Beef Carcass Price Equivalent Index Value
USDA - Wed May 15, 11:33AM CDT
NW_LS410
Des Moines, IA     Wed, May 15, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $195.68             $182.46
 Change =>                      -0.83               -1.02
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Current Index Reflects the Equivalent of 100,432 head of cattle.
SUPPLY (Live)  51,609 Hd
Equivalent:                   $183.78             $168.88
DEMAND (Box)   48,823 Hd*
Equivalent:                   $207.57             $196.04
Live-Box Spread:             ($23.79)            ($27.16)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $219.57
                  Weight   Price     Head      : Se 600-900#          $208.04
  Live Steer:          1372   $119.78    18,610: Current Lds:           143.3
  Live Heifer:         1231   $119.80    10,965: Previous Lds:          126.1
  Drsd Steer:           865   $189.84    17,891
  Drsd Heifer:          777   $189.68     4,143
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      Grading % Breakdown            :         Drop Credit      :        8.31
 Ch 600-900# :                 82.69%:         Steer Dressing % :      63.31%
 Ch 600-750# :                 34.69%:         Heifer Dressing %:      63.23%
 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 = 195.68                       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   $178.77   $191.84   $209.48   $204.98   $191.48
 Certified 1-3         5.28   $170.25   $183.32   $200.96   $196.46   $182.96
 Choice 1              3.86   $168.83   $181.90   $199.54   $195.04   $181.54
 Select 1            -10.45   $154.52   $167.59   $185.23   $180.73   $167.23
 Stndrd 1-3          -29.43   $135.54   $148.61   $166.25   $161.75   $148.25
 Prime 4               1.09   $166.06   $179.13   $196.77   $192.27   $178.77
 Choice 4            -11.21   $153.76   $166.83   $184.47   $179.97   $166.47
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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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