Carcass Price Equivalent Index Value (Beef)
NW_LS410
Des Moines, IA Thu, May 25, 2023 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $277.67 $260.92
Change => 1.90 1.45
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Current Index Reflects the Equivalent of 153,992 head of cattle.
SUPPLY (Live) 112,794 Hd
Equivalent: $267.40 $249.31
DEMAND (Box) 41,198 Hd*
Equivalent: $287.94 $272.54
Live-Box Spread: ($20.54) ($23.23)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $299.94
Weight Price Head : Se 600-900# $284.54
Live Steer: 1409 $176.69 66,143: Current Lds: 103.5
Live Heifer: 1289 $175.66 25,326: Previous Lds: 133.2
Drsd Steer: 915 $283.11 15,732
Drsd Heifer: 819 $283.06 5,593
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Grading % Breakdown : Drop Credit : 12.74
Ch 600-900# : 86.29%: Steer Dressing % : 62.81%
Ch 600-750# : 34.88%: Heifer Dressing %: 62.79%
Ch 750-900# : 51.41%: Processing Cost : 12.00
Se 600-900# : 13.71%: Slaughter Cost : 50.50
Se 600-750# : 3.58%:
Se 750-900# : 10.13%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 277.67 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 14.89 $263.27 $275.45 $292.56 $289.52 $276.85
Certified 1-3 5.64 $254.02 $266.20 $283.31 $280.27 $267.60
Choice 1 3.58 $251.96 $264.14 $281.25 $278.21 $265.54
Select 1 -14.00 $234.38 $246.56 $263.67 $260.63 $247.96
Stndrd 1-3 -31.29 $217.09 $229.27 $246.38 $243.34 $230.67
Prime 4 1.62 $250.00 $262.18 $279.29 $276.25 $263.58
Choice 4 -11.92 $236.46 $248.64 $265.75 $262.71 $250.04
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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