NW_LS410 Des Moines, IA Fri, Jun 02, 2023 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $285.07 $266.97 Change => 4.08 3.17 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 168,874 head of cattle. SUPPLY (Live) 126,824 Hd Equivalent: $272.21 $255.02 DEMAND (Box) 42,050 Hd* Equivalent: $297.93 $278.93 Live-Box Spread: ($25.72) ($23.91) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $309.93 Weight Price Head : Se 600-900# $290.93 Live Steer: 1408 $179.64 71,067: Current Lds: 119.6 Live Heifer: 1274 $179.01 27,657: Previous Lds: 115.2 Drsd Steer: 909 $287.09 22,118 Drsd Heifer: 813 $287.57 5,982 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 12.69 Ch 600-900# : 85.67%: Steer Dressing % : 62.87% Ch 600-750# : 34.63%: Heifer Dressing %: 62.77% Ch 750-900# : 51.04%: Processing Cost : 12.00 Se 600-900# : 14.33%: Slaughter Cost : 50.50 Se 600-750# : 3.74%: Se 750-900# : 10.59%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 285.07 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 14.67 $270.45 $282.63 $299.74 $296.70 $284.03 Certified 1-3 5.35 $261.13 $273.31 $290.42 $287.38 $274.71 Choice 1 3.58 $259.36 $271.54 $288.65 $285.61 $272.94 Select 1 -13.09 $242.69 $254.87 $271.98 $268.94 $256.27 Stndrd 1-3 -30.58 $225.20 $237.38 $254.49 $251.45 $238.78 Prime 4 1.40 $257.18 $269.36 $286.47 $283.43 $270.76 Choice 4 -11.92 $243.86 $256.04 $273.15 $270.11 $257.44 ----------------------------------------------------------------------------- *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