Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Tue, Dec 03, 2019 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $199.38 $179.47
Change => -0.91 -0.01
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 86,692 head of cattle.
SUPPLY (Live) 44,696 Hd
Equivalent: $180.62 $158.63
DEMAND (Box) 41,996 Hd*
Equivalent: $218.15 $200.31
Live-Box Spread: ($37.53) ($41.68)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $230.15
Weight Price Head : Se 600-900# $212.31
Live Steer: 1448 $118.55 17,608: Current Lds: 150.0
Live Heifer: 1315 $118.48 11,175: Previous Lds: 83.1
Drsd Steer: 963 $186.84 11,440
Drsd Heifer: 850 $186.88 4,473
-----------------------------------------------------------------------------
Grading % Breakdown : Drop Credit : 9.08
Ch 600-900# : 84.36%: Steer Dressing % : 63.17%
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%:
-----------------------------------------------------------------------------
Equivalent Values for Outlying Beef Carcass Types
Basis Value = 199.38 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 15.39 $184.06 $197.13 $214.77 $210.43 $197.44
Certified 1-3 5.31 $173.98 $187.05 $204.69 $200.35 $187.36
Choice 1 3.79 $172.46 $185.53 $203.17 $198.83 $185.84
Select 1 -17.67 $151.00 $164.07 $181.71 $177.37 $164.38
Stndrd 1-3 -31.91 $136.76 $149.83 $167.47 $163.13 $150.14
Prime 4 2.76 $171.43 $184.50 $202.14 $197.80 $184.81
Choice 4 -11.21 $157.46 $170.53 $188.17 $183.83 $170.84
-----------------------------------------------------------------------------
*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