Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Wed, Aug 12, 2020     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $176.63             $163.40
 Change =>                       1.38                1.35
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 132,774 head of cattle.
SUPPLY (Live)  79,977 Hd
Equivalent:                   $156.16             $142.82
DEMAND (Box)   52,797 Hd*
Equivalent:                   $197.09             $183.99
Live-Box Spread:             ($40.93)            ($41.17)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $209.09
                  Weight   Price     Head      : Se 600-900#          $195.99
  Live Steer:          1449   $101.87    31,762: Current Lds:           181.9
  Live Heifer:         1301   $101.84    19,870: Previous Lds:          155.5
  Drsd Steer:           935   $165.13    21,593
  Drsd Heifer:          843   $165.90     6,752
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :        7.63
 Ch 600-900# :                 86.30%:         Steer Dressing % :      63.65%
 Ch 600-750# :                 34.89%:         Heifer Dressing %:      63.48%
 Ch 750-900# :                 51.42%:         Processing Cost  :       12.00
 Se 600-900# :                 13.70%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.58%:
 Se 750-900# :                 10.12%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 176.63                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -17.64               -4.34    -16.00
-----------------------------------------------------------------------------
 Prime 1-3            12.80   $158.72   $171.79   $189.43   $185.09   $173.43
 Certified 1-3         5.31   $151.23   $164.30   $181.94   $177.60   $165.94
 Choice 1              3.79   $149.71   $162.78   $180.42   $176.08   $164.42
 Select 1             -8.98   $136.94   $150.01   $167.65   $163.31   $151.65
 Stndrd 1-3          -22.24   $123.68   $136.75   $154.39   $150.05   $138.39
 Prime 4               0.16   $146.08   $159.15   $176.79   $172.45   $160.79
 Choice 4            -11.21   $134.71   $147.78   $165.42   $161.08   $149.42
-----------------------------------------------------------------------------
*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
������� 24 Hour recorded market information 515-284-4830
������� www.ams.usda.gov/mnreports/NW_LS410.txt
������� www.ams.usda.gov/LPSMarketNewsPage