Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Thu, Aug 09, 2018     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $182.11             $174.04
 Change =>                       0.20               -0.35
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Current Index Reflects the Equivalent of 179,793 head of cattle.
SUPPLY (Live)  132,231 Hd
Equivalent:                   $170.15             $161.98
DEMAND (Box)   47,562 Hd*
Equivalent:                   $194.06             $186.09
Live-Box Spread:             ($23.91)            ($24.11)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $206.06
                  Weight   Price     Head      : Se 600-900#          $198.09
  Live Steer:          1417   $113.01    68,182: Current Lds:           139.7
  Live Heifer:         1275   $113.11    28,454: Previous Lds:          155.8
  Drsd Steer:           912   $178.21    26,588
  Drsd Heifer:          820   $178.27     9,007
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      Grading % Breakdown            :         Drop Credit      :        9.25
 Ch 600-900# :                 82.90%:         Steer Dressing % :      63.32%
 Ch 600-750# :                 33.55%:         Heifer Dressing %:      63.24%
 Ch 750-900# :                 49.35%:         Processing Cost  :       12.00
 Se 600-900# :                 17.10%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.91%:
 Se 750-900# :                 11.20%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 182.11                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -14.97               -4.50    -23.67
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 Prime 1-3            14.20   $165.60   $181.34   $196.31   $191.81   $172.64
 Certified 1-3         5.06   $156.46   $172.20   $187.17   $182.67   $163.50
 Choice 1              3.86   $155.26   $171.00   $185.97   $181.47   $162.30
 Select 1             -3.69   $147.71   $163.45   $178.42   $173.92   $154.75
 Stndrd 1-3          -26.21   $125.19   $140.93   $155.90   $151.40   $132.23
 Prime 4               1.63   $153.03   $168.77   $183.74   $179.24   $160.07
 Choice 4            -11.07   $140.33   $156.07   $171.04   $166.54   $147.37
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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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