Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Fri, May 22, 2020 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $282.52 $262.19
Change => -2.44 -4.08
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Current Index Reflects the Equivalent of 124,705 head of cattle.
SUPPLY (Live) 72,938 Hd
Equivalent: $180.30 $162.21
DEMAND (Box) 51,767 Hd*
Equivalent: $384.74 $362.18
Live-Box Spread: ($204.44) ($199.97)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $396.74
Weight Price Head : Se 600-900# $374.18
Live Steer: 1471 $117.15 22,435: Current Lds: 100.9
Live Heifer: 1323 $118.61 15,704: Previous Lds: 135.6
Drsd Steer: 931 $183.29 22,618
Drsd Heifer: 851 $185.22 12,181
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Grading % Breakdown : Drop Credit : 7.10
Ch 600-900# : 87.31%: Steer Dressing % : 63.35%
Ch 600-750# : 35.29%: Heifer Dressing %: 63.26%
Ch 750-900# : 52.02%: Processing Cost : 12.00
Se 600-900# : 12.69%: Slaughter Cost : 50.50
Se 600-750# : 3.31%:
Se 750-900# : 9.38%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 282.52 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -30.71 -17.64 -4.34 -16.07
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Prime 1-3 12.46 $264.27 $277.34 $294.98 $290.64 $278.91
Certified 1-3 5.87 $257.68 $270.75 $288.39 $284.05 $272.32
Choice 1 3.79 $255.60 $268.67 $286.31 $281.97 $270.24
Select 1 -13.75 $238.06 $251.13 $268.77 $264.43 $252.70
Stndrd 1-3 -29.10 $222.71 $235.78 $253.42 $249.08 $237.35
Prime 4 -0.18 $251.63 $264.70 $282.34 $278.00 $266.27
Choice 4 -11.21 $240.60 $253.67 $271.31 $266.97 $255.24
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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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