NW_LS410 Des Moines, IA Tue, Mar 28, 2023 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $258.31 $246.00 Change => 0.21 0.40 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 110,183 head of cattle. SUPPLY (Live) 69,109 Hd Equivalent: $247.99 $233.63 DEMAND (Box) 41,074 Hd* Equivalent: $268.63 $258.36 Live-Box Spread: ($20.64) ($24.73) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $280.63 Weight Price Head : Se 600-900# $270.36 Live Steer: 1465 $164.55 37,899: Current Lds: 103.2 Live Heifer: 1322 $163.98 17,015: Previous Lds: 70.7 Drsd Steer: 935 $265.07 11,863 Drsd Heifer: 841 $264.87 2,332 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 12.76 Ch 600-900# : 88.14%: Steer Dressing % : 62.63% Ch 600-750# : 35.63%: Heifer Dressing %: 62.46% Ch 750-900# : 52.51%: Processing Cost : 12.00 Se 600-900# : 11.86%: Slaughter Cost : 50.50 Se 600-750# : 3.10%: Se 750-900# : 8.77%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 258.31 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 17.33 $246.35 $258.53 $275.64 $272.60 $259.93 Certified 1-3 5.64 $234.66 $246.84 $263.95 $260.91 $248.24 Choice 1 3.58 $232.60 $244.78 $261.89 $258.85 $246.18 Select 1 -10.25 $218.77 $230.95 $248.06 $245.02 $232.35 Stndrd 1-3 -29.01 $200.01 $212.19 $229.30 $226.26 $213.59 Prime 4 4.23 $233.25 $245.43 $262.54 $259.50 $246.83 Choice 4 -11.75 $217.27 $229.45 $246.56 $243.52 $230.85 ----------------------------------------------------------------------------- *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