Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Tue, Jan 26, 2021     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $189.68             $177.87
 Change =>                       1.16                0.56
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Current Index Reflects the Equivalent of 117,373 head of cattle.
SUPPLY (Live)  70,207 Hd
Equivalent:                   $162.31             $150.42
DEMAND (Box)   47,166 Hd*
Equivalent:                   $217.06             $205.33
Live-Box Spread:             ($54.75)            ($54.91)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $229.06
                  Weight   Price     Head      : Se 600-900#          $217.33
  Live Steer:          1485   $109.23    28,803: Current Lds:           131.1
  Live Heifer:         1336   $109.73    19,413: Previous Lds:           91.4
  Drsd Steer:           968   $172.59    16,561
  Drsd Heifer:          885   $172.47     5,430
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      Grading % Breakdown            :         Drop Credit      :        9.35
 Ch 600-900# :                 87.24%:         Steer Dressing % :      63.81%
 Ch 600-750# :                 35.26%:         Heifer Dressing %:      63.85%
 Ch 750-900# :                 51.97%:         Processing Cost  :       12.00
 Se 600-900# :                 12.76%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.33%:
 Se 750-900# :                  9.43%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 189.68                       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            16.16   $174.69   $189.87   $205.84   $201.50   $189.84
 Certified 1-3         6.02   $164.55   $179.73   $195.70   $191.36   $179.70
 Choice 1              3.71   $162.24   $177.42   $193.39   $189.05   $177.39
 Select 1             -7.62   $150.91   $166.09   $182.06   $177.72   $166.06
 Stndrd 1-3          -26.32   $132.21   $147.39   $163.36   $159.02   $147.36
 Prime 4               3.27   $161.80   $176.98   $192.95   $188.61   $176.95
 Choice 4            -11.50   $147.03   $162.21   $178.18   $173.84   $162.18
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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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