NW_LS410 Des Moines, IA Wed, Nov 17, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $227.45 $210.87 Change => -1.55 -0.98 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 138,103 head of cattle. SUPPLY (Live) 84,818 Hd Equivalent: $188.43 $169.67 DEMAND (Box) 53,285 Hd* Equivalent: $266.47 $252.06 Live-Box Spread: ($78.04) ($82.39) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $278.47 Weight Price Head : Se 600-900# $264.06 Live Steer: 1503 $131.71 51,681: Current Lds: 187.6 Live Heifer: 1322 $131.79 18,444: Previous Lds: 161.6 Drsd Steer: 957 $206.64 13,279 Drsd Heifer: 1086 $174.10 1,414 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 16.52 Ch 600-900# : 83.76%: Steer Dressing % : 62.65% Ch 600-750# : 33.86%: Heifer Dressing %: 62.54% 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 = 227.45 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 $225.77 $236.87 $252.91 $249.87 $236.84 Certified 1-3 6.49 $206.80 $217.90 $233.94 $230.90 $217.87 Choice 1 3.58 $203.89 $214.99 $231.03 $227.99 $214.96 Select 1 -14.67 $185.64 $196.74 $212.78 $209.74 $196.71 Stndrd 1-3 -31.29 $169.02 $180.12 $196.16 $193.12 $180.09 Prime 4 12.88 $213.19 $224.29 $240.33 $237.29 $224.26 Choice 4 -11.23 $189.08 $200.18 $216.22 $213.18 $200.15 ----------------------------------------------------------------------------- *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