NW_LS410 Des Moines, IA Thu, Aug 18, 2022 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $234.51 $208.79 Change => 0.76 0.52 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 94,816 head of cattle. SUPPLY (Live) 48,131 Hd Equivalent: $216.63 $192.11 DEMAND (Box) 46,685 Hd* Equivalent: $252.39 $225.47 Live-Box Spread: ($35.76) ($33.36) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $264.39 Weight Price Head : Se 600-900# $237.47 Live Steer: 1410 $146.43 30,227: Current Lds: 132.0 Live Heifer: 1289 $142.61 12,657: Previous Lds: 145.4 Drsd Steer: 930 $231.90 4,245 Drsd Heifer: 849 $230.92 1,002 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.61 Ch 600-900# : 84.13%: Steer Dressing % : 63.15% Ch 600-750# : 34.01%: Heifer Dressing %: 63.07% Ch 750-900# : 50.12%: Processing Cost : 12.00 Se 600-900# : 15.87%: Slaughter Cost : 50.50 Se 600-750# : 4.14%: Se 750-900# : 11.72%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 234.51 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -16.07 ----------------------------------------------------------------------------- Prime 1-3 21.03 $226.25 $238.43 $255.54 $252.50 $239.47 Certified 1-3 5.64 $210.86 $223.04 $240.15 $237.11 $224.08 Choice 1 3.58 $208.80 $220.98 $238.09 $235.05 $222.02 Select 1 -20.46 $184.76 $196.94 $214.05 $211.01 $197.98 Stndrd 1-3 -32.54 $172.68 $184.86 $201.97 $198.93 $185.90 Prime 4 8.45 $213.67 $225.85 $242.96 $239.92 $226.89 Choice 4 -11.23 $193.99 $206.17 $223.28 $220.24 $207.21 ----------------------------------------------------------------------------- *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