NW_LS410 Des Moines, IA Thu, Sep 23, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $236.23 $207.98 Change => -1.55 -0.68 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 101,060 head of cattle. SUPPLY (Live) 44,514 Hd Equivalent: $178.86 $152.97 DEMAND (Box) 56,546 Hd* Equivalent: $293.60 $262.99 Live-Box Spread: ($114.74) ($110.02) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $305.60 Weight Price Head : Se 600-900# $274.99 Live Steer: 1483 $123.93 20,695: Current Lds: 155.0 Live Heifer: 1325 $123.73 7,728: Previous Lds: 185.9 Drsd Steer: 960 $197.08 13,086 Drsd Heifer: 848 $197.32 3,005 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 15.41 Ch 600-900# : 85.09%: Steer Dressing % : 63.44% Ch 600-750# : 34.39%: Heifer Dressing %: 63.35% Ch 750-900# : 50.69%: Processing Cost : 12.00 Se 600-900# : 14.91%: Slaughter Cost : 50.50 Se 600-750# : 3.89%: Se 750-900# : 11.02%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 236.23 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 21.24 $230.33 $241.43 $257.47 $254.43 $241.40 Certified 1-3 6.35 $215.44 $226.54 $242.58 $239.54 $226.51 Choice 1 3.58 $212.67 $223.77 $239.81 $236.77 $223.74 Select 1 -21.84 $187.25 $198.35 $214.39 $211.35 $198.32 Stndrd 1-3 -34.36 $174.73 $185.83 $201.87 $198.83 $185.80 Prime 4 8.66 $217.75 $228.85 $244.89 $241.85 $228.82 Choice 4 -11.23 $197.86 $208.96 $225.00 $221.96 $208.93 ----------------------------------------------------------------------------- *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