NW_LS410 **This report will not be published Friday, 12/24/21 due to Federal Holiday** Des Moines, IA Wed, Dec 22, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $225.22 $212.15 Change => -0.08 0.14 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 86,861 head of cattle. SUPPLY (Live) 42,216 Hd Equivalent: $200.58 $185.47 DEMAND (Box) 44,645 Hd* Equivalent: $249.86 $238.83 Live-Box Spread: ($49.28) ($53.36) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $261.86 Weight Price Head : Se 600-900# $250.83 Live Steer: 1458 $136.62 23,040: Current Lds: 137.9 Live Heifer: 1374 $136.30 7,799: Previous Lds: 115.8 Drsd Steer: 948 $218.13 8,210 Drsd Heifer: 847 $218.06 3,167 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.68 Ch 600-900# : 85.29%: Steer Dressing % : 62.85% Ch 600-750# : 34.48%: Heifer Dressing %: 62.86% Ch 750-900# : 50.81%: Processing Cost : 12.00 Se 600-900# : 14.71%: Slaughter Cost : 50.50 Se 600-750# : 3.84%: Se 750-900# : 10.87%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 225.22 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 $222.61 $233.71 $249.75 $246.71 $233.68 Certified 1-3 5.92 $204.00 $215.10 $231.14 $228.10 $215.07 Choice 1 3.58 $201.66 $212.76 $228.80 $225.76 $212.73 Select 1 -11.00 $187.08 $198.18 $214.22 $211.18 $198.15 Stndrd 1-3 -29.65 $168.43 $179.53 $195.57 $192.53 $179.50 Prime 4 11.95 $210.03 $221.13 $237.17 $234.13 $221.10 Choice 4 -11.23 $186.85 $197.95 $213.99 $210.95 $197.92 ----------------------------------------------------------------------------- *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