NW_LS410 Des Moines, IA Fri, Nov 12, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $229.38 $211.87 Change => -0.33 1.21 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 176,551 head of cattle. SUPPLY (Live) 120,494 Hd Equivalent: $186.46 $166.21 DEMAND (Box) 56,057 Hd* Equivalent: $272.30 $257.53 Live-Box Spread: ($85.84) ($91.32) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $284.30 Weight Price Head : Se 600-900# $269.53 Live Steer: 1503 $130.80 72,837: Current Lds: 117.3 Live Heifer: 1339 $130.75 25,492: Previous Lds: 132.5 Drsd Steer: 958 $205.61 19,511 Drsd Heifer: 974 $187.75 2,654 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 16.74 Ch 600-900# : 84.28%: Steer Dressing % : 62.92% Ch 600-750# : 34.07%: Heifer Dressing %: 62.89% 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 = 229.38 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 $227.20 $238.30 $254.34 $251.30 $238.27 Certified 1-3 6.21 $208.45 $219.55 $235.59 $232.55 $219.52 Choice 1 3.58 $205.82 $216.92 $232.96 $229.92 $216.89 Select 1 -16.17 $186.07 $197.17 $213.21 $210.17 $197.14 Stndrd 1-3 -31.29 $170.95 $182.05 $198.09 $195.05 $182.02 Prime 4 12.38 $214.62 $225.72 $241.76 $238.72 $225.69 Choice 4 -11.23 $191.01 $202.11 $218.15 $215.11 $202.08 ----------------------------------------------------------------------------- *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