Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Mon, Sep 28, 2020     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $181.21             $170.15
 Change =>                      -0.85                0.10
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Current Index Reflects the Equivalent of 151,358 head of cattle.
SUPPLY (Live)  95,855 Hd
Equivalent:                   $156.70             $145.88
DEMAND (Box)   55,503 Hd*
Equivalent:                   $205.72             $194.42
Live-Box Spread:             ($49.02)            ($48.54)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $217.72
                  Weight   Price     Head      : Se 600-900#          $206.42
  Live Steer:          1469   $105.07    45,888: Current Lds:           147.7
  Live Heifer:         1312   $104.87    22,103: Previous Lds:          137.9
  Drsd Steer:           956   $164.86    19,910
  Drsd Heifer:          832   $164.71     7,954
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      Grading % Breakdown            :         Drop Credit      :        8.12
 Ch 600-900# :                 85.95%:         Steer Dressing % :      64.29%
 Ch 600-750# :                 34.74%:         Heifer Dressing %:      64.29%
 Ch 750-900# :                 51.21%:         Processing Cost  :       12.00
 Se 600-900# :                 14.05%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.67%:
 Se 750-900# :                 10.38%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 181.21                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -17.64               -4.34    -16.00
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 Prime 1-3            14.26   $164.76   $177.83   $195.47   $191.13   $179.47
 Certified 1-3         5.56   $156.06   $169.13   $186.77   $182.43   $170.77
 Choice 1              3.79   $154.29   $167.36   $185.00   $180.66   $169.00
 Select 1             -6.44   $144.06   $157.13   $174.77   $170.43   $158.77
 Stndrd 1-3          -24.30   $126.20   $139.27   $156.91   $152.57   $140.91
 Prime 4               1.19   $151.69   $164.76   $182.40   $178.06   $166.40
 Choice 4            -11.64   $138.86   $151.93   $169.57   $165.23   $153.57
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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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