Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Mon, Mar 01, 2021     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $198.36             $186.39
 Change =>                      -0.79               -0.92
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Current Index Reflects the Equivalent of 102,039 head of cattle.
SUPPLY (Live)  64,845 Hd
Equivalent:                   $169.69             $157.13
DEMAND (Box)   37,194 Hd*
Equivalent:                   $227.03             $215.64
Live-Box Spread:             ($57.34)            ($58.51)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $239.03
                  Weight   Price     Head      : Se 600-900#          $227.64
  Live Steer:          1483   $114.06    28,512: Current Lds:            85.1
  Live Heifer:         1348   $113.96    14,886: Previous Lds:           58.5
  Drsd Steer:           955   $181.62    15,116
  Drsd Heifer:          881   $181.73     6,331
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      Grading % Breakdown            :         Drop Credit      :        9.78
 Ch 600-900# :                 89.17%:         Steer Dressing % :      63.37%
 Ch 600-750# :                 36.05%:         Heifer Dressing %:      63.40%
 Ch 750-900# :                 53.13%:         Processing Cost  :       12.00
 Se 600-900# :                 10.83%:         Slaughter Cost   :       50.50
 Se 600-750# :                  2.83%:
 Se 750-900# :                  8.00%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 198.36                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.14    -16.04               -4.64    -16.07
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 Prime 1-3            15.33   $186.55   $197.65   $213.69   $209.05   $197.62
 Certified 1-3         6.66   $177.88   $188.98   $205.02   $200.38   $188.95
 Choice 1              3.69   $174.91   $186.01   $202.05   $197.41   $185.98
 Select 1             -8.31   $162.91   $174.01   $190.05   $185.41   $173.98
 Stndrd 1-3          -27.78   $143.44   $154.54   $170.58   $165.94   $154.51
 Prime 4               2.73   $173.95   $185.05   $201.09   $196.45   $185.02
 Choice 4            -11.23   $159.99   $171.09   $187.13   $182.49   $171.06
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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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