Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, Nov 08, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $200.84             $175.38
 Change =>                       0.69                0.39
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Current Index Reflects the Equivalent of 128,037 head of cattle.
SUPPLY (Live)  85,606 Hd
Equivalent:                   $174.56             $149.51
DEMAND (Box)   42,431 Hd*
Equivalent:                   $227.12             $201.26
Live-Box Spread:             ($52.56)            ($51.75)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $239.12
                  Weight   Price     Head      : Se 600-900#          $213.26
  Live Steer:          1501   $113.93    34,912: Current Lds:           120.8
  Live Heifer:         1357   $114.36    17,718: Previous Lds:          117.0
  Drsd Steer:           961   $180.67    24,045
  Drsd Heifer:          849   $180.06     8,931
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      Grading % Breakdown            :         Drop Credit      :        8.97
 Ch 600-900# :                 82.74%:         Steer Dressing % :      63.29%
 Ch 600-750# :                 33.74%:         Heifer Dressing %:      63.30%
 Ch 750-900# :                 49.00%:         Processing Cost  :       12.00
 Se 600-900# :                 17.26%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.75%:
 Se 750-900# :                 11.51%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 200.84                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -17.64               -4.34    -17.33
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 Prime 1-3            17.46   $187.59   $200.66   $218.30   $213.96   $200.97
 Certified 1-3         5.43   $175.56   $188.63   $206.27   $201.93   $188.94
 Choice 1              3.79   $173.92   $186.99   $204.63   $200.29   $187.30
 Select 1            -20.75   $149.38   $162.45   $180.09   $175.75   $162.76
 Stndrd 1-3          -33.24   $136.89   $149.96   $167.60   $163.26   $150.27
 Prime 4               4.82   $174.95   $188.02   $205.66   $201.32   $188.33
 Choice 4            -11.21   $158.92   $171.99   $189.63   $185.29   $172.30
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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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