Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Tue, Oct 16, 2018     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $179.36             $167.44
 Change =>                      -0.10                0.33
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Current Index Reflects the Equivalent of 129,770 head of cattle.
SUPPLY (Live)  84,006 Hd
Equivalent:                   $166.12             $154.33
DEMAND (Box)   45,764 Hd*
Equivalent:                   $192.61             $180.55
Live-Box Spread:             ($26.49)            ($26.22)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $204.61
                  Weight   Price     Head      : Se 600-900#          $192.55
  Live Steer:          1465   $110.44    37,302: Current Lds:           132.9
  Live Heifer:         1312   $110.46    16,655: Previous Lds:           93.9
  Drsd Steer:           953   $173.55    21,749
  Drsd Heifer:          835   $173.41     8,300
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      Grading % Breakdown            :         Drop Credit      :        9.09
 Ch 600-900# :                 83.11%:         Steer Dressing % :      63.61%
 Ch 600-750# :                 33.72%:         Heifer Dressing %:      63.61%
 Ch 750-900# :                 49.38%:         Processing Cost  :       12.00
 Se 600-900# :                 16.89%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.49%:
 Se 750-900# :                 11.41%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 179.36                       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            13.47   $162.12   $176.86   $192.83   $188.33   $169.16
 Certified 1-3         5.00   $153.65   $168.39   $184.36   $179.86   $160.69
 Choice 1              3.86   $152.51   $167.25   $183.22   $178.72   $159.55
 Select 1             -7.32   $141.33   $156.07   $172.04   $167.54   $148.37
 Stndrd 1-3          -28.43   $120.22   $134.96   $150.93   $146.43   $127.26
 Prime 4               0.18   $148.83   $163.57   $179.54   $175.04   $155.87
 Choice 4            -11.79   $136.86   $151.60   $167.57   $163.07   $143.90
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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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