NW_LS410 Des Moines, IA Tue, Feb 07, 2023 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $245.41 $231.62 Change => 0.26 1.99 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 94,250 head of cattle. SUPPLY (Live) 52,418 Hd Equivalent: $236.10 $217.91 DEMAND (Box) 41,832 Hd* Equivalent: $254.72 $245.33 Live-Box Spread: ($18.62) ($27.42) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $266.72 Weight Price Head : Se 600-900# $257.33 Live Steer: 1471 $158.19 27,219: Current Lds: 107.0 Live Heifer: 1348 $158.21 9,924: Previous Lds: 104.3 Drsd Steer: 937 $250.21 11,136 Drsd Heifer: 836 $249.55 4,139 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.34 Ch 600-900# : 87.93%: Steer Dressing % : 62.56% Ch 600-750# : 35.54%: Heifer Dressing %: 62.55% Ch 750-900# : 52.39%: Processing Cost : 12.00 Se 600-900# : 12.07%: Slaughter Cost : 50.50 Se 600-750# : 3.15%: Se 750-900# : 8.92%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 245.41 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 20.46 $236.58 $248.76 $265.87 $262.83 $250.16 Certified 1-3 5.78 $221.90 $234.08 $251.19 $248.15 $235.48 Choice 1 3.58 $219.70 $231.88 $248.99 $245.95 $233.28 Select 1 -14.09 $202.03 $214.21 $231.32 $228.28 $215.61 Stndrd 1-3 -31.01 $185.11 $197.29 $214.40 $211.36 $198.69 Prime 4 7.36 $223.48 $235.66 $252.77 $249.73 $237.06 Choice 4 -11.75 $204.37 $216.55 $233.66 $230.62 $217.95 ----------------------------------------------------------------------------- *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