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

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $229.54             $212.87
 Change =>                       2.70                1.91
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Current Index Reflects the Equivalent of 163,099 head of cattle.
SUPPLY (Live)  106,299 Hd
Equivalent:                   $192.66             $173.90
DEMAND (Box)   56,800 Hd*
Equivalent:                   $266.41             $251.83
Live-Box Spread:             ($73.75)            ($77.93)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $278.41
                  Weight   Price     Head      : Se 600-900#          $263.83
  Live Steer:          1487   $132.75    56,805: Current Lds:           103.3
  Live Heifer:         1324   $132.91    25,543: Previous Lds:          193.4
  Drsd Steer:           970   $209.63    17,814
  Drsd Heifer:          870   $209.76     6,137
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      Grading % Breakdown            :         Drop Credit      :       14.97
 Ch 600-900# :                 83.76%:         Steer Dressing % :      62.92%
 Ch 600-750# :                 33.86%:         Heifer Dressing %:      62.86%
 Ch 750-900# :                 49.90%:         Processing Cost  :       12.00
 Se 600-900# :                 16.24%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.24%:
 Se 750-900# :                 12.00%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 229.54                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.14    -16.04               -3.04    -16.07
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 Prime 1-3            25.46   $227.86   $238.96   $255.00   $251.96   $238.93
 Certified 1-3         6.49   $208.89   $219.99   $236.03   $232.99   $219.96
 Choice 1              3.58   $205.98   $217.08   $233.12   $230.08   $217.05
 Select 1            -14.67   $187.73   $198.83   $214.87   $211.83   $198.80
 Stndrd 1-3          -31.29   $171.11   $182.21   $198.25   $195.21   $182.18
 Prime 4              12.88   $215.28   $226.38   $242.42   $239.38   $226.35
 Choice 4            -11.23   $191.17   $202.27   $218.31   $215.27   $202.24
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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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