NW_LS410 Des Moines, IA Tue, Nov 23, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $229.48 $212.57 Change => -0.28 -0.51 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 156,212 head of cattle. SUPPLY (Live) 96,126 Hd Equivalent: $192.32 $174.48 DEMAND (Box) 60,086 Hd* Equivalent: $266.64 $250.67 Live-Box Spread: ($74.32) ($76.19) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $278.64 Weight Price Head : Se 600-900# $262.67 Live Steer: 1493 $133.10 49,483: Current Lds: 193.0 Live Heifer: 1336 $133.42 22,062: Previous Lds: 123.9 Drsd Steer: 968 $209.74 18,505 Drsd Heifer: 869 $209.86 6,076 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 15.02 Ch 600-900# : 84.94%: Steer Dressing % : 63.02% Ch 600-750# : 34.34%: Heifer Dressing %: 63.00% Ch 750-900# : 50.61%: Processing Cost : 12.00 Se 600-900# : 15.06%: Slaughter Cost : 50.50 Se 600-750# : 3.93%: Se 750-900# : 11.13%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 229.48 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 $227.80 $238.90 $254.94 $251.90 $238.87 Certified 1-3 6.35 $208.69 $219.79 $235.83 $232.79 $219.76 Choice 1 3.58 $205.92 $217.02 $233.06 $230.02 $216.99 Select 1 -13.75 $188.59 $199.69 $215.73 $212.69 $199.66 Stndrd 1-3 -30.86 $171.48 $182.58 $198.62 $195.58 $182.55 Prime 4 12.88 $215.22 $226.32 $242.36 $239.32 $226.29 Choice 4 -11.23 $191.11 $202.21 $218.25 $215.21 $202.18 ----------------------------------------------------------------------------- *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