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USDA - AMS: Beef Carcass Price Equivalent Index Value (2022-06-23)

USDA U.S. Department of Agriculture - June 23, 2022

NW_LS410
Des Moines, IA     Thu, Jun 23, 2022     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $232.17             $212.22
 Change =>                      -1.39               -0.97
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 95,921 head of cattle.
SUPPLY (Live)  49,661 Hd
Equivalent:                   $211.68             $191.51
DEMAND (Box)   46,260 Hd*
Equivalent:                   $252.66             $232.94
Live-Box Spread:             ($40.98)            ($41.43)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $264.66
                  Weight   Price     Head      : Se 600-900#          $244.94
  Live Steer:          1418   $141.79    26,734: Current Lds:           104.2
  Live Heifer:         1288   $140.08    13,276: Previous Lds:          156.5
  Drsd Steer:           912   $234.66     5,644
  Drsd Heifer:          843   $236.94     4,007
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.79
 Ch 600-900# :                 84.00%:         Steer Dressing % :      62.99%
 Ch 600-750# :                 33.96%:         Heifer Dressing %:      63.03%
 Ch 750-900# :                 50.05%:         Processing Cost  :       12.00
 Se 600-900# :                 16.00%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.18%:
 Se 750-900# :                 11.82%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 232.17                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.14    -16.04               -3.04    -16.07
-----------------------------------------------------------------------------
 Prime 1-3            16.74   $221.77   $232.87   $248.91   $245.87   $232.84
 Certified 1-3         6.21   $211.24   $222.34   $238.38   $235.34   $222.31
 Choice 1              3.58   $208.61   $219.71   $235.75   $232.71   $219.68
 Select 1            -16.09   $188.94   $200.04   $216.08   $213.04   $200.01
 Stndrd 1-3          -30.86   $174.17   $185.27   $201.31   $198.27   $185.24
 Prime 4               4.16   $209.19   $220.29   $236.33   $233.29   $220.26
 Choice 4            -11.23   $193.80   $204.90   $220.94   $217.90   $204.87
-----------------------------------------------------------------------------
*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

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