Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Wed, Aug 14, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $196.58             $171.28
 Change =>                       2.46                2.13
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 103,972 head of cattle.
SUPPLY (Live)  51,176 Hd
Equivalent:                   $172.81             $148.65
DEMAND (Box)   52,796 Hd*
Equivalent:                   $220.34             $193.92
Live-Box Spread:             ($47.53)            ($45.27)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $232.34
                  Weight   Price     Head      : Se 600-900#          $205.92
  Live Steer:          1405   $112.49    24,802: Current Lds:           162.0
  Live Heifer:         1257   $111.53     8,342: Previous Lds:          173.5
  Drsd Steer:           907   $180.25    13,119
  Drsd Heifer:          804   $180.16     4,913
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :        9.24
 Ch 600-900# :                 81.89%:         Steer Dressing % :      63.38%
 Ch 600-750# :                 32.78%:         Heifer Dressing %:      63.36%
 Ch 750-900# :                 49.11%:         Processing Cost  :       12.00
 Se 600-900# :                 18.11%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.24%:
 Se 750-900# :                 11.87%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 196.58                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -31.43    -17.97               -4.50    -17.67
-----------------------------------------------------------------------------
 Prime 1-3            17.07   $182.22   $195.68   $213.65   $209.15   $195.98
 Certified 1-3         5.06   $170.21   $183.67   $201.64   $197.14   $183.97
 Choice 1              3.86   $169.01   $182.47   $200.44   $195.94   $182.77
 Select 1            -19.76   $145.39   $158.85   $176.82   $172.32   $159.15
 Stndrd 1-3          -31.63   $133.52   $146.98   $164.95   $160.45   $147.28
 Prime 4               4.36   $169.51   $182.97   $200.94   $196.44   $183.27
 Choice 4            -11.21   $153.94   $167.40   $185.37   $180.87   $167.70
-----------------------------------------------------------------------------
*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
������� 24 Hour recorded market information 515-284-4830
������� www.ams.usda.gov/mnreports/NW_LS410.txt
������� www.ams.usda.gov/LPSMarketNewsPage