Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, Jan 12, 2018     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $188.60             $179.86
 Change =>                      -0.27               -0.50
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Current Index Reflects the Equivalent of 194,636 head of cattle.
SUPPLY (Live)  151,814 Hd
Equivalent:                   $180.97             $170.08
DEMAND (Box)   42,822 Hd*
Equivalent:                   $196.23             $189.64
Live-Box Spread:             ($15.26)            ($19.56)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $208.23
                  Weight   Price     Head      : Se 600-900#          $201.64
  Live Steer:          1442   $120.87    76,348: Current Lds:           106.2
  Live Heifer:         1305   $120.90    38,120: Previous Lds:          110.3
  Drsd Steer:           926   $192.96    25,208
  Drsd Heifer:          855   $193.10    12,138
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      Grading % Breakdown            :         Drop Credit      :       10.59
 Ch 600-900# :                 82.47%:         Steer Dressing % :      63.35%
 Ch 600-750# :                 34.19%:         Heifer Dressing %:      63.34%
 Ch 750-900# :                 48.28%:         Processing Cost  :       12.00
 Se 600-900# :                 17.53%:         Slaughter Cost   :       50.50
 Se 600-750# :                  5.28%:
 Se 750-900# :                 12.25%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 188.60                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.38    -14.61               -4.82    -23.93
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 Prime 1-3            15.78   $174.00   $189.77   $204.38   $199.56   $180.45
 Certified 1-3         5.59   $163.81   $179.58   $194.19   $189.37   $170.26
 Choice 1              3.69   $161.91   $177.68   $192.29   $187.47   $168.36
 Select 1             -6.61   $151.61   $167.38   $181.99   $177.17   $158.06
 Stndrd 1-3          -26.69   $131.53   $147.30   $161.91   $157.09   $137.98
 Prime 4               3.17   $161.39   $177.16   $191.77   $186.95   $167.84
 Choice 4            -11.15   $147.07   $162.84   $177.45   $172.63   $153.52
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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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