Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Tue, Feb 12, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $197.16             $191.09
 Change =>                       0.13               -0.44
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Current Index Reflects the Equivalent of 108,235 head of cattle.
SUPPLY (Live)  69,876 Hd
Equivalent:                   $189.17             $181.18
DEMAND (Box)   38,359 Hd*
Equivalent:                   $205.16             $201.00
Live-Box Spread:             ($15.99)            ($19.82)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $217.16
                  Weight   Price     Head      : Se 600-900#          $213.00
  Live Steer:          1465   $124.95    28,548: Current Lds:           107.0
  Live Heifer:         1321   $124.84    15,718: Previous Lds:           78.0
  Drsd Steer:           923   $199.91    17,360
  Drsd Heifer:          838   $199.87     8,250
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      Grading % Breakdown            :         Drop Credit      :        9.02
 Ch 600-900# :                 85.92%:         Steer Dressing % :      63.59%
 Ch 600-750# :                 34.97%:         Heifer Dressing %:      63.55%
 Ch 750-900# :                 50.94%:         Processing Cost  :       12.00
 Se 600-900# :                 14.08%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.95%:
 Se 750-900# :                 10.13%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 197.16                       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   $179.12   $193.86   $209.83   $205.33   $186.16
 Certified 1-3         5.28   $171.73   $186.47   $202.44   $197.94   $178.77
 Choice 1              3.86   $170.31   $185.05   $201.02   $196.52   $177.35
 Select 1             -3.50   $162.95   $177.69   $193.66   $189.16   $169.99
 Stndrd 1-3          -27.21   $139.24   $153.98   $169.95   $165.45   $146.28
 Prime 4              -0.76   $165.69   $180.43   $196.40   $191.90   $172.73
 Choice 4            -11.93   $154.52   $169.26   $185.23   $180.73   $161.56
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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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