NW_LS410 Des Moines, IA Tue, Sep 08, 2020 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $184.35 $168.12 Change => -0.55 0.20 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 110,111 head of cattle. SUPPLY (Live) 63,326 Hd Equivalent: $155.87 $139.77 DEMAND (Box) 46,785 Hd* Equivalent: $212.82 $196.46 Live-Box Spread: ($56.95) ($56.69) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $224.82 Weight Price Head : Se 600-900# $208.46 Live Steer: 1459 $103.08 29,516: Current Lds: 130.2 Live Heifer: 1313 $102.90 13,870: Previous Lds: 108.2 Drsd Steer: 951 $163.05 15,182 Drsd Heifer: 852 $162.93 4,758 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 7.88 Ch 600-900# : 86.13%: Steer Dressing % : 63.87% Ch 600-750# : 34.81%: Heifer Dressing %: 63.86% Ch 750-900# : 51.31%: Processing Cost : 12.00 Se 600-900# : 13.87%: Slaughter Cost : 50.50 Se 600-750# : 3.62%: Se 750-900# : 10.25%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 184.35 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 13.13 $166.77 $179.84 $197.48 $193.14 $181.48 Certified 1-3 6.18 $159.82 $172.89 $190.53 $186.19 $174.53 Choice 1 3.79 $157.43 $170.50 $188.14 $183.80 $172.14 Select 1 -11.75 $141.89 $154.96 $172.60 $168.26 $156.60 Stndrd 1-3 -26.04 $127.60 $140.67 $158.31 $153.97 $142.31 Prime 4 -0.66 $152.98 $166.05 $183.69 $179.35 $167.69 Choice 4 -12.36 $141.28 $154.35 $171.99 $167.65 $155.99 ----------------------------------------------------------------------------- *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