Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Thu, Oct 29, 2020     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $175.27             $158.83
 Change =>                       0.17                0.30
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Current Index Reflects the Equivalent of 74,294 head of cattle.
SUPPLY (Live)  15,180 Hd
Equivalent:                   $155.36             $138.43
DEMAND (Box)   59,114 Hd*
Equivalent:                   $195.17             $179.23
Live-Box Spread:             ($39.81)            ($40.80)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $207.17
                  Weight   Price     Head      : Se 600-900#          $191.23
  Live Steer:          1500   $104.41     7,417: Current Lds:           157.2
  Live Heifer:         1347   $103.72     2,557: Previous Lds:          172.6
  Drsd Steer:          1000   $161.78     4,538
  Drsd Heifer:          859   $163.75       668
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      Grading % Breakdown            :         Drop Credit      :        8.38
 Ch 600-900# :                 85.67%:         Steer Dressing % :      64.14%
 Ch 600-750# :                 34.63%:         Heifer Dressing %:      64.23%
 Ch 750-900# :                 51.04%:         Processing Cost  :       12.00
 Se 600-900# :                 14.33%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.74%:
 Se 750-900# :                 10.59%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 175.27                       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            14.86   $159.42   $172.49   $190.13   $185.79   $174.13
 Certified 1-3         5.93   $150.49   $163.56   $181.20   $176.86   $165.20
 Choice 1              3.79   $148.35   $161.42   $179.06   $174.72   $163.06
 Select 1            -12.59   $131.97   $145.04   $162.68   $158.34   $146.68
 Stndrd 1-3          -27.44   $117.12   $130.19   $147.83   $143.49   $131.83
 Prime 4               1.79   $146.35   $159.42   $177.06   $172.72   $161.06
 Choice 4            -11.64   $132.92   $145.99   $163.63   $159.29   $147.63
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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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