Carcass Price Equivalent Index Value (Beef)

NW_LS410 ***Corrected Report***
Des Moines, IA Fri, May 20, 2022 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => *$229.25* *$212.69*
Change => *-0.08* *-1.84*
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Current Index Reflects the Equivalent of 111,731 head of cattle.
SUPPLY (Live) 72,374 Hd
Equivalent: *$208.32 *$194.37
DEMAND (Box) 39,357 Hd*
Equivalent: $250.17 $231.02
Live-Box Spread: *($41.85) *($36.65)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $262.17
Weight Price Head : Se 600-900# $243.02
Live Steer: 1423 $140.66 33,554: Current Lds: 89.6
Live Heifer: 1311 $140.61 16,848: Previous Lds: 86.4
Drsd Steer: 917 $225.90 15,599
Drsd Heifer: 827 $225.39 6,373
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Grading % Breakdown : Drop Credit : *13.46*
Ch 600-900# : 86.21%: Steer Dressing % : 63.03%
Ch 600-750# : 34.85%: Heifer Dressing %: 63.01%
Ch 750-900# : 51.36%: Processing Cost : 12.00
Se 600-900# : 13.79%: Slaughter Cost : 50.50
Se 600-750# : 3.60%:
Se 750-900# : 10.19%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 229.25 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 *$217.50 $228.60 $244.64 $241.60 $228.57
Certified 1-3 6.06 $208.17 $219.27 $235.31 $232.27 $219.24
Choice 1 3.58 $205.69 $216.79 $232.83 $229.79 $216.76
Select 1 -9.84 $192.27 $203.37 $219.41 $216.37 $203.34
Stndrd 1-3 -28.51 $173.60 $184.70 $200.74 $197.70 $184.67
Prime 4 2.81 $204.92 $216.02 $232.06 $229.02 $215.99
Choice 4 -11.23 $190.88 $201.98 $218.02 $214.98 $201.95*
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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
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