Carcass Price Equivalent Index Value (Beef)

NW_LS410  **This report will not be published on Thursday, 11/25/21 due to Federal Holiday**
Des Moines, IA Wed, Nov 24, 2021 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $230.66 $213.92
Change => 1.18 1.35
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Current Index Reflects the Equivalent of 187,837 head of cattle.
SUPPLY (Live) 132,125 Hd
Equivalent: $194.21 $176.36
DEMAND (Box) 55,712 Hd*
Equivalent: $267.11 $251.47
Live-Box Spread: ($72.90) ($75.11)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $279.11
Weight Price Head : Se 600-900# $263.47
Live Steer: 1493 $134.21 68,274: Current Lds: 129.3
Live Heifer: 1336 $134.47 33,646: Previous Lds: 193.0
Drsd Steer: 965 $210.73 22,088
Drsd Heifer: 869 $211.39 8,117
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Grading % Breakdown : Drop Credit : 15.02
Ch 600-900# : 84.94%: Steer Dressing % : 62.93%
Ch 600-750# : 34.34%: Heifer Dressing %: 62.89%
Ch 750-900# : 50.61%: Processing Cost : 12.00
Se 600-900# : 15.06%: Slaughter Cost : 50.50
Se 600-750# : 3.93%:
Se 750-900# : 11.13%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 230.66 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -27.14 -16.04 -3.04 -16.07
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Prime 1-3 25.46 $228.98 $240.08 $256.12 $253.08 $240.05
Certified 1-3 6.35 $209.87 $220.97 $237.01 $233.97 $220.94
Choice 1 3.58 $207.10 $218.20 $234.24 $231.20 $218.17
Select 1 -13.75 $189.77 $200.87 $216.91 $213.87 $200.84
Stndrd 1-3 -30.86 $172.66 $183.76 $199.80 $196.76 $183.73
Prime 4 12.88 $216.40 $227.50 $243.54 $240.50 $227.47
Choice 4 -11.23 $192.29 $203.39 $219.43 $216.39 $203.36
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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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