Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Fri, Aug 05, 2022 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $231.13 $205.79
Change => -0.54 -0.55
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Current Index Reflects the Equivalent of 130,041 head of cattle.
SUPPLY (Live) 92,771 Hd
Equivalent: $209.64 $184.91
DEMAND (Box) 37,270 Hd*
Equivalent: $252.62 $226.67
Live-Box Spread: ($42.98) ($41.76)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $264.62
Weight Price Head : Se 600-900# $238.67
Live Steer: 1441 $141.17 48,019: Current Lds: 108.4
Live Heifer: 1304 $138.88 17,088: Previous Lds: 109.3
Drsd Steer: 935 $227.80 22,269
Drsd Heifer: 837 $227.46 5,395
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Grading % Breakdown : Drop Credit : 13.79
Ch 600-900# : 84.55%: Steer Dressing % : 63.36%
Ch 600-750# : 34.18%: Heifer Dressing %: 63.27%
Ch 750-900# : 50.37%: Processing Cost : 12.00
Se 600-900# : 15.45%: Slaughter Cost : 50.50
Se 600-750# : 4.03%:
Se 750-900# : 11.42%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 231.13 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -29.29 -17.11 -3.04 -16.07
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Prime 1-3 19.96 $221.80 $233.98 $251.09 $248.05 $235.02
Certified 1-3 5.64 $207.48 $219.66 $236.77 $233.73 $220.70
Choice 1 3.58 $205.42 $217.60 $234.71 $231.67 $218.64
Select 1 -20.67 $181.17 $193.35 $210.46 $207.42 $194.39
Stndrd 1-3 -32.58 $169.26 $181.44 $198.55 $195.51 $182.48
Prime 4 7.38 $209.22 $221.40 $238.51 $235.47 $222.44
Choice 4 -11.23 $190.61 $202.79 $219.90 $216.86 $203.83
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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