NW_LS410 Des Moines, IA Tue, Jun 28, 2022 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $235.41 $213.72 Change => -0.79 -0.98 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 123,140 head of cattle. SUPPLY (Live) 78,301 Hd Equivalent: $215.68 $196.13 DEMAND (Box) 44,839 Hd* Equivalent: $255.14 $231.31 Live-Box Spread: ($39.46) ($35.18) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $267.14 Weight Price Head : Se 600-900# $243.31 Live Steer: 1443 $144.86 38,123: Current Lds: 153.6 Live Heifer: 1283 $142.54 14,932: Previous Lds: 98.6 Drsd Steer: 915 $235.12 18,468 Drsd Heifer: 842 $236.75 6,778 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.95 Ch 600-900# : 83.71%: Steer Dressing % : 63.16% Ch 600-750# : 33.84%: Heifer Dressing %: 63.15% Ch 750-900# : 49.87%: Processing Cost : 12.00 Se 600-900# : 16.29%: Slaughter Cost : 50.50 Se 600-750# : 4.25%: Se 750-900# : 12.04%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 235.41 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -27.14 -16.04 -3.04 -16.07 ----------------------------------------------------------------------------- Prime 1-3 16.85 $225.12 $236.22 $252.26 $249.22 $236.19 Certified 1-3 6.06 $214.33 $225.43 $241.47 $238.43 $225.40 Choice 1 3.58 $211.85 $222.95 $238.99 $235.95 $222.92 Select 1 -15.46 $192.81 $203.91 $219.95 $216.91 $203.88 Stndrd 1-3 -30.69 $177.58 $188.68 $204.72 $201.68 $188.65 Prime 4 4.27 $212.54 $223.64 $239.68 $236.64 $223.61 Choice 4 -11.23 $197.04 $208.14 $224.18 $221.14 $208.11 ----------------------------------------------------------------------------- *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