Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Tue, Sep 10, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $185.19             $161.72
 Change =>                      -1.07               -0.75
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Current Index Reflects the Equivalent of 118,601 head of cattle.
SUPPLY (Live)  69,078 Hd
Equivalent:                   $157.01             $134.45
DEMAND (Box)   49,523 Hd*
Equivalent:                   $213.38             $188.98
Live-Box Spread:             ($56.37)            ($54.53)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $225.38
                  Weight   Price     Head      : Se 600-900#          $200.98
  Live Steer:          1439   $101.43    20,673: Current Lds:           120.9
  Live Heifer:         1294   $100.63    11,475: Previous Lds:          123.2
  Drsd Steer:           919   $165.72    26,895
  Drsd Heifer:          820   $165.78    10,035
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      Grading % Breakdown            :         Drop Credit      :        9.17
 Ch 600-900# :                 81.03%:         Steer Dressing % :      63.69%
 Ch 600-750# :                 32.17%:         Heifer Dressing %:      63.58%
 Ch 750-900# :                 48.86%:         Processing Cost  :       12.00
 Se 600-900# :                 18.97%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.21%:
 Se 750-900# :                 12.76%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 185.19                       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            18.40   $172.16   $185.62   $203.59   $199.09   $185.92
 Certified 1-3         5.50   $159.26   $172.72   $190.69   $186.19   $173.02
 Choice 1              3.86   $157.62   $171.08   $189.05   $184.55   $171.38
 Select 1            -18.14   $135.62   $149.08   $167.05   $162.55   $149.38
 Stndrd 1-3          -30.97   $122.79   $136.25   $154.22   $149.72   $136.55
 Prime 4               5.69   $159.45   $172.91   $190.88   $186.38   $173.21
 Choice 4            -11.21   $142.55   $156.01   $173.98   $169.48   $156.31
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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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