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USDA - AMS: Beef Carcass Price Equivalent Index Value (2025-01-17)

USDA U.S. Department of Agriculture - January 17, 2025

NW_LS410
Des Moines, IA     Fri, Jan 17, 2025     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $313.71             $294.68
 Change =>                       0.62                0.71
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 120,265 head of cattle.
SUPPLY (Live)  70,165 Hd
Equivalent:                   $305.74             $281.53
DEMAND (Box)   50,100 Hd*
Equivalent:                   $321.69             $307.83
Live-Box Spread:             ($15.95)            ($26.30)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $333.69
                  Weight   Price     Head      : Se 600-900#          $319.83
  Live Steer:          1522   $203.43    37,704: Current Lds:           121.5
  Live Heifer:         1387   $203.11    19,911: Previous Lds:          141.6
  Drsd Steer:          1000   $321.46    11,129
  Drsd Heifer:          856   $322.45     1,421
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       11.45
 Ch 600-900# :                 87.26%:         Steer Dressing % :      63.54%
 Ch 600-750# :                 35.27%:         Heifer Dressing %:      63.44%
 Ch 750-900# :                 51.99%:         Processing Cost  :       12.00
 Se 600-900# :                 12.74%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.33%:
 Se 750-900# :                  9.41%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 313.71                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -29.29    -17.11               -2.68    -15.45
-----------------------------------------------------------------------------
 Prime 1-3            18.62   $303.04   $315.22   $332.33   $329.65   $316.88
 Certified 1-3         5.68   $290.10   $302.28   $319.39   $316.71   $303.94
 Choice 1              3.35   $287.77   $299.95   $317.06   $314.38   $301.61
 Select 1            -20.40   $264.02   $276.20   $293.31   $290.63   $277.86
 Stndrd 1-3          -38.91   $245.51   $257.69   $274.80   $272.12   $259.35
 Prime 4               4.87   $289.29   $301.47   $318.58   $315.90   $303.13
 Choice 4            -12.45   $271.97   $284.15   $301.26   $298.58   $285.81
-----------------------------------------------------------------------------
*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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