Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Tue, May 11, 2021     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $237.25             $221.47
 Change =>                       1.73                1.39
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Current Index Reflects the Equivalent of 91,673 head of cattle.
SUPPLY (Live)  57,057 Hd
Equivalent:                   $174.14             $158.60
DEMAND (Box)   34,616 Hd*
Equivalent:                   $300.37             $284.34
Live-Box Spread:            ($126.23)           ($125.74)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $312.37
                  Weight   Price     Head      : Se 600-900#          $296.34
  Live Steer:          1453   $118.66    25,933: Current Lds:           105.5
  Live Heifer:         1309   $118.38    11,081: Previous Lds:           71.3
  Drsd Steer:           928   $188.51    15,724
  Drsd Heifer:          834   $188.52     4,319
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      Grading % Breakdown            :         Drop Credit      :       12.07
 Ch 600-900# :                 86.70%:         Steer Dressing % :      63.48%
 Ch 600-750# :                 35.05%:         Heifer Dressing %:      63.41%
 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 = 237.25                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.14    -16.04               -4.64    -16.07
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 Prime 1-3            14.41   $224.52   $235.62   $251.66   $247.02   $235.59
 Certified 1-3         6.80   $216.91   $228.01   $244.05   $239.41   $227.98
 Choice 1              3.69   $213.80   $224.90   $240.94   $236.30   $224.87
 Select 1            -11.31   $198.80   $209.90   $225.94   $221.30   $209.87
 Stndrd 1-3          -28.17   $181.94   $193.04   $209.08   $204.44   $193.01
 Prime 4               1.81   $211.92   $223.02   $239.06   $234.42   $222.99
 Choice 4            -11.23   $198.88   $209.98   $226.02   $221.38   $209.95
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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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