NW_LS410 Des Moines, IA Mon, Jul 13, 2020 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $169.74 $158.72 Change => -0.23 -0.90 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 141,860 head of cattle. SUPPLY (Live) 91,118 Hd Equivalent: $148.22 $137.55 DEMAND (Box) 50,742 Hd* Equivalent: $191.26 $179.88 Live-Box Spread: ($43.04) ($42.33) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $203.26 Weight Price Head : Se 600-900# $191.88 Live Steer: 1437 $96.08 40,927: Current Lds: 118.7 Live Heifer: 1287 $95.53 20,614: Previous Lds: 93.1 Drsd Steer: 918 $157.65 24,706 Drsd Heifer: 841 $157.62 4,871 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 6.93 Ch 600-900# : 86.17%: Steer Dressing % : 63.57% Ch 600-750# : 34.83%: Heifer Dressing %: 63.33% Ch 750-900# : 51.34%: Processing Cost : 12.00 Se 600-900# : 13.83%: Slaughter Cost : 50.50 Se 600-750# : 3.61%: Se 750-900# : 10.22%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 169.74 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -17.64 -4.34 -16.07 ----------------------------------------------------------------------------- Prime 1-3 12.13 $151.16 $164.23 $181.87 $177.53 $165.80 Certified 1-3 5.06 $144.09 $157.16 $174.80 $170.46 $158.73 Choice 1 3.79 $142.82 $155.89 $173.53 $169.19 $157.46 Select 1 -6.29 $132.74 $145.81 $163.45 $159.11 $147.38 Stndrd 1-3 -19.57 $119.46 $132.53 $150.17 $145.83 $134.10 Prime 4 -0.51 $138.52 $151.59 $169.23 $164.89 $153.16 Choice 4 -11.21 $127.82 $140.89 $158.53 $154.19 $142.46 ----------------------------------------------------------------------------- *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