Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Thu, Jul 11, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $187.52             $164.29
 Change =>                      -0.03                0.24
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Current Index Reflects the Equivalent of 106,787 head of cattle.
SUPPLY (Live)  54,357 Hd
Equivalent:                   $173.26             $149.80
DEMAND (Box)   52,430 Hd*
Equivalent:                   $201.77             $178.79
Live-Box Spread:             ($28.51)            ($28.99)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $213.77
                  Weight   Price     Head      : Se 600-900#          $190.79
  Live Steer:          1392   $111.90    29,538: Current Lds:           147.7
  Live Heifer:         1256   $111.64    12,790: Previous Lds:          181.8
  Drsd Steer:           873   $180.08     8,711
  Drsd Heifer:          793   $180.12     3,318
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      Grading % Breakdown            :         Drop Credit      :        8.55
 Ch 600-900# :                 81.37%:         Steer Dressing % :      63.26%
 Ch 600-750# :                 32.98%:         Heifer Dressing %:      63.24%
 Ch 750-900# :                 48.39%:         Processing Cost  :       12.00
 Se 600-900# :                 18.63%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.39%:
 Se 750-900# :                 12.25%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 187.52                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -31.43    -17.97               -4.50    -17.67
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 Prime 1-3            15.33   $171.42   $184.88   $202.85   $198.35   $185.18
 Certified 1-3         5.39   $161.48   $174.94   $192.91   $188.41   $175.24
 Choice 1              3.86   $159.95   $173.41   $191.38   $186.88   $173.71
 Select 1            -19.06   $137.03   $150.49   $168.46   $163.96   $150.79
 Stndrd 1-3          -31.37   $124.72   $138.18   $156.15   $151.65   $138.48
 Prime 4               2.62   $158.71   $172.17   $190.14   $185.64   $172.47
 Choice 4            -11.21   $144.88   $158.34   $176.31   $171.81   $158.64
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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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