Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, May 19, 2017     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $219.68             $197.18
 Change =>                      -1.71               -1.80
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Current Index Reflects the Equivalent of 106,403 head of cattle.
SUPPLY (Live)  64,816 Hd
Equivalent:                   $204.22             $184.94
DEMAND (Box)   41,587 Hd*
Equivalent:                   $235.14             $209.42
Live-Box Spread:             ($30.92)            ($24.48)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $247.14
                  Weight   Price     Head      : Se 600-900#          $221.42
  Live Steer:          1349   $134.14    30,478: Current Lds:            88.6
  Live Heifer:         1227   $134.01    16,764: Previous Lds:          114.1
  Drsd Steer:           874   $212.73    13,844
  Drsd Heifer:          790   $212.72     3,730
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      Grading % Breakdown            :         Drop Credit      :       11.31
 Ch 600-900# :                 81.02%:         Steer Dressing % :      62.87%
 Ch 600-750# :                 32.83%:         Heifer Dressing %:      62.79%
 Ch 750-900# :                 48.19%:         Processing Cost  :       12.00
 Se 600-900# :                 18.98%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.19%:
 Se 750-900# :                 12.79%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 219.68                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -28.46    -14.25               -4.38    -23.93
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 Prime 1-3            14.21   $205.43   $219.64   $233.89   $229.51   $209.96
 Certified 1-3         5.34   $196.56   $210.77   $225.02   $220.64   $201.09
 Choice 1              3.69   $194.91   $209.12   $223.37   $218.99   $199.44
 Select 1            -15.04   $176.18   $190.39   $204.64   $200.26   $180.71
 Stndrd 1-3          -31.39   $159.83   $174.04   $188.29   $183.91   $164.36
 Prime 4               0.83   $192.05   $206.26   $220.51   $216.13   $196.58
 Choice 4            -11.92   $179.30   $193.51   $207.76   $203.38   $183.83
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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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