Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Tue, May 24, 2022 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $230.05 $213.42
Change => -0.42 0.45
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Current Index Reflects the Equivalent of 111,992 head of cattle.
SUPPLY (Live) 66,849 Hd
Equivalent: $208.45 $193.50
DEMAND (Box) 45,143 Hd*
Equivalent: $251.65 $233.35
Live-Box Spread: ($43.20) ($39.85)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $263.65
Weight Price Head : Se 600-900# $245.35
Live Steer: 1420 $140.43 32,423: Current Lds: 165.0
Live Heifer: 1304 $140.05 12,832: Previous Lds: 124.9
Drsd Steer: 919 $225.79 15,180
Drsd Heifer: 828 $225.41 6,414
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Grading % Breakdown : Drop Credit : 13.44
Ch 600-900# : 85.36%: Steer Dressing % : 63.02%
Ch 600-750# : 34.50%: Heifer Dressing %: 63.06%
Ch 750-900# : 50.85%: Processing Cost : 12.00
Se 600-900# : 14.64%: Slaughter Cost : 50.50
Se 600-750# : 3.82%:
Se 750-900# : 10.82%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 230.05 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 15.46 $218.37 $229.47 $245.51 $242.47 $229.44
Certified 1-3 5.64 $208.55 $219.65 $235.69 $232.65 $219.62
Choice 1 3.58 $206.49 $217.59 $233.63 $230.59 $217.56
Select 1 -10.84 $192.07 $203.17 $219.21 $216.17 $203.14
Stndrd 1-3 -28.72 $174.19 $185.29 $201.33 $198.29 $185.26
Prime 4 2.88 $205.79 $216.89 $232.93 $229.89 $216.86
Choice 4 -11.23 $191.68 $202.78 $218.82 $215.78 $202.75
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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