NW_LS410 Des Moines, IA Fri, Jun 18, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $245.92 $214.42 Change => -1.23 -1.56 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 103,632 head of cattle. SUPPLY (Live) 62,047 Hd Equivalent: $180.56 $157.23 DEMAND (Box) 41,585 Hd* Equivalent: $311.28 $271.61 Live-Box Spread: ($130.72) ($114.38) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $323.28 Weight Price Head : Se 600-900# $283.61 Live Steer: 1436 $122.87 29,507: Current Lds: 87.0 Live Heifer: 1309 $122.52 16,316: Previous Lds: 117.7 Drsd Steer: 949 $195.39 13,297 Drsd Heifer: 818 $179.32 2,927 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 12.62 Ch 600-900# : 86.46%: Steer Dressing % : 63.18% Ch 600-750# : 34.95%: Heifer Dressing %: 63.17% Ch 750-900# : 51.51%: Processing Cost : 12.00 Se 600-900# : 13.54%: Slaughter Cost : 50.50 Se 600-750# : 3.53%: Se 750-900# : 10.00%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 245.92 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -27.14 -16.04 -4.64 -16.07 ----------------------------------------------------------------------------- Prime 1-3 14.05 $232.83 $243.93 $259.97 $255.33 $243.90 Certified 1-3 6.94 $225.72 $236.82 $252.86 $248.22 $236.79 Choice 1 3.69 $222.47 $233.57 $249.61 $244.97 $233.54 Select 1 -19.14 $199.64 $210.74 $226.78 $222.14 $210.71 Stndrd 1-3 -32.17 $186.61 $197.71 $213.75 $209.11 $197.68 Prime 4 1.45 $220.23 $231.33 $247.37 $242.73 $231.30 Choice 4 -11.23 $207.55 $218.65 $234.69 $230.05 $218.62 ----------------------------------------------------------------------------- *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