NW_LS410 Des Moines, IA Wed, Jul 06, 2022 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $235.67 $213.15 Change => 1.87 1.71 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 93,749 head of cattle. SUPPLY (Live) 52,412 Hd Equivalent: $215.29 $195.36 DEMAND (Box) 41,337 Hd* Equivalent: $256.05 $230.93 Live-Box Spread: ($40.76) ($35.57) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $268.05 Weight Price Head : Se 600-900# $242.93 Live Steer: 1436 $146.55 26,694: Current Lds: 121.4 Live Heifer: 1288 $144.43 12,438: Previous Lds: 108.6 Drsd Steer: 912 $234.12 9,970 Drsd Heifer: 834 $233.76 3,310 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.77 Ch 600-900# : 84.54%: Steer Dressing % : 63.94% Ch 600-750# : 34.18%: Heifer Dressing %: 63.72% Ch 750-900# : 50.37%: Processing Cost : 12.00 Se 600-900# : 15.46%: Slaughter Cost : 50.50 Se 600-750# : 4.03%: Se 750-900# : 11.42%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 235.67 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 17.17 $225.70 $236.80 $252.84 $249.80 $236.77 Certified 1-3 5.78 $214.31 $225.41 $241.45 $238.41 $225.38 Choice 1 3.58 $212.11 $223.21 $239.25 $236.21 $223.18 Select 1 -15.84 $192.69 $203.79 $219.83 $216.79 $203.76 Stndrd 1-3 -30.86 $177.67 $188.77 $204.81 $201.77 $188.74 Prime 4 4.59 $213.12 $224.22 $240.26 $237.22 $224.19 Choice 4 -11.23 $197.30 $208.40 $224.44 $221.40 $208.37 ----------------------------------------------------------------------------- *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