Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, Jul 19, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $187.83             $164.49
 Change =>                      -0.04                0.38
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Current Index Reflects the Equivalent of 174,257 head of cattle.
SUPPLY (Live)  120,392 Hd
Equivalent:                   $174.24             $151.46
DEMAND (Box)   53,865 Hd*
Equivalent:                   $201.42             $177.51
Live-Box Spread:             ($27.18)            ($26.05)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $213.42
                  Weight   Price     Head      : Se 600-900#          $189.51
  Live Steer:          1382   $112.99    54,132: Current Lds:            90.1
  Live Heifer:         1271   $112.50    33,449: Previous Lds:          134.9
  Drsd Steer:           895   $182.76    21,531
  Drsd Heifer:          802   $182.77    11,280
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      Grading % Breakdown            :         Drop Credit      :        8.87
 Ch 600-900# :                 82.72%:         Steer Dressing % :      63.26%
 Ch 600-750# :                 33.20%:         Heifer Dressing %:      63.26%
 Ch 750-900# :                 49.53%:         Processing Cost  :       12.00
 Se 600-900# :                 17.28%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.00%:
 Se 750-900# :                 11.28%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 187.83                       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            15.93   $172.33   $185.79   $203.76   $199.26   $186.09
 Certified 1-3         5.39   $161.79   $175.25   $193.22   $188.72   $175.55
 Choice 1              3.86   $160.26   $173.72   $191.69   $187.19   $174.02
 Select 1            -18.37   $138.03   $151.49   $169.46   $164.96   $151.79
 Stndrd 1-3          -30.57   $125.83   $139.29   $157.26   $152.76   $139.59
 Prime 4               3.22   $159.62   $173.08   $191.05   $186.55   $173.38
 Choice 4            -11.21   $145.19   $158.65   $176.62   $172.12   $158.95
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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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