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USDA-NW: Beef Carcass Price Equivalent Index Value

Des Moines, IA - Thu, Dec 07, 2017 - USDA Market News


USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $186.75             $165.95
 Change =>                      -1.38               -0.86
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 169,512 head of cattle.
SUPPLY (Live)  122,092 Hd
Equivalent:                   $180.42             $160.06
DEMAND (Box)   47,420 Hd*
Equivalent:                   $193.08             $171.83
Live-Box Spread:             ($12.66)            ($11.77)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $205.08
                  Weight   Price     Head      : Se 600-900#          $183.83
  Live Steer:          1462   $119.56    56,208: Current Lds:           117.3
  Live Heifer:         1302   $119.58    27,930: Previous Lds:          169.2
  Drsd Steer:           941   $189.13    24,349
  Drsd Heifer:          852   $188.86    13,605
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       10.62
 Ch 600-900# :                 82.53%:         Steer Dressing % :      63.26%
 Ch 600-750# :                 34.32%:         Heifer Dressing %:      63.26%
 Ch 750-900# :                 48.22%:         Processing Cost  :       12.00
 Se 600-900# :                 17.47%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.11%:
 Se 750-900# :                 11.36%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 186.75                       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            15.92   $174.21   $188.42   $202.67   $198.29   $179.81
 Certified 1-3         5.46   $163.75   $177.96   $192.21   $187.83   $169.35
 Choice 1              3.69   $161.98   $176.19   $190.44   $186.06   $167.58
 Select 1            -16.13   $142.16   $156.37   $170.62   $166.24   $147.76
 Stndrd 1-3          -32.46   $125.83   $140.04   $154.29   $149.91   $131.43
 Prime 4               3.31   $161.60   $175.81   $190.06   $185.68   $167.20
 Choice 4            -11.15   $147.14   $161.35   $175.60   $171.22   $152.74
-----------------------------------------------------------------------------
*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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