Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Tue, Sep 22, 2020     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $179.77             $169.37
 Change =>                      -0.39                0.24
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Current Index Reflects the Equivalent of 139,936 head of cattle.
SUPPLY (Live)  80,152 Hd
Equivalent:                   $156.10             $144.44
DEMAND (Box)   59,784 Hd*
Equivalent:                   $203.44             $194.30
Live-Box Spread:             ($47.34)            ($49.86)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $215.44
                  Weight   Price     Head      : Se 600-900#          $206.30
  Live Steer:          1478   $103.55    39,129: Current Lds:           161.7
  Live Heifer:         1299   $103.36    17,297: Previous Lds:          105.7
  Drsd Steer:           951   $163.62    17,344
  Drsd Heifer:          854   $163.26     6,382
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      Grading % Breakdown            :         Drop Credit      :        8.03
 Ch 600-900# :                 86.17%:         Steer Dressing % :      63.58%
 Ch 600-750# :                 34.83%:         Heifer Dressing %:      63.50%
 Ch 750-900# :                 51.34%:         Processing Cost  :       12.00
 Se 600-900# :                 13.83%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.61%:
 Se 750-900# :                 10.22%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 179.77                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -17.64               -4.34    -16.00
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 Prime 1-3            14.00   $163.06   $176.13   $193.77   $189.43   $177.77
 Certified 1-3         5.68   $154.74   $167.81   $185.45   $181.11   $169.45
 Choice 1              3.79   $152.85   $165.92   $183.56   $179.22   $167.56
 Select 1             -7.29   $141.77   $154.84   $172.48   $168.14   $156.48
 Stndrd 1-3          -24.97   $124.09   $137.16   $154.80   $150.46   $138.80
 Prime 4               0.93   $149.99   $163.06   $180.70   $176.36   $164.70
 Choice 4            -11.64   $137.42   $150.49   $168.13   $163.79   $152.13
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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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