Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Wed, Jan 20, 2021     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $184.77             $172.92
 Change =>                       0.48                0.19
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Current Index Reflects the Equivalent of 94,136 head of cattle.
SUPPLY (Live)  43,901 Hd
Equivalent:                   $162.63             $150.57
DEMAND (Box)   50,235 Hd*
Equivalent:                   $206.91             $195.28
Live-Box Spread:             ($44.28)            ($44.71)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $218.91
                  Weight   Price     Head      : Se 600-900#          $207.28
  Live Steer:          1481   $109.13    20,030: Current Lds:           136.3
  Live Heifer:         1353   $109.45     7,136: Previous Lds:          147.9
  Drsd Steer:           966   $172.49    11,539
  Drsd Heifer:          890   $172.11     5,196
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      Grading % Breakdown            :         Drop Credit      :        9.24
 Ch 600-900# :                 86.42%:         Steer Dressing % :      63.66%
 Ch 600-750# :                 34.93%:         Heifer Dressing %:      63.63%
 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 = 184.77                       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   $169.58   $184.76   $200.73   $196.39   $184.73
 Certified 1-3         6.02   $159.64   $174.82   $190.79   $186.45   $174.79
 Choice 1              3.71   $157.33   $172.51   $188.48   $184.14   $172.48
 Select 1             -7.79   $145.83   $161.01   $176.98   $172.64   $160.98
 Stndrd 1-3          -26.47   $127.15   $142.33   $158.30   $153.96   $142.30
 Prime 4               3.07   $156.69   $171.87   $187.84   $183.50   $171.84
 Choice 4            -11.50   $142.12   $157.30   $173.27   $168.93   $157.27
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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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