NW_LS410 Des Moines, IA Mon, Nov 15, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $229.52 $212.18 Change => 0.14 0.31 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 151,020 head of cattle. SUPPLY (Live) 94,310 Hd Equivalent: $187.83 $169.07 DEMAND (Box) 56,710 Hd* Equivalent: $271.20 $255.28 Live-Box Spread: ($83.37) ($86.21) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $283.20 Weight Price Head : Se 600-900# $267.28 Live Steer: 1508 $131.42 58,256: Current Lds: 111.5 Live Heifer: 1332 $131.49 21,841: Previous Lds: 117.3 Drsd Steer: 958 $206.63 12,993 Drsd Heifer: 1121 $168.97 1,220 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 16.74 Ch 600-900# : 83.76%: Steer Dressing % : 62.64% Ch 600-750# : 33.86%: Heifer Dressing %: 62.55% Ch 750-900# : 49.90%: Processing Cost : 12.00 Se 600-900# : 16.24%: Slaughter Cost : 50.50 Se 600-750# : 4.24%: Se 750-900# : 12.00%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 229.52 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 $227.84 $238.94 $254.98 $251.94 $238.91 Certified 1-3 6.49 $208.87 $219.97 $236.01 $232.97 $219.94 Choice 1 3.58 $205.96 $217.06 $233.10 $230.06 $217.03 Select 1 -14.67 $187.71 $198.81 $214.85 $211.81 $198.78 Stndrd 1-3 -31.29 $171.09 $182.19 $198.23 $195.19 $182.16 Prime 4 12.88 $215.26 $226.36 $242.40 $239.36 $226.33 Choice 4 -11.23 $191.15 $202.25 $218.29 $215.25 $202.22 ----------------------------------------------------------------------------- *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