Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Fri, Jul 01, 2022 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $233.49 $212.05
Change => -0.82 -0.78
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Current Index Reflects the Equivalent of 98,714 head of cattle.
SUPPLY (Live) 55,715 Hd
Equivalent: $215.17 $195.62
DEMAND (Box) 42,999 Hd*
Equivalent: $251.82 $228.47
Live-Box Spread: ($36.65) ($32.85)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $263.82
Weight Price Head : Se 600-900# $240.47
Live Steer: 1437 $146.36 26,749: Current Lds: 101.0
Live Heifer: 1289 $144.69 13,729: Previous Lds: 101.7
Drsd Steer: 913 $234.58 10,940
Drsd Heifer: 838 $234.32 4,297
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Grading % Breakdown : Drop Credit : 13.95
Ch 600-900# : 83.71%: Steer Dressing % : 63.98%
Ch 600-750# : 33.84%: Heifer Dressing %: 63.74%
Ch 750-900# : 49.87%: Processing Cost : 12.00
Se 600-900# : 16.29%: Slaughter Cost : 50.50
Se 600-750# : 4.25%:
Se 750-900# : 12.04%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 233.49 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 16.85 $223.20 $234.30 $250.34 $247.30 $234.27
Certified 1-3 6.06 $212.41 $223.51 $239.55 $236.51 $223.48
Choice 1 3.58 $209.93 $221.03 $237.07 $234.03 $221.00
Select 1 -15.46 $190.89 $201.99 $218.03 $214.99 $201.96
Stndrd 1-3 -30.69 $175.66 $186.76 $202.80 $199.76 $186.73
Prime 4 4.27 $210.62 $221.72 $237.76 $234.72 $221.69
Choice 4 -11.23 $195.12 $206.22 $222.26 $219.22 $206.19
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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