NW_LS410 Des Moines, IA Fri, Nov 26, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $232.32 $214.53 Change => 1.66 0.61 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 214,844 head of cattle. SUPPLY (Live) 169,858 Hd Equivalent: $196.62 $178.78 DEMAND (Box) 44,986 Hd* Equivalent: $268.01 $250.28 Live-Box Spread: ($71.39) ($71.50) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $280.01 Weight Price Head : Se 600-900# $262.28 Live Steer: 1485 $136.05 92,497: Current Lds: 50.4 Live Heifer: 1335 $135.94 42,663: Previous Lds: 129.3 Drsd Steer: 964 $211.55 24,757 Drsd Heifer: 866 $212.41 9,941 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 14.96 Ch 600-900# : 84.94%: Steer Dressing % : 62.96% Ch 600-750# : 34.34%: Heifer Dressing %: 62.94% Ch 750-900# : 50.61%: Processing Cost : 12.00 Se 600-900# : 15.06%: Slaughter Cost : 50.50 Se 600-750# : 3.93%: Se 750-900# : 11.13%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 232.32 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -27.14 -16.04 -3.04 -16.07 ----------------------------------------------------------------------------- Prime 1-3 25.46 $230.64 $241.74 $257.78 $254.74 $241.71 Certified 1-3 6.35 $211.53 $222.63 $238.67 $235.63 $222.60 Choice 1 3.58 $208.76 $219.86 $235.90 $232.86 $219.83 Select 1 -13.75 $191.43 $202.53 $218.57 $215.53 $202.50 Stndrd 1-3 -30.86 $174.32 $185.42 $201.46 $198.42 $185.39 Prime 4 12.88 $218.06 $229.16 $245.20 $242.16 $229.13 Choice 4 -11.23 $193.95 $205.05 $221.09 $218.05 $205.02 ----------------------------------------------------------------------------- *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