Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Fri, Jun 24, 2022 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $234.19 $214.12
Change => 2.02 1.90
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Current Index Reflects the Equivalent of 120,647 head of cattle.
SUPPLY (Live) 75,992 Hd
Equivalent: $215.40 $195.23
DEMAND (Box) 44,655 Hd*
Equivalent: $252.98 $233.02
Live-Box Spread: ($37.58) ($37.79)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $264.98
Weight Price Head : Se 600-900# $245.02
Live Steer: 1444 $144.76 37,400: Current Lds: 85.0
Live Heifer: 1287 $141.71 15,259: Previous Lds: 104.2
Drsd Steer: 914 $234.84 17,457
Drsd Heifer: 841 $236.67 5,876
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Grading % Breakdown : Drop Credit : 13.82
Ch 600-900# : 84.00%: Steer Dressing % : 63.12%
Ch 600-750# : 33.96%: Heifer Dressing %: 63.06%
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 = 234.19 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 16.74 $223.79 $234.89 $250.93 $247.89 $234.86
Certified 1-3 6.21 $213.26 $224.36 $240.40 $237.36 $224.33
Choice 1 3.58 $210.63 $221.73 $237.77 $234.73 $221.70
Select 1 -16.09 $190.96 $202.06 $218.10 $215.06 $202.03
Stndrd 1-3 -30.86 $176.19 $187.29 $203.33 $200.29 $187.26
Prime 4 4.16 $211.21 $222.31 $238.35 $235.31 $222.28
Choice 4 -11.23 $195.82 $206.92 $222.96 $219.92 $206.89
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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