NW_LS410 Des Moines, IA Tue, Nov 09, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $229.95 $211.23 Change => -0.33 1.10 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 123,519 head of cattle. SUPPLY (Live) 71,681 Hd Equivalent: $184.09 $163.84 DEMAND (Box) 51,838 Hd* Equivalent: $275.80 $258.62 Live-Box Spread: ($91.71) ($94.78) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $287.80 Weight Price Head : Se 600-900# $270.62 Live Steer: 1489 $129.54 37,892: Current Lds: 199.9 Live Heifer: 1327 $129.29 14,921: Previous Lds: 102.8 Drsd Steer: 967 $202.93 14,170 Drsd Heifer: 864 $202.58 4,698 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 16.44 Ch 600-900# : 84.28%: Steer Dressing % : 63.33% Ch 600-750# : 34.07%: Heifer Dressing %: 63.34% 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# : 11.62%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 229.95 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 24.96 $227.77 $238.87 $254.91 $251.87 $238.84 Certified 1-3 6.21 $209.02 $220.12 $236.16 $233.12 $220.09 Choice 1 3.58 $206.39 $217.49 $233.53 $230.49 $217.46 Select 1 -16.17 $186.64 $197.74 $213.78 $210.74 $197.71 Stndrd 1-3 -31.29 $171.52 $182.62 $198.66 $195.62 $182.59 Prime 4 12.38 $215.19 $226.29 $242.33 $239.29 $226.26 Choice 4 -11.23 $191.58 $202.68 $218.72 $215.68 $202.65 ----------------------------------------------------------------------------- *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