NW_LS410 Des Moines, IA Tue, Nov 16, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $229.00 $211.85 Change => -0.52 -0.33 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 145,108 head of cattle. SUPPLY (Live) 91,276 Hd Equivalent: $187.87 $169.11 DEMAND (Box) 53,832 Hd* Equivalent: $270.13 $254.59 Live-Box Spread: ($82.26) ($85.48) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $282.13 Weight Price Head : Se 600-900# $266.59 Live Steer: 1506 $131.51 55,217: Current Lds: 161.6 Live Heifer: 1332 $131.51 21,564: Previous Lds: 111.5 Drsd Steer: 958 $206.64 13,126 Drsd Heifer: 1096 $173.12 1,369 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 16.74 Ch 600-900# : 83.76%: Steer Dressing % : 62.65% Ch 600-750# : 33.86%: Heifer Dressing %: 62.56% 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 = 229.00 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 $227.32 $238.42 $254.46 $251.42 $238.39 Certified 1-3 6.49 $208.35 $219.45 $235.49 $232.45 $219.42 Choice 1 3.58 $205.44 $216.54 $232.58 $229.54 $216.51 Select 1 -14.67 $187.19 $198.29 $214.33 $211.29 $198.26 Stndrd 1-3 -31.29 $170.57 $181.67 $197.71 $194.67 $181.64 Prime 4 12.88 $214.74 $225.84 $241.88 $238.84 $225.81 Choice 4 -11.23 $190.63 $201.73 $217.77 $214.73 $201.70 ----------------------------------------------------------------------------- *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