Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Wed, Jan 13, 2021 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $181.88 $169.71
Change => 0.44 unchgd
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Current Index Reflects the Equivalent of 150,347 head of cattle.
SUPPLY (Live) 93,990 Hd
Equivalent: $164.76 $152.35
DEMAND (Box) 56,357 Hd*
Equivalent: $199.00 $187.06
Live-Box Spread: ($34.24) ($34.71)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $211.00
Weight Price Head : Se 600-900# $199.06
Live Steer: 1498 $110.55 32,352: Current Lds: 143.1
Live Heifer: 1330 $110.78 15,308: Previous Lds: 171.6
Drsd Steer: 970 $174.59 36,338
Drsd Heifer: 854 $174.80 9,992
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Grading % Breakdown : Drop Credit : 9.29
Ch 600-900# : 86.70%: Steer Dressing % : 63.79%
Ch 600-750# : 35.04%: Heifer Dressing %: 63.86%
Ch 750-900# : 51.65%: Processing Cost : 12.00
Se 600-900# : 13.30%: Slaughter Cost : 50.50
Se 600-750# : 3.47%:
Se 750-900# : 9.83%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 181.88 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -31.15 -15.97 -4.34 -16.00
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Prime 1-3 15.82 $166.55 $181.73 $197.70 $193.36 $181.70
Certified 1-3 5.77 $156.50 $171.68 $187.65 $183.31 $171.65
Choice 1 3.71 $154.44 $169.62 $185.59 $181.25 $169.59
Select 1 -8.14 $142.59 $157.77 $173.74 $169.40 $157.74
Stndrd 1-3 -26.75 $123.98 $139.16 $155.13 $150.79 $139.13
Prime 4 2.93 $153.66 $168.84 $184.81 $180.47 $168.81
Choice 4 -11.50 $139.23 $154.41 $170.38 $166.04 $154.38
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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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