Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Thu, Jan 21, 2021     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $185.83             $174.34
 Change =>                       1.06                1.42
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Current Index Reflects the Equivalent of 88,611 head of cattle.
SUPPLY (Live)  39,076 Hd
Equivalent:                   $162.47             $150.40
DEMAND (Box)   49,535 Hd*
Equivalent:                   $209.20             $198.28
Live-Box Spread:             ($46.73)            ($47.88)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $221.20
                  Weight   Price     Head      : Se 600-900#          $210.28
  Live Steer:          1483   $108.95    18,597: Current Lds:           127.2
  Live Heifer:         1343   $109.62    11,491: Previous Lds:          136.3
  Drsd Steer:           949   $172.44     5,939
  Drsd Heifer:          894   $172.10     3,049
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      Grading % Breakdown            :         Drop Credit      :        9.35
 Ch 600-900# :                 86.42%:         Steer Dressing % :      63.64%
 Ch 600-750# :                 34.93%:         Heifer Dressing %:      63.60%
 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 = 185.83                       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   $170.64   $185.82   $201.79   $197.45   $185.79
 Certified 1-3         6.02   $160.70   $175.88   $191.85   $187.51   $175.85
 Choice 1              3.71   $158.39   $173.57   $189.54   $185.20   $173.54
 Select 1             -7.79   $146.89   $162.07   $178.04   $173.70   $162.04
 Stndrd 1-3          -26.47   $128.21   $143.39   $159.36   $155.02   $143.36
 Prime 4               3.07   $157.75   $172.93   $188.90   $184.56   $172.90
 Choice 4            -11.50   $143.18   $158.36   $174.33   $169.99   $158.33
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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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