Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Mon, Jun 19, 2017     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $218.40             $189.97
 Change =>                      -2.98               -2.86
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Current Index Reflects the Equivalent of 116,068 head of cattle.
SUPPLY (Live)  73,191 Hd
Equivalent:                   $199.35             $170.58
DEMAND (Box)   42,877 Hd*
Equivalent:                   $237.46             $209.36
Live-Box Spread:             ($38.11)            ($38.78)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $249.46
                  Weight   Price     Head      : Se 600-900#          $221.36
  Live Steer:          1363   $130.02    31,419: Current Lds:            93.6
  Live Heifer:         1215   $130.30    15,515: Previous Lds:          101.8
  Drsd Steer:           864   $206.02    20,975
  Drsd Heifer:          798   $206.73     5,282
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      Grading % Breakdown            :         Drop Credit      :       11.60
 Ch 600-900# :                 81.09%:         Steer Dressing % :      62.81%
 Ch 600-750# :                 32.89%:         Heifer Dressing %:      62.54%
 Ch 750-900# :                 48.20%:         Processing Cost  :       12.00
 Se 600-900# :                 18.91%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.11%:
 Se 750-900# :                 12.80%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 218.40                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -28.46    -14.25               -4.38    -23.93
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 Prime 1-3            14.57   $204.51   $218.72   $232.97   $228.59   $209.04
 Certified 1-3         5.84   $195.78   $209.99   $224.24   $219.86   $200.31
 Choice 1              3.69   $193.63   $207.84   $222.09   $217.71   $198.16
 Select 1            -24.58   $165.36   $179.57   $193.82   $189.44   $169.89
 Stndrd 1-3          -35.54   $154.40   $168.61   $182.86   $178.48   $158.93
 Prime 4               1.57   $191.51   $205.72   $219.97   $215.59   $196.04
 Choice 4            -11.54   $178.40   $192.61   $206.86   $202.48   $182.93
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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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