Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Wed, Sep 16, 2020 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $178.17 $164.68
Change => -0.33 -0.86
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 117,904 head of cattle.
SUPPLY (Live) 55,205 Hd
Equivalent: $152.96 $136.86
DEMAND (Box) 62,699 Hd*
Equivalent: $203.38 $192.51
Live-Box Spread: ($50.42) ($55.65)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $215.38
Weight Price Head : Se 600-900# $204.51
Live Steer: 1448 $101.23 19,878: Current Lds: 166.2
Live Heifer: 1315 $100.90 13,189: Previous Lds: 159.3
Drsd Steer: 964 $160.66 17,295
Drsd Heifer: 876 $160.47 4,843
-----------------------------------------------------------------------------
Grading % Breakdown : Drop Credit : 7.91
Ch 600-900# : 86.16%: Steer Dressing % : 64.13%
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%:
-----------------------------------------------------------------------------
Equivalent Values for Outlying Beef Carcass Types
Basis Value = 178.17 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -30.71 -17.64 -4.34 -16.00
-----------------------------------------------------------------------------
Prime 1-3 13.13 $160.59 $173.66 $191.30 $186.96 $175.30
Certified 1-3 6.18 $153.64 $166.71 $184.35 $180.01 $168.35
Choice 1 3.79 $151.25 $164.32 $181.96 $177.62 $165.96
Select 1 -11.75 $135.71 $148.78 $166.42 $162.08 $150.42
Stndrd 1-3 -26.04 $121.42 $134.49 $152.13 $147.79 $136.13
Prime 4 -0.66 $146.80 $159.87 $177.51 $173.17 $161.51
Choice 4 -12.36 $135.10 $148.17 $165.81 $161.47 $149.81
-----------------------------------------------------------------------------
*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