NW_LS410 **This report will not be published Friday, 12/24/21 due to Federal Holiday** Des Moines, IA Thu, Dec 23, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $225.38 $212.83 Change => 0.16 0.68 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 78,739 head of cattle. SUPPLY (Live) 37,817 Hd Equivalent: $199.82 $184.72 DEMAND (Box) 40,922 Hd* Equivalent: $250.94 $240.95 Live-Box Spread: ($51.12) ($56.23) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $262.94 Weight Price Head : Se 600-900# $252.95 Live Steer: 1471 $136.30 18,151: Current Lds: 90.5 Live Heifer: 1349 $135.92 8,899: Previous Lds: 137.9 Drsd Steer: 969 $217.57 8,328 Drsd Heifer: 855 $217.41 2,439 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.68 Ch 600-900# : 85.29%: Steer Dressing % : 62.96% Ch 600-750# : 34.48%: Heifer Dressing %: 62.88% 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 = 225.38 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 $222.77 $233.87 $249.91 $246.87 $233.84 Certified 1-3 5.92 $204.16 $215.26 $231.30 $228.26 $215.23 Choice 1 3.58 $201.82 $212.92 $228.96 $225.92 $212.89 Select 1 -11.00 $187.24 $198.34 $214.38 $211.34 $198.31 Stndrd 1-3 -29.65 $168.59 $179.69 $195.73 $192.69 $179.66 Prime 4 11.95 $210.19 $221.29 $237.33 $234.29 $221.26 Choice 4 -11.23 $187.01 $198.11 $214.15 $211.11 $198.08 ----------------------------------------------------------------------------- *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