Beef Carcass Price Equivalent Index Value
USDA - Mon Jun 01, 2:22PM CDT
NW_LS410
Des Moines, IA     Mon, Jun 01, 2020     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $253.72             $231.75
 Change =>                     -11.01              -12.45
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Current Index Reflects the Equivalent of 162,075 head of cattle.
SUPPLY (Live)  100,000 Hd
Equivalent:                   $178.30             $158.67
DEMAND (Box)   62,075 Hd*
Equivalent:                   $329.15             $304.83
Live-Box Spread:            ($150.85)           ($146.16)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $341.15
                  Weight   Price     Head      : Se 600-900#          $316.83
  Live Steer:          1457   $115.81    33,205: Current Lds:           165.9
  Live Heifer:         1305   $116.85    20,121: Previous Lds:          115.1
  Drsd Steer:           932   $183.30    35,160
  Drsd Heifer:          842   $183.91    11,514
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      Grading % Breakdown            :         Drop Credit      :        7.12
 Ch 600-900# :                 87.67%:         Steer Dressing % :      63.45%
 Ch 600-750# :                 35.44%:         Heifer Dressing %:      63.37%
 Ch 750-900# :                 52.23%:         Processing Cost  :       12.00
 Se 600-900# :                 12.33%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.22%:
 Se 750-900# :                  9.11%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 253.72                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -17.64               -4.34    -16.07
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 Prime 1-3            11.80   $234.81   $247.88   $265.52   $261.18   $249.45
 Certified 1-3         6.56   $229.57   $242.64   $260.28   $255.94   $244.21
 Choice 1              3.79   $226.80   $239.87   $257.51   $253.17   $241.44
 Select 1            -15.29   $207.72   $220.79   $238.43   $234.09   $222.36
 Stndrd 1-3          -29.17   $193.84   $206.91   $224.55   $220.21   $208.48
 Prime 4              -0.84   $222.17   $235.24   $252.88   $248.54   $236.81
 Choice 4            -11.21   $211.80   $224.87   $242.51   $238.17   $226.44
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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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