Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Fri, Oct 30, 2020     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $175.48             $158.58
 Change =>                       0.14               -0.25
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Current Index Reflects the Equivalent of 80,293 head of cattle.
SUPPLY (Live)  24,395 Hd
Equivalent:                   $154.86             $137.93
DEMAND (Box)   55,898 Hd*
Equivalent:                   $196.10             $179.24
Live-Box Spread:             ($41.24)            ($41.31)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $208.10
                  Weight   Price     Head      : Se 600-900#          $191.24
  Live Steer:          1487   $104.45    13,001: Current Lds:           106.0
  Live Heifer:         1356   $103.94     5,824: Previous Lds:          156.2
  Drsd Steer:           999   $160.93     4,988
  Drsd Heifer:          846   $162.59       582
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      Grading % Breakdown            :         Drop Credit      :        8.34
 Ch 600-900# :                 85.67%:         Steer Dressing % :      64.39%
 Ch 600-750# :                 34.63%:         Heifer Dressing %:      64.60%
 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 = 175.48                       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   $159.63   $172.70   $190.34   $186.00   $174.34
 Certified 1-3         5.93   $150.70   $163.77   $181.41   $177.07   $165.41
 Choice 1              3.79   $148.56   $161.63   $179.27   $174.93   $163.27
 Select 1            -12.59   $132.18   $145.25   $162.89   $158.55   $146.89
 Stndrd 1-3          -27.44   $117.33   $130.40   $148.04   $143.70   $132.04
 Prime 4               1.79   $146.56   $159.63   $177.27   $172.93   $161.27
 Choice 4            -11.64   $133.13   $146.20   $163.84   $159.50   $147.84
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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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