Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Wed, Feb 14, 2018     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $192.11             $187.01
 Change =>                       0.22                0.20
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 103,767 head of cattle.
SUPPLY (Live)  59,559 Hd
Equivalent:                   $188.42             $182.50
DEMAND (Box)   44,208 Hd*
Equivalent:                   $195.81             $191.51
Live-Box Spread:              ($7.39)             ($9.01)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $207.81
                  Weight   Price     Head      : Se 600-900#          $203.51
  Live Steer:          1461   $126.14    27,059: Current Lds:           124.0
  Live Heifer:         1336   $125.98    19,041: Previous Lds:          126.8
  Drsd Steer:           920   $200.27    10,052
  Drsd Heifer:          846   $199.98     3,407
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       10.31
 Ch 600-900# :                 84.27%:         Steer Dressing % :      63.31%
 Ch 600-750# :                 34.24%:         Heifer Dressing %:      63.22%
 Ch 750-900# :                 50.03%:         Processing Cost  :       12.00
 Se 600-900# :                 15.73%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.80%:
 Se 750-900# :                 10.93%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 192.11                       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            15.28   $176.24   $192.42   $207.39   $202.75   $183.82
 Certified 1-3         5.34   $166.30   $182.48   $197.45   $192.81   $173.88
 Choice 1              3.69   $164.65   $180.83   $195.80   $191.16   $172.23
 Select 1             -1.61   $159.35   $175.53   $190.50   $185.86   $166.93
 Stndrd 1-3          -24.85   $136.11   $152.29   $167.26   $162.62   $143.69
 Prime 4               2.67   $163.63   $179.81   $194.78   $190.14   $171.21
 Choice 4            -11.15   $149.81   $165.99   $180.96   $176.32   $157.39
-----------------------------------------------------------------------------
*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