Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Mon, Apr 19, 2021     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $222.31             $213.37
 Change =>                      -0.18                0.27
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Current Index Reflects the Equivalent of 108,006 head of cattle.
SUPPLY (Live)  69,252 Hd
Equivalent:                   $180.45             $169.62
DEMAND (Box)   38,754 Hd*
Equivalent:                   $264.17             $257.13
Live-Box Spread:             ($83.72)            ($87.51)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $276.17
                  Weight   Price     Head      : Se 600-900#          $269.13
  Live Steer:          1443   $122.03    30,132: Current Lds:            91.0
  Live Heifer:         1305   $121.60    10,895: Previous Lds:           88.4
  Drsd Steer:           941   $195.52    18,127
  Drsd Heifer:          858   $195.87    10,098
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      Grading % Breakdown            :         Drop Credit      :       10.92
 Ch 600-900# :                 87.86%:         Steer Dressing % :      63.80%
 Ch 600-750# :                 35.52%:         Heifer Dressing %:      63.82%
 Ch 750-900# :                 52.35%:         Processing Cost  :       12.00
 Se 600-900# :                 12.14%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.17%:
 Se 750-900# :                  8.97%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 222.31                       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            15.19   $210.36   $221.46   $237.50   $232.86   $221.43
 Certified 1-3         6.66   $201.83   $212.93   $228.97   $224.33   $212.90
 Choice 1              3.69   $198.86   $209.96   $226.00   $221.36   $209.93
 Select 1             -6.58   $188.59   $199.69   $215.73   $211.09   $199.66
 Stndrd 1-3          -27.25   $167.92   $179.02   $195.06   $190.42   $178.99
 Prime 4               2.59   $197.76   $208.86   $224.90   $220.26   $208.83
 Choice 4            -11.23   $183.94   $195.04   $211.08   $206.44   $195.01
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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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