Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Wed, Nov 23, 2022 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $233.08 $210.64
Change => -1.90 -0.29
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Current Index Reflects the Equivalent of 130,908 head of cattle.
SUPPLY (Live) 77,638 Hd
Equivalent: $225.59 $199.95
DEMAND (Box) 53,270 Hd*
Equivalent: $240.56 $221.33
Live-Box Spread: ($14.97) ($21.38)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $252.56
Weight Price Head : Se 600-900# $233.33
Live Steer: 1493 $153.25 42,920: Current Lds: 155.2
Live Heifer: 1333 $152.47 23,054: Previous Lds: 156.6
Drsd Steer: 973 $241.99 8,927
Drsd Heifer: 867 $242.22 2,737
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Grading % Breakdown : Drop Credit : 14.64
Ch 600-900# : 85.68%: Steer Dressing % : 63.06%
Ch 600-750# : 34.63%: Heifer Dressing %: 63.03%
Ch 750-900# : 51.04%: Processing Cost : 12.00
Se 600-900# : 14.32%: Slaughter Cost : 50.50
Se 600-750# : 3.74%:
Se 750-900# : 10.58%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 233.08 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -29.29 -17.11 -3.04 -15.71
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Prime 1-3 27.03 $230.82 $243.00 $260.11 $257.07 $244.40
Certified 1-3 6.21 $210.00 $222.18 $239.29 $236.25 $223.58
Choice 1 3.58 $207.37 $219.55 $236.66 $233.62 $220.95
Select 1 -21.59 $182.20 $194.38 $211.49 $208.45 $195.78
Stndrd 1-3 -33.94 $169.85 $182.03 $199.14 $196.10 $183.43
Prime 4 13.93 $217.72 $229.90 $247.01 $243.97 $231.30
Choice 4 -11.75 $192.04 $204.22 $221.33 $218.29 $205.62
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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