NW_LS410 Des Moines, IA Fri, Oct 30, 2020 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $175.48 $158.58 Change => 0.14 -0.25 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 80,293 head of cattle. SUPPLY (Live) 24,395 Hd Equivalent: $154.86 $137.93 DEMAND (Box) 55,898 Hd* Equivalent: $196.10 $179.24 Live-Box Spread: ($41.24) ($41.31) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $208.10 Weight Price Head : Se 600-900# $191.24 Live Steer: 1487 $104.45 13,001: Current Lds: 106.0 Live Heifer: 1356 $103.94 5,824: Previous Lds: 156.2 Drsd Steer: 999 $160.93 4,988 Drsd Heifer: 846 $162.59 582 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.34 Ch 600-900# : 85.67%: Steer Dressing % : 64.39% Ch 600-750# : 34.63%: Heifer Dressing %: 64.60% 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 = 175.48 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -17.64 -4.34 -16.00 ----------------------------------------------------------------------------- Prime 1-3 14.86 $159.63 $172.70 $190.34 $186.00 $174.34 Certified 1-3 5.93 $150.70 $163.77 $181.41 $177.07 $165.41 Choice 1 3.79 $148.56 $161.63 $179.27 $174.93 $163.27 Select 1 -12.59 $132.18 $145.25 $162.89 $158.55 $146.89 Stndrd 1-3 -27.44 $117.33 $130.40 $148.04 $143.70 $132.04 Prime 4 1.79 $146.56 $159.63 $177.27 $172.93 $161.27 Choice 4 -11.64 $133.13 $146.20 $163.84 $159.50 $147.84 ----------------------------------------------------------------------------- *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