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USDA - AMS: Beef Carcass Price Equivalent Index Value (2025-01-21)

USDA U.S. Department of Agriculture - January 21, 2025

NW_LS410
Des Moines, IA     Tue, Jan 21, 2025     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $314.03             $298.00
 Change =>                      -0.55                0.06
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 114,762 head of cattle.
SUPPLY (Live)  66,200 Hd
Equivalent:                   $308.00             $288.44
DEMAND (Box)   48,562 Hd*
Equivalent:                   $320.05             $307.55
Live-Box Spread:             ($12.05)            ($19.11)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $332.05
                  Weight   Price     Head      : Se 600-900#          $319.55
  Live Steer:          1525   $203.66    34,292: Current Lds:           152.4
  Live Heifer:         1396   $203.59    19,149: Previous Lds:           99.8
  Drsd Steer:           995   $322.07    11,155
  Drsd Heifer:          856   $322.35     1,604
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       11.45
 Ch 600-900# :                 87.47%:         Steer Dressing % :      63.29%
 Ch 600-750# :                 35.36%:         Heifer Dressing %:      63.13%
 Ch 750-900# :                 52.11%:         Processing Cost  :       12.00
 Se 600-900# :                 12.53%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.27%:
 Se 750-900# :                  9.26%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 314.03                       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            18.91   $303.65   $315.83   $332.94   $330.26   $317.49
 Certified 1-3         5.93   $290.67   $302.85   $319.96   $317.28   $304.51
 Choice 1              3.35   $288.09   $300.27   $317.38   $314.70   $301.93
 Select 1            -15.73   $269.01   $281.19   $298.30   $295.62   $282.85
 Stndrd 1-3          -37.27   $247.47   $259.65   $276.76   $274.08   $261.31
 Prime 4               5.16   $289.90   $302.08   $319.19   $316.51   $303.74
 Choice 4            -12.45   $272.29   $284.47   $301.58   $298.90   $286.13
-----------------------------------------------------------------------------
*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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