The core data back-end database is just a sqlite file. Once you find the location of the file you can do anything you want with it. I am fond of
firefox sqlite manager. You can also just do a command line dump: sqlite x.db .dump > output.sql
To find the location of the file, add the following to your command arguments:
-com.apple.CoreData.SQLDebug 1
When you load it in the simulator, look in the console and it should show something like this:
CoreData: annotation: Connecting to sqlite database file at "/Users/rcirka/Library/Application Support/iPhone Simulator/4.3.2/Applications/7DC5DD03-18DF-48FC-B532-F825C97CF464/Library/Caches/MYEQ.sqlite"