Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, Aug 11, 2017     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $180.00             $173.32
 Change =>                      -0.79               -0.31
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 158,583 head of cattle.
SUPPLY (Live)  110,387 Hd
Equivalent:                   $172.40             $162.51
DEMAND (Box)   48,196 Hd*
Equivalent:                   $187.60             $184.12
Live-Box Spread:             ($15.20)            ($21.61)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $199.60
                  Weight   Price     Head      : Se 600-900#          $196.12
  Live Steer:          1412   $115.42    51,251: Current Lds:            89.5
  Live Heifer:         1271   $115.06    23,494: Previous Lds:          144.1
  Drsd Steer:           900   $184.17    24,507
  Drsd Heifer:          819   $184.43    11,135
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       10.84
 Ch 600-900# :                 83.51%:         Steer Dressing % :      63.34%
 Ch 600-750# :                 33.97%:         Heifer Dressing %:      63.32%
 Ch 750-900# :                 49.54%:         Processing Cost  :       12.00
 Se 600-900# :                 16.49%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.53%:
 Se 750-900# :                 11.95%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 180.00                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -28.46    -14.25               -4.38    -23.93
-----------------------------------------------------------------------------
 Prime 1-3            15.07   $166.61   $180.82   $195.07   $190.69   $171.14
 Certified 1-3         4.46   $156.00   $170.21   $184.46   $180.08   $160.53
 Choice 1              3.69   $155.23   $169.44   $183.69   $179.31   $159.76
 Select 1             -5.61   $145.93   $160.14   $174.39   $170.01   $150.46
 Stndrd 1-3          -25.23   $126.31   $140.52   $154.77   $150.39   $130.84
 Prime 4               2.07   $153.61   $167.82   $182.07   $177.69   $158.14
 Choice 4            -11.54   $140.00   $154.21   $168.46   $164.08   $144.53
-----------------------------------------------------------------------------
*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