Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, May 14, 2021     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $240.71             $221.06
 Change =>                       0.22               -1.23
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Current Index Reflects the Equivalent of 90,303 head of cattle.
SUPPLY (Live)  53,679 Hd
Equivalent:                   $176.48             $160.94
DEMAND (Box)   36,624 Hd*
Equivalent:                   $304.94             $281.19
Live-Box Spread:            ($128.46)           ($120.25)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $316.94
                  Weight   Price     Head      : Se 600-900#          $293.19
  Live Steer:          1447   $119.64    23,213: Current Lds:           107.0
  Live Heifer:         1313   $119.81    14,134: Previous Lds:          106.2
  Drsd Steer:           933   $190.31    13,771
  Drsd Heifer:          838   $190.67     2,561
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      Grading % Breakdown            :         Drop Credit      :       11.91
 Ch 600-900# :                 86.70%:         Steer Dressing % :      63.33%
 Ch 600-750# :                 35.05%:         Heifer Dressing %:      63.15%
 Ch 750-900# :                 51.65%:         Processing Cost  :       12.00
 Se 600-900# :                 13.30%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.47%:
 Se 750-900# :                  9.83%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 240.71                       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            14.41   $227.98   $239.08   $255.12   $250.48   $239.05
 Certified 1-3         6.80   $220.37   $231.47   $247.51   $242.87   $231.44
 Choice 1              3.69   $217.26   $228.36   $244.40   $239.76   $228.33
 Select 1            -11.31   $202.26   $213.36   $229.40   $224.76   $213.33
 Stndrd 1-3          -28.17   $185.40   $196.50   $212.54   $207.90   $196.47
 Prime 4               1.81   $215.38   $226.48   $242.52   $237.88   $226.45
 Choice 4            -11.23   $202.34   $213.44   $229.48   $224.84   $213.41
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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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