Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Tue, Sep 15, 2020 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $178.50 $165.54
Change => -0.62 -0.80
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Current Index Reflects the Equivalent of 121,423 head of cattle.
SUPPLY (Live) 57,275 Hd
Equivalent: $152.91 $136.81
DEMAND (Box) 64,148 Hd*
Equivalent: $204.09 $194.28
Live-Box Spread: ($51.18) ($57.47)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $216.09
Weight Price Head : Se 600-900# $206.28
Live Steer: 1453 $101.22 21,460: Current Lds: 159.3
Live Heifer: 1318 $100.88 13,639: Previous Lds: 149.0
Drsd Steer: 964 $160.66 17,333
Drsd Heifer: 876 $160.47 4,843
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Grading % Breakdown : Drop Credit : 7.91
Ch 600-900# : 86.16%: Steer Dressing % : 64.12%
Ch 600-750# : 34.83%: Heifer Dressing %: 64.04%
Ch 750-900# : 51.33%: Processing Cost : 12.00
Se 600-900# : 13.84%: Slaughter Cost : 50.50
Se 600-750# : 3.61%:
Se 750-900# : 10.23%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 178.50 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 13.13 $160.92 $173.99 $191.63 $187.29 $175.63
Certified 1-3 6.18 $153.97 $167.04 $184.68 $180.34 $168.68
Choice 1 3.79 $151.58 $164.65 $182.29 $177.95 $166.29
Select 1 -11.75 $136.04 $149.11 $166.75 $162.41 $150.75
Stndrd 1-3 -26.04 $121.75 $134.82 $152.46 $148.12 $136.46
Prime 4 -0.66 $147.13 $160.20 $177.84 $173.50 $161.84
Choice 4 -12.36 $135.43 $148.50 $166.14 $161.80 $150.14
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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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