Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Wed, Aug 18, 2021     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $253.95             $228.18
 Change =>                       1.18                1.68
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Current Index Reflects the Equivalent of 106,463 head of cattle.
SUPPLY (Live)  68,986 Hd
Equivalent:                   $179.81             $158.55
DEMAND (Box)   37,477 Hd*
Equivalent:                   $328.08             $297.80
Live-Box Spread:            ($148.27)           ($139.25)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $340.08
                  Weight   Price     Head      : Se 600-900#          $309.80
  Live Steer:          1449   $123.95    32,753: Current Lds:           112.0
  Live Heifer:         1292   $122.98    13,372: Previous Lds:          121.6
  Drsd Steer:           940   $200.86    18,855
  Drsd Heifer:          848   $199.51     4,006
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      Grading % Breakdown            :         Drop Credit      :       15.07
 Ch 600-900# :                 85.02%:         Steer Dressing % :      63.37%
 Ch 600-750# :                 34.37%:         Heifer Dressing %:      63.25%
 Ch 750-900# :                 50.65%:         Processing Cost  :       12.00
 Se 600-900# :                 14.98%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.91%:
 Se 750-900# :                 11.07%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 253.95                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.14    -16.04               -3.39    -16.07
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 Prime 1-3            21.12   $247.93   $259.03   $275.07   $271.68   $259.00
 Certified 1-3         6.23   $233.04   $244.14   $260.18   $256.79   $244.11
 Choice 1              3.69   $230.50   $241.60   $257.64   $254.25   $241.57
 Select 1            -17.06   $209.75   $220.85   $236.89   $233.50   $220.82
 Stndrd 1-3          -30.42   $196.39   $207.49   $223.53   $220.14   $207.46
 Prime 4               8.52   $235.33   $246.43   $262.47   $259.08   $246.40
 Choice 4            -11.23   $215.58   $226.68   $242.72   $239.33   $226.65
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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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