NW_LS410 Des Moines, IA Mon, Nov 29, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $232.84 $216.68 Change => 0.52 2.15 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 142,920 head of cattle. SUPPLY (Live) 99,549 Hd Equivalent: $200.11 $183.34 DEMAND (Box) 43,371 Hd* Equivalent: $265.58 $250.02 Live-Box Spread: ($65.47) ($66.68) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $277.58 Weight Price Head : Se 600-900# $262.02 Live Steer: 1481 $137.81 60,449: Current Lds: 81.7 Live Heifer: 1334 $137.58 26,223: Previous Lds: 50.4 Drsd Steer: 952 $215.66 8,629 Drsd Heifer: 860 $215.96 4,248 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 14.96 Ch 600-900# : 84.32%: Steer Dressing % : 62.90% Ch 600-750# : 34.08%: Heifer Dressing %: 62.92% Ch 750-900# : 50.24%: Processing Cost : 12.00 Se 600-900# : 15.68%: Slaughter Cost : 50.50 Se 600-750# : 4.09%: Se 750-900# : 11.59%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 232.84 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 25.31 $231.01 $242.11 $258.15 $255.11 $242.08 Certified 1-3 5.92 $211.62 $222.72 $238.76 $235.72 $222.69 Choice 1 3.58 $209.28 $220.38 $236.42 $233.38 $220.35 Select 1 -12.67 $193.03 $204.13 $220.17 $217.13 $204.10 Stndrd 1-3 -30.01 $175.69 $186.79 $202.83 $199.79 $186.76 Prime 4 12.73 $218.43 $229.53 $245.57 $242.53 $229.50 Choice 4 -11.23 $194.47 $205.57 $221.61 $218.57 $205.54 ----------------------------------------------------------------------------- *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