NW_LS410 Des Moines, IA Fri, Feb 03, 2023 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $245.43 $229.28 Change => 1.71 0.87 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 71,993 head of cattle. SUPPLY (Live) 31,773 Hd Equivalent: $238.12 $218.94 DEMAND (Box) 40,220 Hd* Equivalent: $252.74 $239.61 Live-Box Spread: ($14.62) ($20.67) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $264.74 Weight Price Head : Se 600-900# $251.61 Live Steer: 1514 $158.54 20,969: Current Lds: 75.9 Live Heifer: 1343 $155.90 9,014: Previous Lds: 149.7 Drsd Steer: 924 $248.92 883 Drsd Heifer: 830 $248.64 907 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.52 Ch 600-900# : 87.23%: Steer Dressing % : 61.93% Ch 600-750# : 35.26%: Heifer Dressing %: 61.99% 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 = 245.43 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 $237.22 $249.40 $266.51 $263.47 $250.80 Certified 1-3 5.78 $221.92 $234.10 $251.21 $248.17 $235.50 Choice 1 3.58 $219.72 $231.90 $249.01 $245.97 $233.30 Select 1 -15.09 $201.05 $213.23 $230.34 $227.30 $214.63 Stndrd 1-3 -31.72 $184.42 $196.60 $213.71 $210.67 $198.00 Prime 4 7.98 $224.12 $236.30 $253.41 $250.37 $237.70 Choice 4 -11.75 $204.39 $216.57 $233.68 $230.64 $217.97 ----------------------------------------------------------------------------- *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