Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Wed, Jul 21, 2021 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $217.05 $199.10
Change => 0.74 0.66
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Current Index Reflects the Equivalent of 96,908 head of cattle.
SUPPLY (Live) 42,690 Hd
Equivalent: $180.86 $161.43
DEMAND (Box) 54,218 Hd*
Equivalent: $253.24 $236.77
Live-Box Spread: ($72.38) ($75.34)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $265.24
Weight Price Head : Se 600-900# $248.77
Live Steer: 1449 $123.58 19,016: Current Lds: 161.2
Live Heifer: 1279 $123.14 7,104: Previous Lds: 152.3
Drsd Steer: 918 $197.50 13,528
Drsd Heifer: 848 $198.36 3,042
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Grading % Breakdown : Drop Credit : 13.93
Ch 600-900# : 85.05%: Steer Dressing % : 63.54%
Ch 600-750# : 34.38%: Heifer Dressing %: 63.49%
Ch 750-900# : 50.67%: Processing Cost : 12.00
Se 600-900# : 14.95%: Slaughter Cost : 50.50
Se 600-750# : 3.90%:
Se 750-900# : 11.05%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 217.05 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 15.48 $205.39 $216.49 $232.53 $227.89 $216.46
Certified 1-3 5.23 $195.14 $206.24 $222.28 $217.64 $206.21
Choice 1 3.69 $193.60 $204.70 $220.74 $216.10 $204.67
Select 1 -15.23 $174.68 $185.78 $201.82 $197.18 $185.75
Stndrd 1-3 -31.20 $158.71 $169.81 $185.85 $181.21 $169.78
Prime 4 2.88 $192.79 $203.89 $219.93 $215.29 $203.86
Choice 4 -11.23 $178.68 $189.78 $205.82 $201.18 $189.75
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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
??????? 24 Hour recorded market information 515-284-4830
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