Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, Jan 11, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $192.73             $185.11
 Change =>                      -0.96               -0.96
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Current Index Reflects the Equivalent of 105,465 head of cattle.
SUPPLY (Live)  55,321 Hd
Equivalent:                   $184.99             $175.95
DEMAND (Box)   50,144 Hd*
Equivalent:                   $200.46             $194.27
Live-Box Spread:             ($15.47)            ($18.32)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $212.46
                  Weight   Price     Head      : Se 600-900#          $206.27
  Live Steer:          1483   $121.91    20,026: Current Lds:           107.4
  Live Heifer:         1345   $121.98     6,761: Previous Lds:          124.6
  Drsd Steer:           926   $194.64    18,942
  Drsd Heifer:          839   $194.69     9,592
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      Grading % Breakdown            :         Drop Credit      :        9.01
 Ch 600-900# :                 85.57%:         Steer Dressing % :      63.37%
 Ch 600-750# :                 34.93%:         Heifer Dressing %:      63.46%
 Ch 750-900# :                 50.64%:         Processing Cost  :       12.00
 Se 600-900# :                 14.43%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.09%:
 Se 750-900# :                 10.34%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 192.73                       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            12.67   $174.69   $189.43   $205.40   $200.90   $181.73
 Certified 1-3         5.28   $167.30   $182.04   $198.01   $193.51   $174.34
 Choice 1              3.86   $165.88   $180.62   $196.59   $192.09   $172.92
 Select 1             -4.56   $157.46   $172.20   $188.17   $183.67   $164.50
 Stndrd 1-3          -27.43   $134.59   $149.33   $165.30   $160.80   $141.63
 Prime 4              -0.76   $161.26   $176.00   $191.97   $187.47   $168.30
 Choice 4            -11.93   $150.09   $164.83   $180.80   $176.30   $157.13
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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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