Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Tue, Aug 04, 2020 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $171.76 $158.12
Change => -0.32 -0.08
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Current Index Reflects the Equivalent of 134,739 head of cattle.
SUPPLY (Live) 84,289 Hd
Equivalent: $151.28 $137.79
DEMAND (Box) 50,450 Hd*
Equivalent: $192.24 $178.45
Live-Box Spread: ($40.96) ($40.66)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $204.24
Weight Price Head : Se 600-900# $190.45
Live Steer: 1442 $98.98 36,352: Current Lds: 160.1
Live Heifer: 1300 $98.16 19,587: Previous Lds: 103.8
Drsd Steer: 922 $159.57 22,174
Drsd Heifer: 830 $160.00 6,176
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Grading % Breakdown : Drop Credit : 7.27
Ch 600-900# : 86.37%: Steer Dressing % : 63.76%
Ch 600-750# : 34.91%: Heifer Dressing %: 63.77%
Ch 750-900# : 51.46%: Processing Cost : 12.00
Se 600-900# : 13.63%: Slaughter Cost : 50.50
Se 600-750# : 3.56%:
Se 750-900# : 10.07%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 171.76 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -30.71 -17.64 -4.34 -16.00
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Prime 1-3 12.40 $153.45 $166.52 $184.16 $179.82 $168.16
Certified 1-3 5.18 $146.23 $159.30 $176.94 $172.60 $160.94
Choice 1 3.79 $144.84 $157.91 $175.55 $171.21 $159.55
Select 1 -9.13 $131.92 $144.99 $162.63 $158.29 $146.63
Stndrd 1-3 -21.17 $119.88 $132.95 $150.59 $146.25 $134.59
Prime 4 -0.24 $140.81 $153.88 $171.52 $167.18 $155.52
Choice 4 -11.21 $129.84 $142.91 $160.55 $156.21 $144.55
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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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