Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Thu, Jun 23, 2022 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $232.17 $212.22
Change => -1.39 -0.97
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Current Index Reflects the Equivalent of 95,921 head of cattle.
SUPPLY (Live) 49,661 Hd
Equivalent: $211.68 $191.51
DEMAND (Box) 46,260 Hd*
Equivalent: $252.66 $232.94
Live-Box Spread: ($40.98) ($41.43)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $264.66
Weight Price Head : Se 600-900# $244.94
Live Steer: 1418 $141.79 26,734: Current Lds: 104.2
Live Heifer: 1288 $140.08 13,276: Previous Lds: 156.5
Drsd Steer: 912 $234.66 5,644
Drsd Heifer: 843 $236.94 4,007
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Grading % Breakdown : Drop Credit : 13.79
Ch 600-900# : 84.00%: Steer Dressing % : 62.99%
Ch 600-750# : 33.96%: Heifer Dressing %: 63.03%
Ch 750-900# : 50.05%: Processing Cost : 12.00
Se 600-900# : 16.00%: Slaughter Cost : 50.50
Se 600-750# : 4.18%:
Se 750-900# : 11.82%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 232.17 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 16.74 $221.77 $232.87 $248.91 $245.87 $232.84
Certified 1-3 6.21 $211.24 $222.34 $238.38 $235.34 $222.31
Choice 1 3.58 $208.61 $219.71 $235.75 $232.71 $219.68
Select 1 -16.09 $188.94 $200.04 $216.08 $213.04 $200.01
Stndrd 1-3 -30.86 $174.17 $185.27 $201.31 $198.27 $185.24
Prime 4 4.16 $209.19 $220.29 $236.33 $233.29 $220.26
Choice 4 -11.23 $193.80 $204.90 $220.94 $217.90 $204.87
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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