Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Mon, Jun 21, 2021 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $245.74 $212.17
Change => -0.18 -2.25
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Current Index Reflects the Equivalent of 104,433 head of cattle.
SUPPLY (Live) 62,136 Hd
Equivalent: $182.29 $154.89
DEMAND (Box) 42,297 Hd*
Equivalent: $309.20 $269.46
Live-Box Spread: ($126.91) ($114.57)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $321.20
Weight Price Head : Se 600-900# $281.46
Live Steer: 1433 $122.92 29,908: Current Lds: 89.9
Live Heifer: 1304 $122.59 15,104: Previous Lds: 87.0
Drsd Steer: 948 $195.80 14,259
Drsd Heifer: 828 $194.93 2,865
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Grading % Breakdown : Drop Credit : 12.82
Ch 600-900# : 85.37%: Steer Dressing % : 63.21%
Ch 600-750# : 34.51%: Heifer Dressing %: 63.14%
Ch 750-900# : 50.86%: Processing Cost : 12.00
Se 600-900# : 14.63%: Slaughter Cost : 50.50
Se 600-750# : 3.82%:
Se 750-900# : 10.81%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 245.74 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -27.14 -16.04 -4.64 -16.07
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Prime 1-3 14.05 $232.65 $243.75 $259.79 $255.15 $243.72
Certified 1-3 6.66 $225.26 $236.36 $252.40 $247.76 $236.33
Choice 1 3.69 $222.29 $233.39 $249.43 $244.79 $233.36
Select 1 -23.23 $195.37 $206.47 $222.51 $217.87 $206.44
Stndrd 1-3 -33.86 $184.74 $195.84 $211.88 $207.24 $195.81
Prime 4 1.45 $220.05 $231.15 $247.19 $242.55 $231.12
Choice 4 -11.23 $207.37 $218.47 $234.51 $229.87 $218.44
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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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