NW_LS410 Des Moines, IA Wed, Sep 28, 2022 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $224.31 $198.00 Change => -0.56 -1.13 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 160,890 head of cattle. SUPPLY (Live) 106,009 Hd Equivalent: $213.06 $188.79 DEMAND (Box) 54,881 Hd* Equivalent: $235.55 $207.21 Live-Box Spread: ($22.49) ($18.42) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $247.55 Weight Price Head : Se 600-900# $219.21 Live Steer: 1467 $144.84 57,543: Current Lds: 164.7 Live Heifer: 1327 $144.10 26,814: Previous Lds: 171.4 Drsd Steer: 955 $228.87 17,317 Drsd Heifer: 866 $229.34 4,335 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 14.76 Ch 600-900# : 83.28%: Steer Dressing % : 63.27% Ch 600-750# : 33.66%: Heifer Dressing %: 63.16% Ch 750-900# : 49.62%: Processing Cost : 12.00 Se 600-900# : 16.72%: Slaughter Cost : 50.50 Se 600-750# : 4.36%: Se 750-900# : 12.35%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 224.31 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 23.53 $218.55 $230.73 $247.84 $244.80 $232.13 Certified 1-3 5.92 $200.94 $213.12 $230.23 $227.19 $214.52 Choice 1 3.58 $198.60 $210.78 $227.89 $224.85 $212.18 Select 1 -20.21 $174.81 $186.99 $204.10 $201.06 $188.39 Stndrd 1-3 -32.76 $162.26 $174.44 $191.55 $188.51 $175.84 Prime 4 10.43 $205.45 $217.63 $234.74 $231.70 $219.03 Choice 4 -11.75 $183.27 $195.45 $212.56 $209.52 $196.85 ----------------------------------------------------------------------------- *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