NW_LS410 Des Moines, IA Tue, Nov 02, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $227.80 $207.22 Change => -0.10 0.88 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 128,712 head of cattle. SUPPLY (Live) 83,644 Hd Equivalent: $180.23 $160.30 DEMAND (Box) 45,068 Hd* Equivalent: $275.38 $254.13 Live-Box Spread: ($95.15) ($93.83) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $287.38 Weight Price Head : Se 600-900# $266.13 Live Steer: 1477 $126.34 38,139: Current Lds: 113.8 Live Heifer: 1318 $125.89 21,577: Previous Lds: 81.8 Drsd Steer: 969 $199.84 15,884 Drsd Heifer: 866 $199.98 8,044 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 16.37 Ch 600-900# : 84.28%: Steer Dressing % : 63.12% Ch 600-750# : 34.07%: Heifer Dressing %: 63.05% Ch 750-900# : 50.21%: Processing Cost : 12.00 Se 600-900# : 15.72%: Slaughter Cost : 50.50 Se 600-750# : 4.10%: Se 750-900# : 11.61%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 227.80 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 24.74 $225.40 $236.50 $252.54 $249.50 $236.47 Certified 1-3 5.92 $206.58 $217.68 $233.72 $230.68 $217.65 Choice 1 3.58 $204.24 $215.34 $231.38 $228.34 $215.31 Select 1 -15.84 $184.82 $195.92 $211.96 $208.92 $195.89 Stndrd 1-3 -31.15 $169.51 $180.61 $196.65 $193.61 $180.58 Prime 4 12.16 $212.82 $223.92 $239.96 $236.92 $223.89 Choice 4 -11.23 $189.43 $200.53 $216.57 $213.53 $200.50 ----------------------------------------------------------------------------- *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