NW_LS410 Des Moines, IA Thu, Sep 22, 2022 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $224.02 $199.28 Change => -0.03 -1.68 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 107,603 head of cattle. SUPPLY (Live) 47,283 Hd Equivalent: $211.65 $188.45 DEMAND (Box) 60,320 Hd* Equivalent: $236.40 $210.11 Live-Box Spread: ($24.75) ($21.66) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $248.40 Weight Price Head : Se 600-900# $222.11 Live Steer: 1493 $144.27 24,603: Current Lds: 186.2 Live Heifer: 1321 $143.30 11,534: Previous Lds: 196.8 Drsd Steer: 944 $227.29 8,773 Drsd Heifer: 857 $227.93 2,373 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 14.62 Ch 600-900# : 83.66%: Steer Dressing % : 63.34% Ch 600-750# : 33.82%: Heifer Dressing %: 63.25% Ch 750-900# : 49.84%: Processing Cost : 12.00 Se 600-900# : 16.34%: Slaughter Cost : 50.50 Se 600-750# : 4.27%: Se 750-900# : 12.07%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 224.02 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 23.21 $217.94 $230.12 $247.23 $244.19 $231.52 Certified 1-3 5.92 $200.65 $212.83 $229.94 $226.90 $214.23 Choice 1 3.58 $198.31 $210.49 $227.60 $224.56 $211.89 Select 1 -19.13 $175.60 $187.78 $204.89 $201.85 $189.18 Stndrd 1-3 -31.90 $162.83 $175.01 $192.12 $189.08 $176.41 Prime 4 10.11 $204.84 $217.02 $234.13 $231.09 $218.42 Choice 4 -11.75 $182.98 $195.16 $212.27 $209.23 $196.56 ----------------------------------------------------------------------------- *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