NW_LS410 Des Moines, IA Wed, Feb 01, 2023 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $243.49 $227.76 Change => -0.49 -0.04 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 96,995 head of cattle. SUPPLY (Live) 56,425 Hd Equivalent: $233.91 $214.73 DEMAND (Box) 40,570 Hd* Equivalent: $253.07 $240.78 Live-Box Spread: ($19.16) ($26.05) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $265.07 Weight Price Head : Se 600-900# $252.78 Live Steer: 1524 $157.42 25,999: Current Lds: 121.0 Live Heifer: 1348 $155.58 10,745: Previous Lds: 118.3 Drsd Steer: 946 $247.71 16,204 Drsd Heifer: 826 $247.24 3,477 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.59 Ch 600-900# : 87.23%: Steer Dressing % : 62.44% Ch 600-750# : 35.26%: Heifer Dressing %: 62.26% Ch 750-900# : 51.97%: Processing Cost : 12.00 Se 600-900# : 12.77%: Slaughter Cost : 50.50 Se 600-750# : 3.33%: Se 750-900# : 9.43%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 243.49 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.71 ----------------------------------------------------------------------------- Prime 1-3 21.08 $235.28 $247.46 $264.57 $261.53 $248.86 Certified 1-3 5.78 $219.98 $232.16 $249.27 $246.23 $233.56 Choice 1 3.58 $217.78 $229.96 $247.07 $244.03 $231.36 Select 1 -15.09 $199.11 $211.29 $228.40 $225.36 $212.69 Stndrd 1-3 -31.72 $182.48 $194.66 $211.77 $208.73 $196.06 Prime 4 7.98 $222.18 $234.36 $251.47 $248.43 $235.76 Choice 4 -11.75 $202.45 $214.63 $231.74 $228.70 $216.03 ----------------------------------------------------------------------------- *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