Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Thu, May 06, 2021     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $234.26             $218.94
 Change =>                       0.53                1.33
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Current Index Reflects the Equivalent of 101,883 head of cattle.
SUPPLY (Live)  63,937 Hd
Equivalent:                   $174.15             $160.51
DEMAND (Box)   37,946 Hd*
Equivalent:                   $294.37             $277.36
Live-Box Spread:            ($120.22)           ($116.85)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $306.37
                  Weight   Price     Head      : Se 600-900#          $289.36
  Live Steer:          1456   $118.57    27,350: Current Lds:            99.8
  Live Heifer:         1303   $118.37    14,500: Previous Lds:          121.4
  Drsd Steer:           928   $189.00    17,511
  Drsd Heifer:          836   $189.38     4,576
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      Grading % Breakdown            :         Drop Credit      :       11.86
 Ch 600-900# :                 86.92%:         Steer Dressing % :      63.48%
 Ch 600-750# :                 35.13%:         Heifer Dressing %:      63.44%
 Ch 750-900# :                 51.78%:         Processing Cost  :       12.00
 Se 600-900# :                 13.08%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.42%:
 Se 750-900# :                  9.67%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 234.26                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.14    -16.04               -4.64    -16.07
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 Prime 1-3            14.62   $221.74   $232.84   $248.88   $244.24   $232.81
 Certified 1-3         6.66   $213.78   $224.88   $240.92   $236.28   $224.85
 Choice 1              3.69   $210.81   $221.91   $237.95   $233.31   $221.88
 Select 1             -9.40   $197.72   $208.82   $224.86   $220.22   $208.79
 Stndrd 1-3          -27.55   $179.57   $190.67   $206.71   $202.07   $190.64
 Prime 4               2.02   $209.14   $220.24   $236.28   $231.64   $220.21
 Choice 4            -11.23   $195.89   $206.99   $223.03   $218.39   $206.96
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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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