Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Fri, May 13, 2022 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $229.19 $215.11
Change => 1.29 0.19
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Current Index Reflects the Equivalent of 129,250 head of cattle.
SUPPLY (Live) 73,277 Hd
Equivalent: $211.43 $198.31
DEMAND (Box) 55,973 Hd*
Equivalent: $246.95 $231.90
Live-Box Spread: ($35.52) ($33.59)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $258.95
Weight Price Head : Se 600-900# $243.90
Live Steer: 1435 $142.52 31,981: Current Lds: 92.0
Live Heifer: 1300 $141.66 14,375: Previous Lds: 137.0
Drsd Steer: 915 $228.66 22,384
Drsd Heifer: 832 $229.78 4,537
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Grading % Breakdown : Drop Credit : 13.35
Ch 600-900# : 86.00%: Steer Dressing % : 62.99%
Ch 600-750# : 34.76%: Heifer Dressing %: 62.79%
Ch 750-900# : 51.24%: Processing Cost : 12.00
Se 600-900# : 14.00%: Slaughter Cost : 50.50
Se 600-750# : 3.65%:
Se 750-900# : 10.34%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 229.19 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 15.39 $217.44 $228.54 $244.58 $241.54 $228.51
Certified 1-3 5.92 $207.97 $219.07 $235.11 $232.07 $219.04
Choice 1 3.58 $205.63 $216.73 $232.77 $229.73 $216.70
Select 1 -9.00 $193.05 $204.15 $220.19 $217.15 $204.12
Stndrd 1-3 -28.29 $173.76 $184.86 $200.90 $197.86 $184.83
Prime 4 2.81 $204.86 $215.96 $232.00 $228.96 $215.93
Choice 4 -11.23 $190.82 $201.92 $217.96 $214.92 $201.89
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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
www.ams.usda.gov/mnreports/NW_LS410.txt
www.ams.usda.gov/LPSMarketNewsPage