Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Fri, Jul 30, 2021 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $222.13 $203.52
Change => 1.35 0.91
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Current Index Reflects the Equivalent of 97,286 head of cattle.
SUPPLY (Live) 50,204 Hd
Equivalent: $177.79 $159.85
DEMAND (Box) 47,082 Hd*
Equivalent: $266.46 $247.19
Live-Box Spread: ($88.67) ($87.34)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $278.46
Weight Price Head : Se 600-900# $259.19
Live Steer: 1427 $121.35 20,107: Current Lds: 116.8
Live Heifer: 1318 $121.19 10,173: Previous Lds: 111.6
Drsd Steer: 932 $197.28 16,730
Drsd Heifer: 827 $196.76 3,194
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Grading % Breakdown : Drop Credit : 14.32
Ch 600-900# : 84.48%: Steer Dressing % : 63.62%
Ch 600-750# : 34.15%: Heifer Dressing %: 63.57%
Ch 750-900# : 50.33%: Processing Cost : 12.00
Se 600-900# : 15.52%: Slaughter Cost : 50.50
Se 600-750# : 4.05%:
Se 750-900# : 11.47%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 222.13 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 17.33 $212.32 $223.42 $239.46 $234.82 $223.39
Certified 1-3 5.08 $200.07 $211.17 $227.21 $222.57 $211.14
Choice 1 3.69 $198.68 $209.78 $225.82 $221.18 $209.75
Select 1 -13.73 $181.26 $192.36 $208.40 $203.76 $192.33
Stndrd 1-3 -30.13 $164.86 $175.96 $192.00 $187.36 $175.93
Prime 4 4.73 $199.72 $210.82 $226.86 $222.22 $210.79
Choice 4 -11.23 $183.76 $194.86 $210.90 $206.26 $194.83
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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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