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

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $205.56             $195.04
 Change =>                       1.64                0.54
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Current Index Reflects the Equivalent of 99,009 head of cattle.
SUPPLY (Live)  55,447 Hd
Equivalent:                   $192.14             $180.86
DEMAND (Box)   43,562 Hd*
Equivalent:                   $218.98             $209.22
Live-Box Spread:             ($26.84)            ($28.36)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $230.98
                  Weight   Price     Head      : Se 600-900#          $221.22
  Live Steer:          1410   $126.27    25,298: Current Lds:            92.9
  Live Heifer:         1279   $125.45    15,117: Previous Lds:          120.5
  Drsd Steer:           901   $204.89     9,933
  Drsd Heifer:          814   $204.86     5,099
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      Grading % Breakdown            :         Drop Credit      :        9.18
 Ch 600-900# :                 85.80%:         Steer Dressing % :      63.28%
 Ch 600-750# :                 35.56%:         Heifer Dressing %:      63.17%
 Ch 750-900# :                 50.24%:         Processing Cost  :       12.00
 Se 600-900# :                 14.20%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.25%:
 Se 750-900# :                  9.95%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 205.56                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -17.64               -4.50    -18.00
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 Prime 1-3            13.87   $188.72   $201.79   $219.43   $214.93   $201.43
 Certified 1-3         5.28   $180.13   $193.20   $210.84   $206.34   $192.84
 Choice 1              3.86   $178.71   $191.78   $209.42   $204.92   $191.42
 Select 1             -6.81   $168.04   $181.11   $198.75   $194.25   $180.75
 Stndrd 1-3          -29.03   $145.82   $158.89   $176.53   $172.03   $158.53
 Prime 4               1.16   $176.01   $189.08   $206.72   $202.22   $188.72
 Choice 4            -11.21   $163.64   $176.71   $194.35   $189.85   $176.35
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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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