NW_LS410 Des Moines, IA Mon, Sep 21, 2020 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $180.16 $169.13 Change => 0.18 3.05 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 139,760 head of cattle. SUPPLY (Live) 80,152 Hd Equivalent: $156.10 $144.44 DEMAND (Box) 59,608 Hd* Equivalent: $204.22 $193.82 Live-Box Spread: ($48.12) ($49.38) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $216.22 Weight Price Head : Se 600-900# $205.82 Live Steer: 1478 $103.55 39,129: Current Lds: 105.7 Live Heifer: 1299 $103.36 17,297: Previous Lds: 146.5 Drsd Steer: 951 $163.62 17,344 Drsd Heifer: 854 $163.26 6,382 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.03 Ch 600-900# : 86.17%: Steer Dressing % : 63.58% Ch 600-750# : 34.83%: Heifer Dressing %: 63.50% Ch 750-900# : 51.34%: Processing Cost : 12.00 Se 600-900# : 13.83%: Slaughter Cost : 50.50 Se 600-750# : 3.61%: Se 750-900# : 10.22%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 180.16 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -17.64 -4.34 -16.00 ----------------------------------------------------------------------------- Prime 1-3 14.00 $163.45 $176.52 $194.16 $189.82 $178.16 Certified 1-3 5.68 $155.13 $168.20 $185.84 $181.50 $169.84 Choice 1 3.79 $153.24 $166.31 $183.95 $179.61 $167.95 Select 1 -7.29 $142.16 $155.23 $172.87 $168.53 $156.87 Stndrd 1-3 -24.97 $124.48 $137.55 $155.19 $150.85 $139.19 Prime 4 0.93 $150.38 $163.45 $181.09 $176.75 $165.09 Choice 4 -11.64 $137.81 $150.88 $168.52 $164.18 $152.52 ----------------------------------------------------------------------------- *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