Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Tue, Mar 19, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $205.48             $195.33
 Change =>                       0.50                0.63
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 111,878 head of cattle.
SUPPLY (Live)  71,807 Hd
Equivalent:                   $193.63             $183.19
DEMAND (Box)   40,071 Hd*
Equivalent:                   $217.33             $207.46
Live-Box Spread:             ($23.70)            ($24.27)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $229.33
                  Weight   Price     Head      : Se 600-900#          $219.46
  Live Steer:          1424   $127.15    35,681: Current Lds:           121.5
  Live Heifer:         1305   $126.98    22,548: Previous Lds:           73.8
  Drsd Steer:           905   $204.14    10,455
  Drsd Heifer:          830   $204.08     3,123
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :        9.08
 Ch 600-900# :                 86.32%:         Steer Dressing % :      63.07%
 Ch 600-750# :                 35.64%:         Heifer Dressing %:      63.00%
 Ch 750-900# :                 50.67%:         Processing Cost  :       12.00
 Se 600-900# :                 13.68%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.48%:
 Se 750-900# :                 10.20%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 205.48                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -15.97               -4.50    -23.67
-----------------------------------------------------------------------------
 Prime 1-3            12.93   $187.70   $202.44   $218.41   $213.91   $194.74
 Certified 1-3         5.28   $180.05   $194.79   $210.76   $206.26   $187.09
 Choice 1              3.86   $178.63   $193.37   $209.34   $204.84   $185.67
 Select 1             -5.96   $168.81   $183.55   $199.52   $195.02   $175.85
 Stndrd 1-3          -27.79   $146.98   $161.72   $177.69   $173.19   $154.02
 Prime 4              -0.50   $174.27   $189.01   $204.98   $200.48   $181.31
 Choice 4            -11.93   $162.84   $177.58   $193.55   $189.05   $169.88
-----------------------------------------------------------------------------
*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