Carcass Price Equivalent Index Value (Beef)
NW_LS410
Des Moines, IA Fri, Mar 24, 2023 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $257.72 $245.02
Change => -1.32 0.07
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Current Index Reflects the Equivalent of 117,495 head of cattle.
SUPPLY (Live) 71,631 Hd
Equivalent: $247.57 $233.29
DEMAND (Box) 45,864 Hd*
Equivalent: $267.88 $256.75
Live-Box Spread: ($20.31) ($23.46)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $279.88
Weight Price Head : Se 600-900# $268.75
Live Steer: 1468 $164.53 40,519: Current Lds: 108.1
Live Heifer: 1320 $163.96 17,474: Previous Lds: 118.9
Drsd Steer: 934 $265.01 11,396
Drsd Heifer: 840 $264.87 2,242
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Grading % Breakdown : Drop Credit : 12.82
Ch 600-900# : 88.43%: Steer Dressing % : 62.63%
Ch 600-750# : 35.75%: Heifer Dressing %: 62.47%
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 = 257.72 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 $245.65 $257.83 $274.94 $271.90 $259.23
Certified 1-3 6.06 $234.49 $246.67 $263.78 $260.74 $248.07
Choice 1 3.58 $232.01 $244.19 $261.30 $258.26 $245.59
Select 1 -10.17 $218.26 $230.44 $247.55 $244.51 $231.84
Stndrd 1-3 -28.94 $199.49 $211.67 $228.78 $225.74 $213.07
Prime 4 4.12 $232.55 $244.73 $261.84 $258.80 $246.13
Choice 4 -11.75 $216.68 $228.86 $245.97 $242.93 $230.26
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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