Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Tue, Jan 12, 2021     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $181.44             $169.71
 Change =>                       0.73                1.18
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Current Index Reflects the Equivalent of 118,999 head of cattle.
SUPPLY (Live)  58,054 Hd
Equivalent:                   $165.73             $153.32
DEMAND (Box)   60,945 Hd*
Equivalent:                   $197.14             $186.09
Live-Box Spread:             ($31.41)            ($32.77)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $209.14
                  Weight   Price     Head      : Se 600-900#          $198.09
  Live Steer:          1492   $111.17    22,258: Current Lds:           171.6
  Live Heifer:         1308   $111.49    11,302: Previous Lds:          123.3
  Drsd Steer:           968   $175.81    18,563
  Drsd Heifer:          861   $175.83     5,931
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      Grading % Breakdown            :         Drop Credit      :        9.28
 Ch 600-900# :                 86.70%:         Steer Dressing % :      63.86%
 Ch 600-750# :                 35.04%:         Heifer Dressing %:      63.91%
 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 = 181.44                       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            15.82   $166.11   $181.29   $197.26   $192.92   $181.26
 Certified 1-3         5.77   $156.06   $171.24   $187.21   $182.87   $171.21
 Choice 1              3.71   $154.00   $169.18   $185.15   $180.81   $169.15
 Select 1             -8.14   $142.15   $157.33   $173.30   $168.96   $157.30
 Stndrd 1-3          -26.75   $123.54   $138.72   $154.69   $150.35   $138.69
 Prime 4               2.93   $153.22   $168.40   $184.37   $180.03   $168.37
 Choice 4            -11.50   $138.79   $153.97   $169.94   $165.60   $153.94
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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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