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Beef Carcass Price Equivalent Index Value USDA - Thu Oct 29, 8:48PM UTC NW_LS410 ***Corrected Report***
Des Moines, IA Thu, Oct 29, 2020 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => *$175.34* $158.83
Change => *0.24* 0.30
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Current Index Reflects the Equivalent of 74,216 head of cattle.
SUPPLY (Live) 15,180 Hd
Equivalent: $155.36 $138.43
DEMAND (Box) 59,036 Hd*
Equivalent: *$195.32* $179.23
Live-Box Spread: ($39.96) ($40.80)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# *$207.32*
Weight Price Head : Se 600-900# $191.23
Live Steer: 1500 $104.41 7,417: Current Lds: *156.2*
Live Heifer: 1347 $103.72 2,557: Previous Lds: 172.6
Drsd Steer: 1000 $161.78 4,538
Drsd Heifer: 859 $163.75 668
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Grading % Breakdown : Drop Credit : 8.38
Ch 600-900# : 85.67%: Steer Dressing % : 64.14%
Ch 600-750# : 34.63%: Heifer Dressing %: 64.23%
Ch 750-900# : 51.04%: Processing Cost : 12.00
Se 600-900# : 14.33%: Slaughter Cost : 50.50
Se 600-750# : 3.74%:
Se 750-900# : 10.59%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = *175.34* Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -30.71 -17.64 -4.34 -16.00
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Prime 1-3 14.86 *$159.49 $172.56 $190.20 $185.86 $174.20
Certified 1-3 5.93 $150.56 $163.63 $181.27 $176.93 $165.27
Choice 1 3.79 $148.42 $161.49 $179.13 $174.79 $163.13
Select 1 -12.59 $132.04 $145.11 $162.75 $158.41 $146.75
Stndrd 1-3 -27.44 $117.19 $130.26 $147.90 $143.56 $131.90
Prime 4 1.79 $146.42 $159.49 $177.13 $172.79 $161.13
Choice 4 -11.64 $132.99 $146.06 $163.70 $159.36 $147.70*
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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
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