Carcass Price Equivalent Index Value (Beef)
NW_LS410
Des Moines, IA Thu, Mar 23, 2023 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $259.04 $244.95
Change => 1.02 -0.19
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Current Index Reflects the Equivalent of 114,194 head of cattle.
SUPPLY (Live) 70,536 Hd
Equivalent: $247.30 $233.02
DEMAND (Box) 43,658 Hd*
Equivalent: $270.78 $256.89
Live-Box Spread: ($23.48) ($23.87)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $282.78
Weight Price Head : Se 600-900# $268.89
Live Steer: 1469 $164.40 39,465: Current Lds: 118.9
Live Heifer: 1319 $163.90 17,044: Previous Lds: 146.8
Drsd Steer: 936 $264.95 11,880
Drsd Heifer: 839 $264.82 2,147
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Grading % Breakdown : Drop Credit : 12.94
Ch 600-900# : 88.43%: Steer Dressing % : 62.61%
Ch 600-750# : 35.75%: Heifer Dressing %: 62.45%
Ch 750-900# : 52.68%: Processing Cost : 12.00
Se 600-900# : 11.57%: Slaughter Cost : 50.50
Se 600-750# : 3.02%:
Se 750-900# : 8.55%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 259.04 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 17.22 $246.97 $259.15 $276.26 $273.22 $260.55
Certified 1-3 6.06 $235.81 $247.99 $265.10 $262.06 $249.39
Choice 1 3.58 $233.33 $245.51 $262.62 $259.58 $246.91
Select 1 -10.17 $219.58 $231.76 $248.87 $245.83 $233.16
Stndrd 1-3 -28.94 $200.81 $212.99 $230.10 $227.06 $214.39
Prime 4 4.12 $233.87 $246.05 $263.16 $260.12 $247.45
Choice 4 -11.75 $218.00 $230.18 $247.29 $244.25 $231.58
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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