Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, Jan 22, 2021     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $186.62             $175.85
 Change =>                       0.79                1.51
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Current Index Reflects the Equivalent of 119,740 head of cattle.
SUPPLY (Live)  69,963 Hd
Equivalent:                   $162.43             $150.37
DEMAND (Box)   49,777 Hd*
Equivalent:                   $210.82             $201.34
Live-Box Spread:             ($48.39)            ($50.97)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $222.82
                  Weight   Price     Head      : Se 600-900#          $213.34
  Live Steer:          1485   $109.18    28,871: Current Lds:           143.0
  Live Heifer:         1334   $109.72    19,053: Previous Lds:          127.2
  Drsd Steer:           968   $172.59    16,609
  Drsd Heifer:          885   $172.47     5,430
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      Grading % Breakdown            :         Drop Credit      :        9.35
 Ch 600-900# :                 86.42%:         Steer Dressing % :      63.81%
 Ch 600-750# :                 34.93%:         Heifer Dressing %:      63.84%
 Ch 750-900# :                 51.48%:         Processing Cost  :       12.00
 Se 600-900# :                 13.58%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.55%:
 Se 750-900# :                 10.04%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 186.62                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -31.15    -15.97               -4.34    -16.00
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 Prime 1-3            15.96   $171.43   $186.61   $202.58   $198.24   $186.58
 Certified 1-3         6.02   $161.49   $176.67   $192.64   $188.30   $176.64
 Choice 1              3.71   $159.18   $174.36   $190.33   $185.99   $174.33
 Select 1             -7.79   $147.68   $162.86   $178.83   $174.49   $162.83
 Stndrd 1-3          -26.47   $129.00   $144.18   $160.15   $155.81   $144.15
 Prime 4               3.07   $158.54   $173.72   $189.69   $185.35   $173.69
 Choice 4            -11.50   $143.97   $159.15   $175.12   $170.78   $159.12
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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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