Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, Feb 09, 2018     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $191.38             $186.39
 Change =>                      -1.17               -0.69
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Current Index Reflects the Equivalent of 44,963 head of cattle.
SUPPLY (Live)  3,235 Hd
Equivalent:                   $188.24             $182.03
DEMAND (Box)   41,728 Hd*
Equivalent:                   $194.52             $190.74
Live-Box Spread:              ($6.28)             ($8.71)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $206.52
                  Weight   Price     Head      : Se 600-900#          $202.74
  Live Steer:          1499   $126.04       519: Current Lds:           133.0
  Live Heifer:         1276   $125.92     1,452: Previous Lds:          108.0
  Drsd Steer:           928   $199.82       950
  Drsd Heifer:          841   $198.00       314
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      Grading % Breakdown            :         Drop Credit      :       10.37
 Ch 600-900# :                 84.06%:         Steer Dressing % :      63.35%
 Ch 600-750# :                 34.15%:         Heifer Dressing %:      63.32%
 Ch 750-900# :                 49.91%:         Processing Cost  :       12.00
 Se 600-900# :                 15.94%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.87%:
 Se 750-900# :                 11.08%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 191.38                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.38    -14.61               -4.82    -23.93
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 Prime 1-3            15.42   $176.42   $192.19   $206.80   $201.98   $182.87
 Certified 1-3         5.21   $166.21   $181.98   $196.59   $191.77   $172.66
 Choice 1              3.69   $164.69   $180.46   $195.07   $190.25   $171.14
 Select 1             -1.91   $159.09   $174.86   $189.47   $184.65   $165.54
 Stndrd 1-3          -25.00   $136.00   $151.77   $166.38   $161.56   $142.45
 Prime 4               2.81   $163.81   $179.58   $194.19   $189.37   $170.26
 Choice 4            -11.15   $149.85   $165.62   $180.23   $175.41   $156.30
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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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