Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Mon, Sep 16, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $180.69             $157.24
 Change =>                      -0.21               -1.25
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Current Index Reflects the Equivalent of 104,398 head of cattle.
SUPPLY (Live)  56,683 Hd
Equivalent:                   $152.77             $129.91
DEMAND (Box)   47,715 Hd*
Equivalent:                   $208.62             $184.57
Live-Box Spread:             ($55.85)            ($54.66)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $220.62
                  Weight   Price     Head      : Se 600-900#          $196.57
  Live Steer:          1438   $100.27    24,401: Current Lds:           101.3
  Live Heifer:         1300    $99.85    13,211: Previous Lds:          126.6
  Drsd Steer:           921   $159.17    16,079
  Drsd Heifer:          824   $159.11     2,992
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      Grading % Breakdown            :         Drop Credit      :        9.05
 Ch 600-900# :                 81.91%:         Steer Dressing % :      63.41%
 Ch 600-750# :                 32.52%:         Heifer Dressing %:      63.39%
 Ch 750-900# :                 49.39%:         Processing Cost  :       12.00
 Se 600-900# :                 18.09%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.92%:
 Se 750-900# :                 12.17%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 180.69                       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            18.60   $167.86   $181.32   $199.29   $194.79   $181.62
 Certified 1-3         5.17   $154.43   $167.89   $185.86   $181.36   $168.19
 Choice 1              3.86   $153.12   $166.58   $184.55   $180.05   $166.88
 Select 1            -18.45   $130.81   $144.27   $162.24   $157.74   $144.57
 Stndrd 1-3          -31.57   $117.69   $131.15   $149.12   $144.62   $131.45
 Prime 4               5.89   $155.15   $168.61   $186.58   $182.08   $168.91
 Choice 4            -11.21   $138.05   $151.51   $169.48   $164.98   $151.81
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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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