Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Thu, Jul 12, 2018     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $182.55             $171.97
 Change =>                      -0.57               -0.20
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Current Index Reflects the Equivalent of 192,192 head of cattle.
SUPPLY (Live)  139,753 Hd
Equivalent:                   $170.53             $158.92
DEMAND (Box)   52,439 Hd*
Equivalent:                   $194.58             $185.01
Live-Box Spread:             ($24.05)            ($26.09)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $206.58
                  Weight   Price     Head      : Se 600-900#          $197.01
  Live Steer:          1403   $112.56    64,033: Current Lds:           125.7
  Live Heifer:         1258   $112.64    26,037: Previous Lds:          143.5
  Drsd Steer:           891   $178.48    35,639
  Drsd Heifer:          810   $178.23    14,044
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      Grading % Breakdown            :         Drop Credit      :        9.57
 Ch 600-900# :                 81.93%:         Steer Dressing % :      62.96%
 Ch 600-750# :                 33.21%:         Heifer Dressing %:      62.95%
 Ch 750-900# :                 48.73%:         Processing Cost  :       12.00
 Se 600-900# :                 18.07%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.64%:
 Se 750-900# :                 12.43%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 182.55                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -14.97               -4.50    -23.67
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 Prime 1-3            13.67   $165.51   $181.25   $196.22   $191.72   $172.55
 Certified 1-3         5.28   $157.12   $172.86   $187.83   $183.33   $164.16
 Choice 1              3.86   $155.70   $171.44   $186.41   $181.91   $162.74
 Select 1             -7.14   $144.70   $160.44   $175.41   $170.91   $151.74
 Stndrd 1-3          -26.57   $125.27   $141.01   $155.98   $151.48   $132.31
 Prime 4               1.10   $152.94   $168.68   $183.65   $179.15   $159.98
 Choice 4            -11.07   $140.77   $156.51   $171.48   $166.98   $147.81
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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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