Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Wed, Oct 21, 2020     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $178.21             $162.38
 Change =>                      -1.25               -0.56
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Current Index Reflects the Equivalent of 178,553 head of cattle.
SUPPLY (Live)  113,026 Hd
Equivalent:                   $159.95             $145.84
DEMAND (Box)   65,527 Hd*
Equivalent:                   $196.47             $178.91
Live-Box Spread:             ($36.52)            ($33.07)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $208.47
                  Weight   Price     Head      : Se 600-900#          $190.91
  Live Steer:          1467   $106.85    52,561: Current Lds:           206.5
  Live Heifer:         1385   $106.44    24,485: Previous Lds:          189.6
  Drsd Steer:           974   $167.57    28,505
  Drsd Heifer:          859   $167.30     7,475
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      Grading % Breakdown            :         Drop Credit      :        8.27
 Ch 600-900# :                 84.86%:         Steer Dressing % :      64.06%
 Ch 600-750# :                 34.30%:         Heifer Dressing %:      64.14%
 Ch 750-900# :                 50.56%:         Processing Cost  :       12.00
 Se 600-900# :                 15.14%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.95%:
 Se 750-900# :                 11.18%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 178.21                       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            14.80   $162.30   $175.37   $193.01   $188.67   $177.01
 Certified 1-3         5.93   $153.43   $166.50   $184.14   $179.80   $168.14
 Choice 1              3.79   $151.29   $164.36   $182.00   $177.66   $166.00
 Select 1             -9.75   $137.75   $150.82   $168.46   $164.12   $152.46
 Stndrd 1-3          -25.97   $121.53   $134.60   $152.24   $147.90   $136.24
 Prime 4               1.73   $149.23   $162.30   $179.94   $175.60   $163.94
 Choice 4            -11.64   $135.86   $148.93   $166.57   $162.23   $150.57
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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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