Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Tue, Mar 13, 2018     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $201.10             $193.56
 Change =>                      -0.11               -0.39
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Current Index Reflects the Equivalent of 144,072 head of cattle.
SUPPLY (Live)  105,556 Hd
Equivalent:                   $190.48             $182.37
DEMAND (Box)   38,516 Hd*
Equivalent:                   $211.73             $204.75
Live-Box Spread:             ($21.25)            ($22.38)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $223.73
                  Weight   Price     Head      : Se 600-900#          $216.75
  Live Steer:          1431   $126.78    49,582: Current Lds:           117.2
  Live Heifer:         1310   $126.64    29,824: Previous Lds:           90.6
  Drsd Steer:           916   $203.82    17,751
  Drsd Heifer:          857   $204.18     8,399
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      Grading % Breakdown            :         Drop Credit      :       10.21
 Ch 600-900# :                 84.70%:         Steer Dressing % :      63.34%
 Ch 600-750# :                 35.59%:         Heifer Dressing %:      63.32%
 Ch 750-900# :                 49.11%:         Processing Cost  :       12.00
 Se 600-900# :                 15.30%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.22%:
 Se 750-900# :                 11.07%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 201.10                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -31.15    -14.97               -4.64    -23.57
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 Prime 1-3            14.78   $184.73   $200.91   $215.88   $211.24   $192.31
 Certified 1-3         5.34   $175.29   $191.47   $206.44   $201.80   $182.87
 Choice 1              3.69   $173.64   $189.82   $204.79   $200.15   $181.22
 Select 1             -3.81   $166.14   $182.32   $197.29   $192.65   $173.72
 Stndrd 1-3          -26.08   $143.87   $160.05   $175.02   $170.38   $151.45
 Prime 4               2.55   $172.50   $188.68   $203.65   $199.01   $180.08
 Choice 4            -10.77   $159.18   $175.36   $190.33   $185.69   $166.76
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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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