Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Wed, Sep 11, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $182.28             $160.26
 Change =>                      -2.91               -1.46
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Current Index Reflects the Equivalent of 118,451 head of cattle.
SUPPLY (Live)  67,054 Hd
Equivalent:                   $156.67             $134.12
DEMAND (Box)   51,397 Hd*
Equivalent:                   $207.89             $186.40
Live-Box Spread:             ($51.22)            ($52.28)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $219.89
                  Weight   Price     Head      : Se 600-900#          $198.40
  Live Steer:          1440   $101.27    19,978: Current Lds:           165.7
  Live Heifer:         1293   $100.66    11,553: Previous Lds:          120.9
  Drsd Steer:           919   $165.13    25,472
  Drsd Heifer:          821   $165.60    10,051
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      Grading % Breakdown            :         Drop Credit      :        9.17
 Ch 600-900# :                 81.03%:         Steer Dressing % :      63.68%
 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 = 182.28                       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   $169.25   $182.71   $200.68   $196.18   $183.01
 Certified 1-3         5.50   $156.35   $169.81   $187.78   $183.28   $170.11
 Choice 1              3.86   $154.71   $168.17   $186.14   $181.64   $168.47
 Select 1            -18.14   $132.71   $146.17   $164.14   $159.64   $146.47
 Stndrd 1-3          -30.97   $119.88   $133.34   $151.31   $146.81   $133.64
 Prime 4               5.69   $156.54   $170.00   $187.97   $183.47   $170.30
 Choice 4            -11.21   $139.64   $153.10   $171.07   $166.57   $153.40
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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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