Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Thu, Mar 08, 2018     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $201.17             $194.16
 Change =>                       0.36                0.99
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 75,635 head of cattle.
SUPPLY (Live)  38,058 Hd
Equivalent:                   $190.46             $183.55
DEMAND (Box)   37,577 Hd*
Equivalent:                   $211.88             $204.78
Live-Box Spread:             ($21.42)            ($21.23)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $223.88
                  Weight   Price     Head      : Se 600-900#          $216.78
  Live Steer:          1419   $126.46    14,623: Current Lds:            96.0
  Live Heifer:         1270   $126.24     8,436: Previous Lds:          136.0
  Drsd Steer:           914   $203.73     8,097
  Drsd Heifer:          860   $204.27     6,902
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       10.21
 Ch 600-900# :                 84.90%:         Steer Dressing % :      63.38%
 Ch 600-750# :                 34.26%:         Heifer Dressing %:      63.43%
 Ch 750-900# :                 50.64%:         Processing Cost  :       12.00
 Se 600-900# :                 15.10%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.46%:
 Se 750-900# :                 10.64%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 201.17                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -31.15    -14.97               -4.64    -23.57
-----------------------------------------------------------------------------
 Prime 1-3            15.00   $185.02   $201.20   $216.17   $211.53   $192.60
 Certified 1-3         5.34   $175.36   $191.54   $206.51   $201.87   $182.94
 Choice 1              3.69   $173.71   $189.89   $204.86   $200.22   $181.29
 Select 1             -2.61   $167.41   $183.59   $198.56   $193.92   $174.99
 Stndrd 1-3          -25.39   $144.63   $160.81   $175.78   $171.14   $152.21
 Prime 4               2.39   $172.41   $188.59   $203.56   $198.92   $179.99
 Choice 4            -11.15   $158.87   $175.05   $190.02   $185.38   $166.45
-----------------------------------------------------------------------------
*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