NW_LS410 Des Moines, IA Thu, Dec 01, 2022 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $235.84 $209.90 Change => -0.65 unchgd ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 143,558 head of cattle. SUPPLY (Live) 94,939 Hd Equivalent: $230.12 $206.80 DEMAND (Box) 48,619 Hd* Equivalent: $241.57 $213.00 Live-Box Spread: ($11.45) ($6.20) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $253.57 Weight Price Head : Se 600-900# $225.00 Live Steer: 1479 $155.99 53,260: Current Lds: 160.7 Live Heifer: 1319 $155.93 28,768: Previous Lds: 189.5 Drsd Steer: 966 $244.99 9,593 Drsd Heifer: 856 $245.04 3,318 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 14.72 Ch 600-900# : 84.92%: Steer Dressing % : 63.02% Ch 600-750# : 34.33%: Heifer Dressing %: 62.98% Ch 750-900# : 50.59%: Processing Cost : 12.00 Se 600-900# : 15.08%: Slaughter Cost : 50.50 Se 600-750# : 3.94%: Se 750-900# : 11.14%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 235.84 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 26.81 $233.36 $245.54 $262.65 $259.61 $246.94 Certified 1-3 6.21 $212.76 $224.94 $242.05 $239.01 $226.34 Choice 1 3.58 $210.13 $222.31 $239.42 $236.38 $223.71 Select 1 -19.25 $187.30 $199.48 $216.59 $213.55 $200.88 Stndrd 1-3 -33.36 $173.19 $185.37 $202.48 $199.44 $186.77 Prime 4 13.71 $220.26 $232.44 $249.55 $246.51 $233.84 Choice 4 -11.75 $194.80 $206.98 $224.09 $221.05 $208.38 ----------------------------------------------------------------------------- *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