Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Tue, Nov 29, 2022 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $236.48 $210.37
Change => 0.12 -1.33
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Current Index Reflects the Equivalent of 125,591 head of cattle.
SUPPLY (Live) 79,857 Hd
Equivalent: $230.23 $206.91
DEMAND (Box) 45,734 Hd*
Equivalent: $242.74 $213.82
Live-Box Spread: ($12.51) ($6.91)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $254.74
Weight Price Head : Se 600-900# $225.82
Live Steer: 1496 $156.11 44,694: Current Lds: 151.7
Live Heifer: 1323 $156.11 22,414: Previous Lds: 85.3
Drsd Steer: 966 $244.99 9,431
Drsd Heifer: 856 $245.04 3,318
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Grading % Breakdown : Drop Credit : 14.66
Ch 600-900# : 84.92%: Steer Dressing % : 63.04%
Ch 600-750# : 34.33%: Heifer Dressing %: 63.00%
Ch 750-900# : 50.59%: Processing Cost : 12.00
Se 600-900# : 15.08%: Slaughter Cost : 50.50
Se 600-750# : 3.94%:
Se 750-900# : 11.14%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 236.48 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 26.81 $234.00 $246.18 $263.29 $260.25 $247.58
Certified 1-3 6.21 $213.40 $225.58 $242.69 $239.65 $226.98
Choice 1 3.58 $210.77 $222.95 $240.06 $237.02 $224.35
Select 1 -19.25 $187.94 $200.12 $217.23 $214.19 $201.52
Stndrd 1-3 -33.36 $173.83 $186.01 $203.12 $200.08 $187.41
Prime 4 13.71 $220.90 $233.08 $250.19 $247.15 $234.48
Choice 4 -11.75 $195.44 $207.62 $224.73 $221.69 $209.02
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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
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