NW_LS410 Des Moines, IA Fri, Dec 02, 2022 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $234.30 $209.96 Change => -1.54 0.06 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 96,897 head of cattle. SUPPLY (Live) 44,801 Hd Equivalent: $230.67 $207.35 DEMAND (Box) 52,096 Hd* Equivalent: $237.93 $212.56 Live-Box Spread: ($7.26) ($5.21) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $249.93 Weight Price Head : Se 600-900# $224.56 Live Steer: 1462 $156.04 24,028: Current Lds: 107.4 Live Heifer: 1316 $155.86 11,158: Previous Lds: 160.7 Drsd Steer: 977 $248.68 7,282 Drsd Heifer: 873 $247.60 2,333 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 14.71 Ch 600-900# : 84.92%: Steer Dressing % : 63.01% Ch 600-750# : 34.33%: Heifer Dressing %: 62.98% Ch 750-900# : 50.59%: Processing Cost : 12.00 Se 600-900# : 15.08%: Slaughter Cost : 50.50 Se 600-750# : 3.94%: Se 750-900# : 11.14%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 234.30 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 26.81 $231.82 $244.00 $261.11 $258.07 $245.40 Certified 1-3 6.21 $211.22 $223.40 $240.51 $237.47 $224.80 Choice 1 3.58 $208.59 $220.77 $237.88 $234.84 $222.17 Select 1 -19.25 $185.76 $197.94 $215.05 $212.01 $199.34 Stndrd 1-3 -33.36 $171.65 $183.83 $200.94 $197.90 $185.23 Prime 4 13.71 $218.72 $230.90 $248.01 $244.97 $232.30 Choice 4 -11.75 $193.26 $205.44 $222.55 $219.51 $206.84 ----------------------------------------------------------------------------- *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