Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Fri, Aug 12, 2022 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $233.17 $209.00
Change => 0.73 1.66
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Current Index Reflects the Equivalent of 128,494 head of cattle.
SUPPLY (Live) 85,373 Hd
Equivalent: $214.96 $190.40
DEMAND (Box) 43,121 Hd*
Equivalent: $251.37 $227.59
Live-Box Spread: ($36.41) ($37.19)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $263.37
Weight Price Head : Se 600-900# $239.59
Live Steer: 1455 $144.69 46,926: Current Lds: 89.4
Live Heifer: 1323 $143.82 20,180: Previous Lds: 103.2
Drsd Steer: 934 $229.82 15,400
Drsd Heifer: 851 $229.35 2,867
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Grading % Breakdown : Drop Credit : 13.79
Ch 600-900# : 83.92%: Steer Dressing % : 63.09%
Ch 600-750# : 33.92%: Heifer Dressing %: 63.12%
Ch 750-900# : 49.99%: Processing Cost : 12.00
Se 600-900# : 16.08%: Slaughter Cost : 50.50
Se 600-750# : 4.20%:
Se 750-900# : 11.89%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 233.17 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 20.35 $224.23 $236.41 $253.52 $250.48 $237.45
Certified 1-3 5.64 $209.52 $221.70 $238.81 $235.77 $222.74
Choice 1 3.58 $207.46 $219.64 $236.75 $233.71 $220.68
Select 1 -20.50 $183.38 $195.56 $212.67 $209.63 $196.60
Stndrd 1-3 -32.72 $171.16 $183.34 $200.45 $197.41 $184.38
Prime 4 7.77 $211.65 $223.83 $240.94 $237.90 $224.87
Choice 4 -11.23 $192.65 $204.83 $221.94 $218.90 $205.87
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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