NW_LS410 Des Moines, IA Mon, Oct 25, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $224.49 $204.77 Change => 0.64 0.44 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 113,834 head of cattle. SUPPLY (Live) 64,327 Hd Equivalent: $177.94 $158.35 DEMAND (Box) 49,507 Hd* Equivalent: $271.04 $251.19 Live-Box Spread: ($93.10) ($92.84) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $283.04 Weight Price Head : Se 600-900# $263.19 Live Steer: 1488 $124.49 36,634: Current Lds: 136.3 Live Heifer: 1330 $124.38 11,196: Previous Lds: 91.1 Drsd Steer: 959 $195.82 12,403 Drsd Heifer: 851 $195.96 4,094 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 16.37 Ch 600-900# : 84.76%: Steer Dressing % : 62.69% Ch 600-750# : 34.26%: Heifer Dressing %: 62.69% Ch 750-900# : 50.50%: Processing Cost : 12.00 Se 600-900# : 15.24%: Slaughter Cost : 50.50 Se 600-750# : 3.98%: Se 750-900# : 11.26%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 224.49 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 24.03 $221.38 $232.48 $248.52 $245.48 $232.45 Certified 1-3 5.64 $202.99 $214.09 $230.13 $227.09 $214.06 Choice 1 3.58 $200.93 $212.03 $228.07 $225.03 $212.00 Select 1 -15.50 $181.85 $192.95 $208.99 $205.95 $192.92 Stndrd 1-3 -31.01 $166.34 $177.44 $193.48 $190.44 $177.41 Prime 4 11.45 $208.80 $219.90 $235.94 $232.90 $219.87 Choice 4 -11.23 $186.12 $197.22 $213.26 $210.22 $197.19 ----------------------------------------------------------------------------- *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