Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Thu, Oct 12, 2017     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $174.20             $165.60
 Change =>                       0.66                0.44
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 117,762 head of cattle.
SUPPLY (Live)  68,919 Hd
Equivalent:                   $162.95             $153.76
DEMAND (Box)   48,843 Hd*
Equivalent:                   $185.44             $177.45
Live-Box Spread:             ($22.49)            ($23.69)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $197.44
                  Weight   Price     Head      : Se 600-900#          $189.45
  Live Steer:          1453   $109.46    34,990: Current Lds:           120.8
  Live Heifer:         1314   $109.57    18,758: Previous Lds:          185.1
  Drsd Steer:           938   $172.50     8,985
  Drsd Heifer:          849   $172.98     6,186
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       10.29
 Ch 600-900# :                 84.54%:         Steer Dressing % :      63.25%
 Ch 600-750# :                 33.47%:         Heifer Dressing %:      63.27%
 Ch 750-900# :                 51.07%:         Processing Cost  :       12.00
 Se 600-900# :                 15.46%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.11%:
 Se 750-900# :                 10.35%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 174.20                       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            14.92   $160.66   $174.87   $189.12   $184.74   $166.26
 Certified 1-3         4.96   $150.70   $164.91   $179.16   $174.78   $156.30
 Choice 1              3.69   $149.43   $163.64   $177.89   $173.51   $155.03
 Select 1             -4.91   $140.83   $155.04   $169.29   $164.91   $146.43
 Stndrd 1-3          -25.00   $120.74   $134.95   $149.20   $144.82   $126.34
 Prime 4               1.92   $147.66   $161.87   $176.12   $171.74   $153.26
 Choice 4            -11.54   $134.20   $148.41   $162.66   $158.28   $139.80
-----------------------------------------------------------------------------
*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