NW_LS410 Des Moines, IA Wed, Mar 22, 2023 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $258.02 $245.14 Change => 0.70 -0.85 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 97,688 head of cattle. SUPPLY (Live) 52,635 Hd Equivalent: $246.75 $232.47 DEMAND (Box) 45,053 Hd* Equivalent: $269.30 $257.82 Live-Box Spread: ($22.55) ($25.35) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $281.30 Weight Price Head : Se 600-900# $269.82 Live Steer: 1478 $164.18 24,114: Current Lds: 146.8 Live Heifer: 1352 $164.26 11,955: Previous Lds: 130.4 Drsd Steer: 941 $263.92 12,724 Drsd Heifer: 854 $264.06 3,842 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 12.89 Ch 600-900# : 88.43%: Steer Dressing % : 62.78% Ch 600-750# : 35.75%: Heifer Dressing %: 62.70% Ch 750-900# : 52.68%: Processing Cost : 12.00 Se 600-900# : 11.57%: Slaughter Cost : 50.50 Se 600-750# : 3.02%: Se 750-900# : 8.55%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 258.02 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 17.22 $245.95 $258.13 $275.24 $272.20 $259.53 Certified 1-3 6.06 $234.79 $246.97 $264.08 $261.04 $248.37 Choice 1 3.58 $232.31 $244.49 $261.60 $258.56 $245.89 Select 1 -10.17 $218.56 $230.74 $247.85 $244.81 $232.14 Stndrd 1-3 -28.94 $199.79 $211.97 $229.08 $226.04 $213.37 Prime 4 4.12 $232.85 $245.03 $262.14 $259.10 $246.43 Choice 4 -11.75 $216.98 $229.16 $246.27 $243.23 $230.56 ----------------------------------------------------------------------------- *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