Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, Aug 16, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $196.79             $171.99
 Change =>                      -0.02               -0.02
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Current Index Reflects the Equivalent of 106,098 head of cattle.
SUPPLY (Live)  56,201 Hd
Equivalent:                   $166.89             $142.72
DEMAND (Box)   49,897 Hd*
Equivalent:                   $226.69             $201.26
Live-Box Spread:             ($59.80)            ($58.54)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $238.69
                  Weight   Price     Head      : Se 600-900#          $213.26
  Live Steer:          1397   $109.26    26,587: Current Lds:           100.2
  Live Heifer:         1253   $107.74    16,947: Previous Lds:           78.5
  Drsd Steer:           890   $174.38     8,713
  Drsd Heifer:          789   $173.39     3,954
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      Grading % Breakdown            :         Drop Credit      :        9.30
 Ch 600-900# :                 81.89%:         Steer Dressing % :      63.30%
 Ch 600-750# :                 32.78%:         Heifer Dressing %:      63.28%
 Ch 750-900# :                 49.11%:         Processing Cost  :       12.00
 Se 600-900# :                 18.11%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.24%:
 Se 750-900# :                 11.87%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 196.79                       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            17.07   $182.43   $195.89   $213.86   $209.36   $196.19
 Certified 1-3         5.06   $170.42   $183.88   $201.85   $197.35   $184.18
 Choice 1              3.86   $169.22   $182.68   $200.65   $196.15   $182.98
 Select 1            -19.76   $145.60   $159.06   $177.03   $172.53   $159.36
 Stndrd 1-3          -31.63   $133.73   $147.19   $165.16   $160.66   $147.49
 Prime 4               4.36   $169.72   $183.18   $201.15   $196.65   $183.48
 Choice 4            -11.21   $154.15   $167.61   $185.58   $181.08   $167.91
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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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