Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, Sep 14, 2018     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $176.87             $167.62
 Change =>                       0.20               -0.30
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Current Index Reflects the Equivalent of 147,019 head of cattle.
SUPPLY (Live)  99,068 Hd
Equivalent:                   $161.47             $150.77
DEMAND (Box)   47,951 Hd*
Equivalent:                   $192.27             $184.47
Live-Box Spread:             ($30.80)            ($33.70)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $204.27
                  Weight   Price     Head      : Se 600-900#          $196.47
  Live Steer:          1453   $107.62    44,180: Current Lds:           105.2
  Live Heifer:         1291   $107.76    21,604: Previous Lds:          131.6
  Drsd Steer:           933   $170.43    23,717
  Drsd Heifer:          841   $170.36     9,567
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      Grading % Breakdown            :         Drop Credit      :        9.18
 Ch 600-900# :                 83.32%:         Steer Dressing % :      63.81%
 Ch 600-750# :                 33.77%:         Heifer Dressing %:      63.79%
 Ch 750-900# :                 49.55%:         Processing Cost  :       12.00
 Se 600-900# :                 16.68%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.62%:
 Se 750-900# :                 11.06%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 176.87                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -15.97               -4.50    -23.67
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 Prime 1-3            13.73   $159.89   $174.63   $190.60   $186.10   $166.93
 Certified 1-3         5.20   $151.36   $166.10   $182.07   $177.57   $158.40
 Choice 1              3.86   $150.02   $164.76   $180.73   $176.23   $157.06
 Select 1             -6.23   $139.93   $154.67   $170.64   $166.14   $146.97
 Stndrd 1-3          -27.21   $118.95   $133.69   $149.66   $145.16   $125.99
 Prime 4               0.44   $146.60   $161.34   $177.31   $172.81   $153.64
 Choice 4            -11.79   $134.37   $149.11   $165.08   $160.58   $141.41
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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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