Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Wed, Jul 11, 2018     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $183.12             $172.17
 Change =>                       0.08               -0.60
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Current Index Reflects the Equivalent of 190,215 head of cattle.
SUPPLY (Live)  137,141 Hd
Equivalent:                   $170.80             $159.19
DEMAND (Box)   53,074 Hd*
Equivalent:                   $195.44             $185.14
Live-Box Spread:             ($24.64)            ($25.95)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $207.44
                  Weight   Price     Head      : Se 600-900#          $197.14
  Live Steer:          1403   $112.54    64,513: Current Lds:           143.5
  Live Heifer:         1258   $112.61    26,281: Previous Lds:          144.3
  Drsd Steer:           891   $178.68    33,751
  Drsd Heifer:          811   $178.62    12,596
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      Grading % Breakdown            :         Drop Credit      :        9.46
 Ch 600-900# :                 81.93%:         Steer Dressing % :      62.95%
 Ch 600-750# :                 33.21%:         Heifer Dressing %:      62.93%
 Ch 750-900# :                 48.73%:         Processing Cost  :       12.00
 Se 600-900# :                 18.07%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.64%:
 Se 750-900# :                 12.43%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 183.12                       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            13.67   $166.08   $181.82   $196.79   $192.29   $173.12
 Certified 1-3         5.28   $157.69   $173.43   $188.40   $183.90   $164.73
 Choice 1              3.86   $156.27   $172.01   $186.98   $182.48   $163.31
 Select 1             -7.14   $145.27   $161.01   $175.98   $171.48   $152.31
 Stndrd 1-3          -26.57   $125.84   $141.58   $156.55   $152.05   $132.88
 Prime 4               1.10   $153.51   $169.25   $184.22   $179.72   $160.55
 Choice 4            -11.07   $141.34   $157.08   $172.05   $167.55   $148.38
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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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