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USDA-NW: Beef Carcass Price Equivalent Index Value

Des Moines, IA - Fri, Nov 10, 2017 - USDA Market News


USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $193.69             $177.78
 Change =>                       0.74               -1.71
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 140,065 head of cattle.
SUPPLY (Live)  97,312 Hd
Equivalent:                   $185.53             $173.05
DEMAND (Box)   42,753 Hd*
Equivalent:                   $201.85             $182.51
Live-Box Spread:             ($16.32)             ($9.46)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $213.85
                  Weight   Price     Head      : Se 600-900#          $194.51
  Live Steer:          1457   $123.48    53,263: Current Lds:            91.2
  Live Heifer:         1294   $123.38    29,283: Previous Lds:          111.6
  Drsd Steer:           930   $192.25     9,915
  Drsd Heifer:          849   $192.17     4,851
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       10.18
 Ch 600-900# :                 82.55%:         Steer Dressing % :      63.30%
 Ch 600-750# :                 33.01%:         Heifer Dressing %:      63.29%
 Ch 750-900# :                 49.53%:         Processing Cost  :       12.00
 Se 600-900# :                 17.45%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.06%:
 Se 750-900# :                 11.39%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 193.69                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -28.46    -14.25               -4.38    -22.86
-----------------------------------------------------------------------------
 Prime 1-3            15.57   $180.80   $195.01   $209.26   $204.88   $186.40
 Certified 1-3         5.21   $170.44   $184.65   $198.90   $194.52   $176.04
 Choice 1              3.69   $168.92   $183.13   $197.38   $193.00   $174.52
 Select 1             -8.21   $157.02   $171.23   $185.48   $181.10   $162.62
 Stndrd 1-3          -27.00   $138.23   $152.44   $166.69   $162.31   $143.83
 Prime 4               2.96   $168.19   $182.40   $196.65   $192.27   $173.79
 Choice 4            -11.15   $154.08   $168.29   $182.54   $178.16   $159.68
-----------------------------------------------------------------------------
*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

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