NW_LS410 Des Moines, IA Tue, Mar 02, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $196.18 $185.65 Change => -2.18 -0.74 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 100,537 head of cattle. SUPPLY (Live) 64,808 Hd Equivalent: $169.69 $157.14 DEMAND (Box) 35,729 Hd* Equivalent: $222.68 $214.17 Live-Box Spread: ($52.99) ($57.03) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $234.68 Weight Price Head : Se 600-900# $226.17 Live Steer: 1483 $114.06 28,475: Current Lds: 112.0 Live Heifer: 1348 $113.96 14,886: Previous Lds: 85.1 Drsd Steer: 955 $181.62 15,116 Drsd Heifer: 881 $181.73 6,331 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.78 Ch 600-900# : 89.17%: Steer Dressing % : 63.37% Ch 600-750# : 36.05%: Heifer Dressing %: 63.40% Ch 750-900# : 53.13%: Processing Cost : 12.00 Se 600-900# : 10.83%: Slaughter Cost : 50.50 Se 600-750# : 2.83%: Se 750-900# : 8.00%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 196.18 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -27.14 -16.04 -4.64 -16.07 ----------------------------------------------------------------------------- Prime 1-3 15.33 $184.37 $195.47 $211.51 $206.87 $195.44 Certified 1-3 6.66 $175.70 $186.80 $202.84 $198.20 $186.77 Choice 1 3.69 $172.73 $183.83 $199.87 $195.23 $183.80 Select 1 -8.31 $160.73 $171.83 $187.87 $183.23 $171.80 Stndrd 1-3 -27.78 $141.26 $152.36 $168.40 $163.76 $152.33 Prime 4 2.73 $171.77 $182.87 $198.91 $194.27 $182.84 Choice 4 -11.23 $157.81 $168.91 $184.95 $180.31 $168.88 ----------------------------------------------------------------------------- *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