Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Mon, Dec 02, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $200.29 $179.48
Change => 0.48 2.51
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Current Index Reflects the Equivalent of 93,325 head of cattle.
SUPPLY (Live) 52,821 Hd
Equivalent: $179.96 $157.98
DEMAND (Box) 40,504 Hd*
Equivalent: $220.61 $200.98
Live-Box Spread: ($40.65) ($43.00)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $232.61
Weight Price Head : Se 600-900# $212.98
Live Steer: 1466 $117.88 23,542: Current Lds: 83.1
Live Heifer: 1319 $118.06 12,891: Previous Lds: 64.8
Drsd Steer: 964 $186.69 11,667
Drsd Heifer: 849 $186.59 4,721
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Grading % Breakdown : Drop Credit : 9.08
Ch 600-900# : 84.36%: Steer Dressing % : 63.14%
Ch 600-750# : 34.47%: Heifer Dressing %: 63.10%
Ch 750-900# : 49.89%: Processing Cost : 12.00
Se 600-900# : 15.64%: Slaughter Cost : 50.50
Se 600-750# : 3.93%:
Se 750-900# : 11.71%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 200.29 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 15.39 $184.97 $198.04 $215.68 $211.34 $198.35
Certified 1-3 5.31 $174.89 $187.96 $205.60 $201.26 $188.27
Choice 1 3.79 $173.37 $186.44 $204.08 $199.74 $186.75
Select 1 -17.67 $151.91 $164.98 $182.62 $178.28 $165.29
Stndrd 1-3 -31.91 $137.67 $150.74 $168.38 $164.04 $151.05
Prime 4 2.76 $172.34 $185.41 $203.05 $198.71 $185.72
Choice 4 -11.21 $158.37 $171.44 $189.08 $184.74 $171.75
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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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