Beef Carcass Price Equivalent Index Value
USDA - Thu May 16, 11:20AM CDT
NW_LS410
Des Moines, IA     Thu, May 16, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $194.39             $181.10
 Change =>                      -1.29               -1.36
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Current Index Reflects the Equivalent of 63,483 head of cattle.
SUPPLY (Live)  17,397 Hd
Equivalent:                   $181.22             $166.32
DEMAND (Box)   46,086 Hd*
Equivalent:                   $207.56             $195.88
Live-Box Spread:             ($26.34)            ($29.56)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $219.56
                  Weight   Price     Head      : Se 600-900#          $207.88
  Live Steer:          1359   $118.08     6,378: Current Lds:           144.9
  Live Heifer:         1181   $117.45     2,061: Previous Lds:          143.3
  Drsd Steer:           872   $187.51     6,876
  Drsd Heifer:          780   $188.10     2,082
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      Grading % Breakdown            :         Drop Credit      :        8.31
 Ch 600-900# :                 82.69%:         Steer Dressing % :      63.34%
 Ch 600-750# :                 34.69%:         Heifer Dressing %:      63.34%
 Ch 750-900# :                 47.99%:         Processing Cost  :       12.00
 Se 600-900# :                 17.31%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.75%:
 Se 750-900# :                 11.57%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 194.39                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -17.64               -4.50    -18.00
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 Prime 1-3            13.80   $177.48   $190.55   $208.19   $203.69   $190.19
 Certified 1-3         5.28   $168.96   $182.03   $199.67   $195.17   $181.67
 Choice 1              3.86   $167.54   $180.61   $198.25   $193.75   $180.25
 Select 1            -10.45   $153.23   $166.30   $183.94   $179.44   $165.94
 Stndrd 1-3          -29.43   $134.25   $147.32   $164.96   $160.46   $146.96
 Prime 4               1.09   $164.77   $177.84   $195.48   $190.98   $177.48
 Choice 4            -11.21   $152.47   $165.54   $183.18   $178.68   $165.18
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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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