Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Mon, Sep 20, 2021 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $241.88 $211.48
Change => 0.62 0.28
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 102,469 head of cattle.
SUPPLY (Live) 49,457 Hd
Equivalent: $180.10 $154.21
DEMAND (Box) 53,012 Hd*
Equivalent: $303.66 $268.75
Live-Box Spread: ($123.56) ($114.54)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $315.66
Weight Price Head : Se 600-900# $280.75
Live Steer: 1481 $124.03 19,339: Current Lds: 84.0
Live Heifer: 1333 $124.10 9,257: Previous Lds: 154.6
Drsd Steer: 956 $198.57 15,234
Drsd Heifer: 845 $198.94 5,627
-----------------------------------------------------------------------------
Grading % Breakdown : Drop Credit : 15.27
Ch 600-900# : 85.09%: Steer Dressing % : 63.39%
Ch 600-750# : 34.39%: Heifer Dressing %: 63.32%
Ch 750-900# : 50.69%: Processing Cost : 12.00
Se 600-900# : 14.91%: Slaughter Cost : 50.50
Se 600-750# : 3.89%:
Se 750-900# : 11.02%:
-----------------------------------------------------------------------------
Equivalent Values for Outlying Beef Carcass Types
Basis Value = 241.88 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -27.14 -16.04 -3.04 -16.07
-----------------------------------------------------------------------------
Prime 1-3 21.24 $235.98 $247.08 $263.12 $260.08 $247.05
Certified 1-3 6.35 $221.09 $232.19 $248.23 $245.19 $232.16
Choice 1 3.58 $218.32 $229.42 $245.46 $242.42 $229.39
Select 1 -21.84 $192.90 $204.00 $220.04 $217.00 $203.97
Stndrd 1-3 -34.36 $180.38 $191.48 $207.52 $204.48 $191.45
Prime 4 8.66 $223.40 $234.50 $250.54 $247.50 $234.47
Choice 4 -11.23 $203.51 $214.61 $230.65 $227.61 $214.58
-----------------------------------------------------------------------------
*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
??????? www.ams.usda.gov/mnreports/NW_LS410.txt
??????? www.ams.usda.gov/LPSMarketNewsPage