Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, Mar 15, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $204.39             $194.94
 Change =>                      -0.49               -0.84
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Current Index Reflects the Equivalent of 109,081 head of cattle.
SUPPLY (Live)  70,201 Hd
Equivalent:                   $193.80             $184.54
DEMAND (Box)   38,880 Hd*
Equivalent:                   $214.99             $205.34
Live-Box Spread:             ($21.19)            ($20.80)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $226.99
                  Weight   Price     Head      : Se 600-900#          $217.34
  Live Steer:          1421   $127.19    32,138: Current Lds:           102.8
  Live Heifer:         1298   $126.96    20,753: Previous Lds:          118.2
  Drsd Steer:           914   $204.35    12,602
  Drsd Heifer:          827   $204.49     4,708
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      Grading % Breakdown            :         Drop Credit      :        9.06
 Ch 600-900# :                 85.81%:         Steer Dressing % :      63.10%
 Ch 600-750# :                 36.02%:         Heifer Dressing %:      63.03%
 Ch 750-900# :                 49.79%:         Processing Cost  :       12.00
 Se 600-900# :                 14.19%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.61%:
 Se 750-900# :                 10.58%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 204.39                       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            12.87   $186.55   $201.29   $217.26   $212.76   $193.59
 Certified 1-3         5.28   $178.96   $193.70   $209.67   $205.17   $186.00
 Choice 1              3.86   $177.54   $192.28   $208.25   $203.75   $184.58
 Select 1             -4.78   $168.90   $183.64   $199.61   $195.11   $175.94
 Stndrd 1-3          -27.29   $146.39   $161.13   $177.10   $172.60   $153.43
 Prime 4              -0.56   $173.12   $187.86   $203.83   $199.33   $180.16
 Choice 4            -11.93   $161.75   $176.49   $192.46   $187.96   $168.79
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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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