Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, Jul 12, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $188.80             $165.46
 Change =>                       1.28                1.17
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Current Index Reflects the Equivalent of 80,429 head of cattle.
SUPPLY (Live)  27,975 Hd
Equivalent:                   $176.79             $153.33
DEMAND (Box)   52,454 Hd*
Equivalent:                   $200.80             $177.60
Live-Box Spread:             ($24.01)            ($24.27)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $212.80
                  Weight   Price     Head      : Se 600-900#          $189.60
  Live Steer:          1424   $114.35    14,059: Current Lds:           109.3
  Live Heifer:         1253   $113.90     3,910: Previous Lds:          147.7
  Drsd Steer:           885   $182.82     6,839
  Drsd Heifer:          808   $183.08     3,167
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      Grading % Breakdown            :         Drop Credit      :        8.58
 Ch 600-900# :                 81.37%:         Steer Dressing % :      63.36%
 Ch 600-750# :                 32.98%:         Heifer Dressing %:      63.46%
 Ch 750-900# :                 48.39%:         Processing Cost  :       12.00
 Se 600-900# :                 18.63%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.39%:
 Se 750-900# :                 12.25%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 188.80                       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            15.33   $172.70   $186.16   $204.13   $199.63   $186.46
 Certified 1-3         5.39   $162.76   $176.22   $194.19   $189.69   $176.52
 Choice 1              3.86   $161.23   $174.69   $192.66   $188.16   $174.99
 Select 1            -19.06   $138.31   $151.77   $169.74   $165.24   $152.07
 Stndrd 1-3          -31.37   $126.00   $139.46   $157.43   $152.93   $139.76
 Prime 4               2.62   $159.99   $173.45   $191.42   $186.92   $173.75
 Choice 4            -11.21   $146.16   $159.62   $177.59   $173.09   $159.92
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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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