74 $212.40 $199.41
Certified 1-3 5.43 $174.80 $187.87 $205.51 $201.17 $188.18
Choice 1 3.79 $173.16 $186.23 $203.87 $199.53 $186.54
Select 1 -20.59 $148.78 $161.85 $179.49 $175.15 $162.16
Stndrd 1-3 -33.44 $135.93 $149.00 $166.64 $162.30 $149.31
Prime 4 4.02 $173.39 $186.46 $204.10 $199.76 $186.77
Choice 4 -11.21 $158.16 $171.23 $188.87 $184.53 $171.54
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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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