Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Fri, Jul 23, 2021 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $216.18 $198.11
Change => -0.03 -0.20
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Current Index Reflects the Equivalent of 112,569 head of cattle.
SUPPLY (Live) 61,094 Hd
Equivalent: $177.72 $158.28
DEMAND (Box) 51,475 Hd*
Equivalent: $254.63 $237.94
Live-Box Spread: ($76.91) ($79.66)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $266.63
Weight Price Head : Se 600-900# $249.94
Live Steer: 1441 $121.04 26,852: Current Lds: 130.5
Live Heifer: 1296 $120.21 10,656: Previous Lds: 117.5
Drsd Steer: 920 $197.16 20,318
Drsd Heifer: 844 $197.22 3,268
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Grading % Breakdown : Drop Credit : 14.07
Ch 600-900# : 85.05%: Steer Dressing % : 63.65%
Ch 600-750# : 34.38%: Heifer Dressing %: 63.61%
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 = 216.18 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 $204.52 $215.62 $231.66 $227.02 $215.59
Certified 1-3 5.23 $194.27 $205.37 $221.41 $216.77 $205.34
Choice 1 3.69 $192.73 $203.83 $219.87 $215.23 $203.80
Select 1 -15.23 $173.81 $184.91 $200.95 $196.31 $184.88
Stndrd 1-3 -31.20 $157.84 $168.94 $184.98 $180.34 $168.91
Prime 4 2.88 $191.92 $203.02 $219.06 $214.42 $202.99
Choice 4 -11.23 $177.81 $188.91 $204.95 $200.31 $188.88
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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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