Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Fri, May 27, 2022 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $229.64 $212.71
Change => 0.88 1.19
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Current Index Reflects the Equivalent of 103,749 head of cattle.
SUPPLY (Live) 56,378 Hd
Equivalent: $205.86 $190.91
DEMAND (Box) 47,371 Hd*
Equivalent: $253.42 $234.50
Live-Box Spread: ($47.56) ($43.59)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $265.42
Weight Price Head : Se 600-900# $246.50
Live Steer: 1417 $139.25 27,926: Current Lds: 105.9
Live Heifer: 1275 $138.43 10,757: Previous Lds: 134.0
Drsd Steer: 912 $224.48 11,986
Drsd Heifer: 820 $223.29 5,709
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Grading % Breakdown : Drop Credit : 13.36
Ch 600-900# : 85.36%: Steer Dressing % : 63.42%
Ch 600-750# : 34.50%: Heifer Dressing %: 63.45%
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 = 229.64 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 $217.96 $229.06 $245.10 $242.06 $229.03
Certified 1-3 5.64 $208.14 $219.24 $235.28 $232.24 $219.21
Choice 1 3.58 $206.08 $217.18 $233.22 $230.18 $217.15
Select 1 -10.84 $191.66 $202.76 $218.80 $215.76 $202.73
Stndrd 1-3 -28.72 $173.78 $184.88 $200.92 $197.88 $184.85
Prime 4 2.88 $205.38 $216.48 $232.52 $229.48 $216.45
Choice 4 -11.23 $191.27 $202.37 $218.41 $215.37 $202.34
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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