Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Wed, Jan 03, 2018     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $190.24             $178.92
 Change =>                       1.85                1.40
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Current Index Reflects the Equivalent of 108,610 head of cattle.
SUPPLY (Live)  62,514 Hd
Equivalent:                   $183.85             $170.67
DEMAND (Box)   46,096 Hd*
Equivalent:                   $196.62             $187.16
Live-Box Spread:             ($12.77)            ($16.49)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $208.62
                  Weight   Price     Head      : Se 600-900#          $199.16
  Live Steer:          1434   $122.78    24,687: Current Lds:           156.0
  Live Heifer:         1325   $122.93    18,913: Previous Lds:          102.6
  Drsd Steer:           944   $194.48    10,417
  Drsd Heifer:          849   $194.92     8,497
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      Grading % Breakdown            :         Drop Credit      :       10.71
 Ch 600-900# :                 82.55%:         Steer Dressing % :      63.44%
 Ch 600-750# :                 32.00%:         Heifer Dressing %:      63.46%
 Ch 750-900# :                 50.54%:         Processing Cost  :       12.00
 Se 600-900# :                 17.45%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.16%:
 Se 750-900# :                 11.30%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 190.24                       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            16.28   $176.14   $191.91   $206.52   $201.70   $182.59
 Certified 1-3         5.46   $165.32   $181.09   $195.70   $190.88   $171.77
 Choice 1              3.69   $163.55   $179.32   $193.93   $189.11   $170.00
 Select 1             -8.91   $150.95   $166.72   $181.33   $176.51   $157.40
 Stndrd 1-3          -27.62   $132.24   $148.01   $162.62   $157.80   $138.69
 Prime 4               3.67   $163.53   $179.30   $193.91   $189.09   $169.98
 Choice 4            -11.15   $148.71   $164.48   $179.09   $174.27   $155.16
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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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