Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Tue, Oct 22, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $188.61             $164.20
 Change =>                       0.32                1.74
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 102,528 head of cattle.
SUPPLY (Live)  58,429 Hd
Equivalent:                   $168.29             $142.32
DEMAND (Box)   44,099 Hd*
Equivalent:                   $208.93             $186.08
Live-Box Spread:             ($40.64)            ($43.76)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $220.93
                  Weight   Price     Head      : Se 600-900#          $198.08
  Live Steer:          1471   $109.78    22,431: Current Lds:           104.7
  Live Heifer:         1304   $109.78    11,649: Previous Lds:           86.2
  Drsd Steer:           943   $174.31    19,166
  Drsd Heifer:          850   $174.22     5,183
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :        8.98
 Ch 600-900# :                 81.85%:         Steer Dressing % :      63.51%
 Ch 600-750# :                 32.24%:         Heifer Dressing %:      63.47%
 Ch 750-900# :                 49.61%:         Processing Cost  :       12.00
 Se 600-900# :                 18.15%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.63%:
 Se 750-900# :                 11.52%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 188.61                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -17.64               -4.34    -17.33
-----------------------------------------------------------------------------
 Prime 1-3            19.26   $177.16   $190.23   $207.87   $203.53   $190.54
 Certified 1-3         5.32   $163.22   $176.29   $193.93   $189.59   $176.60
 Choice 1              3.79   $161.69   $174.76   $192.40   $188.06   $175.07
 Select 1            -21.67   $136.23   $149.30   $166.94   $162.60   $149.61
 Stndrd 1-3          -32.84   $125.06   $138.13   $155.77   $151.43   $138.44
 Prime 4               6.62   $164.52   $177.59   $195.23   $190.89   $177.90
 Choice 4            -11.21   $146.69   $159.76   $177.40   $173.06   $160.07
-----------------------------------------------------------------------------
*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