Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, Nov 15, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $203.15             $177.43
 Change =>                       0.21               -0.41
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Current Index Reflects the Equivalent of 152,857 head of cattle.
SUPPLY (Live)  114,098 Hd
Equivalent:                   $177.50             $152.53
DEMAND (Box)   38,759 Hd*
Equivalent:                   $228.80             $202.33
Live-Box Spread:             ($51.30)            ($49.80)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $240.80
                  Weight   Price     Head      : Se 600-900#          $214.33
  Live Steer:          1470   $116.10    55,958: Current Lds:            81.4
  Live Heifer:         1311   $115.01    31,510: Previous Lds:          139.3
  Drsd Steer:           957   $181.39    17,885
  Drsd Heifer:          873   $182.22     8,745
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      Grading % Breakdown            :         Drop Credit      :        8.88
 Ch 600-900# :                 82.57%:         Steer Dressing % :      63.05%
 Ch 600-750# :                 34.17%:         Heifer Dressing %:      63.03%
 Ch 750-900# :                 48.40%:         Processing Cost  :       12.00
 Se 600-900# :                 17.43%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.60%:
 Se 750-900# :                 11.83%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 203.15                       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            16.93   $189.37   $202.44   $220.08   $215.74   $202.75
 Certified 1-3         5.43   $177.87   $190.94   $208.58   $204.24   $191.25
 Choice 1              3.79   $176.23   $189.30   $206.94   $202.60   $189.61
 Select 1            -20.67   $151.77   $164.84   $182.48   $178.14   $165.15
 Stndrd 1-3          -33.24   $139.20   $152.27   $169.91   $165.57   $152.58
 Prime 4               4.29   $176.73   $189.80   $207.44   $203.10   $190.11
 Choice 4            -11.21   $161.23   $174.30   $191.94   $187.60   $174.61
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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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