Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, May 24, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $193.72             $179.84
 Change =>                       0.09                0.63
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Current Index Reflects the Equivalent of 131,048 head of cattle.
SUPPLY (Live)  83,172 Hd
Equivalent:                   $177.80             $163.21
DEMAND (Box)   47,876 Hd*
Equivalent:                   $209.64             $196.47
Live-Box Spread:             ($31.84)            ($33.26)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $221.64
                  Weight   Price     Head      : Se 600-900#          $208.47
  Live Steer:          1365   $115.82    36,263: Current Lds:            99.7
  Live Heifer:         1231   $115.28    17,344: Previous Lds:          119.2
  Drsd Steer:           866   $184.84    22,573
  Drsd Heifer:          799   $185.10     6,992
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      Grading % Breakdown            :         Drop Credit      :        8.29
 Ch 600-900# :                 82.84%:         Steer Dressing % :      63.34%
 Ch 600-750# :                 33.78%:         Heifer Dressing %:      63.33%
 Ch 750-900# :                 49.06%:         Processing Cost  :       12.00
 Se 600-900# :                 17.16%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.62%:
 Se 750-900# :                 11.54%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 193.72                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -17.64               -4.50    -18.00
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 Prime 1-3            13.87   $176.88   $189.95   $207.59   $203.09   $189.59
 Certified 1-3         4.83   $167.84   $180.91   $198.55   $194.05   $180.55
 Choice 1              3.86   $166.87   $179.94   $197.58   $193.08   $179.58
 Select 1            -10.14   $152.87   $165.94   $183.58   $179.08   $165.58
 Stndrd 1-3          -28.97   $134.04   $147.11   $164.75   $160.25   $146.75
 Prime 4               1.16   $164.17   $177.24   $194.88   $190.38   $176.88
 Choice 4            -11.21   $151.80   $164.87   $182.51   $178.01   $164.51
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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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