Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Thu, Oct 15, 2020 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $180.07 $167.33
Change => -0.51 -1.56
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Current Index Reflects the Equivalent of 196,810 head of cattle.
SUPPLY (Live) 135,574 Hd
Equivalent: $161.66 $150.16
DEMAND (Box) 61,236 Hd*
Equivalent: $198.48 $184.50
Live-Box Spread: ($36.82) ($34.34)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $210.48
Weight Price Head : Se 600-900# $196.50
Live Steer: 1472 $107.96 67,979: Current Lds: 235.9
Live Heifer: 1312 $108.29 28,944: Previous Lds: 172.8
Drsd Steer: 969 $169.37 29,036
Drsd Heifer: 855 $169.34 9,615
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Grading % Breakdown : Drop Credit : 8.39
Ch 600-900# : 85.14%: Steer Dressing % : 63.89%
Ch 600-750# : 34.42%: Heifer Dressing %: 63.91%
Ch 750-900# : 50.73%: Processing Cost : 12.00
Se 600-900# : 14.86%: Slaughter Cost : 50.50
Se 600-750# : 3.88%:
Se 750-900# : 10.98%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 180.07 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 14.73 $164.09 $177.16 $194.80 $190.46 $178.80
Certified 1-3 5.93 $155.29 $168.36 $186.00 $181.66 $170.00
Choice 1 3.79 $153.15 $166.22 $183.86 $179.52 $167.86
Select 1 -7.13 $142.23 $155.30 $172.94 $168.60 $156.94
Stndrd 1-3 -25.10 $124.26 $137.33 $154.97 $150.63 $138.97
Prime 4 1.66 $151.02 $164.09 $181.73 $177.39 $165.73
Choice 4 -11.64 $137.72 $150.79 $168.43 $164.09 $152.43
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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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