Beef Carcass Price Equivalent Index Value
USDA - Wed Oct 09, 11:22AM CDT
NW_LS410
Des Moines, IA     Wed, Oct 09, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $183.48             $156.86
 Change =>                       0.54               -0.43
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Current Index Reflects the Equivalent of 125,076 head of cattle.
SUPPLY (Live)  74,139 Hd
Equivalent:                   $164.36             $139.59
DEMAND (Box)   50,937 Hd*
Equivalent:                   $202.60             $174.12
Live-Box Spread:             ($38.24)            ($34.53)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $214.60
                  Weight   Price     Head      : Se 600-900#          $186.12
  Live Steer:          1444   $107.35    31,727: Current Lds:           171.0
  Live Heifer:         1326   $107.93    14,760: Previous Lds:          124.9
  Drsd Steer:           939   $169.75    20,742
  Drsd Heifer:          835   $169.76     6,910
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      Grading % Breakdown            :         Drop Credit      :        8.92
 Ch 600-900# :                 81.39%:         Steer Dressing % :      63.52%
 Ch 600-750# :                 31.88%:         Heifer Dressing %:      63.44%
 Ch 750-900# :                 49.51%:         Processing Cost  :       12.00
 Se 600-900# :                 18.61%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.59%:
 Se 750-900# :                 12.02%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 183.48                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -17.64               -4.34    -17.33
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 Prime 1-3            19.33   $172.10   $185.17   $202.81   $198.47   $185.48
 Certified 1-3         5.06   $157.83   $170.90   $188.54   $184.20   $171.21
 Choice 1              3.86   $156.63   $169.70   $187.34   $183.00   $170.01
 Select 1            -20.37   $132.40   $145.47   $163.11   $158.77   $145.78
 Stndrd 1-3          -32.23   $120.54   $133.61   $151.25   $146.91   $133.92
 Prime 4               6.62   $159.39   $172.46   $190.10   $185.76   $172.77
 Choice 4            -11.21   $141.56   $154.63   $172.27   $167.93   $154.94
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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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