NW_LS410 Des Moines, IA Wed, Dec 15, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $225.51 $211.43 Change => -0.28 -0.73 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 110,600 head of cattle. SUPPLY (Live) 56,175 Hd Equivalent: $202.76 $187.40 DEMAND (Box) 54,425 Hd* Equivalent: $248.26 $235.45 Live-Box Spread: ($45.50) ($48.05) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $260.26 Weight Price Head : Se 600-900# $247.45 Live Steer: 1481 $139.28 24,339: Current Lds: 173.7 Live Heifer: 1321 $139.17 11,611: Previous Lds: 146.0 Drsd Steer: 951 $219.75 15,341 Drsd Heifer: 857 $219.98 4,884 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.94 Ch 600-900# : 85.53%: Steer Dressing % : 63.33% Ch 600-750# : 34.57%: Heifer Dressing %: 63.26% Ch 750-900# : 50.96%: Processing Cost : 12.00 Se 600-900# : 14.47%: Slaughter Cost : 50.50 Se 600-750# : 3.78%: Se 750-900# : 10.69%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 225.51 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 24.53 $222.90 $234.00 $250.04 $247.00 $233.97 Certified 1-3 5.92 $204.29 $215.39 $231.43 $228.39 $215.36 Choice 1 3.58 $201.95 $213.05 $229.09 $226.05 $213.02 Select 1 -11.25 $187.12 $198.22 $214.26 $211.22 $198.19 Stndrd 1-3 -29.86 $168.51 $179.61 $195.65 $192.61 $179.58 Prime 4 11.95 $210.32 $221.42 $237.46 $234.42 $221.39 Choice 4 -11.23 $187.14 $198.24 $214.28 $211.24 $198.21 ----------------------------------------------------------------------------- *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