NW_LS410 Des Moines, IA Thu, Nov 04, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $229.94 $208.98 Change => 1.49 0.88 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 63,510 head of cattle. SUPPLY (Live) 18,810 Hd Equivalent: $181.66 $161.73 DEMAND (Box) 44,700 Hd* Equivalent: $278.22 $256.22 Live-Box Spread: ($96.56) ($94.49) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $290.22 Weight Price Head : Se 600-900# $268.22 Live Steer: 1491 $127.94 6,332: Current Lds: 147.0 Live Heifer: 1323 $127.72 2,305: Previous Lds: 140.3 Drsd Steer: 978 $201.20 7,150 Drsd Heifer: 868 $200.80 3,023 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 16.31 Ch 600-900# : 84.28%: Steer Dressing % : 63.43% Ch 600-750# : 34.07%: Heifer Dressing %: 63.46% Ch 750-900# : 50.21%: Processing Cost : 12.00 Se 600-900# : 15.72%: Slaughter Cost : 50.50 Se 600-750# : 4.10%: Se 750-900# : 11.61%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 229.94 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 24.74 $227.54 $238.64 $254.68 $251.64 $238.61 Certified 1-3 5.92 $208.72 $219.82 $235.86 $232.82 $219.79 Choice 1 3.58 $206.38 $217.48 $233.52 $230.48 $217.45 Select 1 -15.84 $186.96 $198.06 $214.10 $211.06 $198.03 Stndrd 1-3 -31.15 $171.65 $182.75 $198.79 $195.75 $182.72 Prime 4 12.16 $214.96 $226.06 $242.10 $239.06 $226.03 Choice 4 -11.23 $191.57 $202.67 $218.71 $215.67 $202.64 ----------------------------------------------------------------------------- *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