NW_LS410 Des Moines, IA Tue, Dec 28, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $225.86 $214.10 Change => -0.02 0.34 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 75,251 head of cattle. SUPPLY (Live) 31,814 Hd Equivalent: $199.07 $184.12 DEMAND (Box) 43,437 Hd* Equivalent: $252.66 $244.09 Live-Box Spread: ($53.59) ($59.97) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $264.66 Weight Price Head : Se 600-900# $256.09 Live Steer: 1481 $135.56 14,272: Current Lds: 123.2 Live Heifer: 1347 $135.77 8,155: Previous Lds: 111.9 Drsd Steer: 972 $217.31 7,165 Drsd Heifer: 855 $217.29 2,222 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.62 Ch 600-900# : 85.88%: Steer Dressing % : 63.00% Ch 600-750# : 34.71%: Heifer Dressing %: 62.88% Ch 750-900# : 51.17%: Processing Cost : 12.00 Se 600-900# : 14.12%: Slaughter Cost : 50.50 Se 600-750# : 3.69%: Se 750-900# : 10.43%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 225.86 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 $223.25 $234.35 $250.39 $247.35 $234.32 Certified 1-3 5.92 $204.64 $215.74 $231.78 $228.74 $215.71 Choice 1 3.58 $202.30 $213.40 $229.44 $226.40 $213.37 Select 1 -10.84 $187.88 $198.98 $215.02 $211.98 $198.95 Stndrd 1-3 -29.51 $169.21 $180.31 $196.35 $193.31 $180.28 Prime 4 11.95 $210.67 $221.77 $237.81 $234.77 $221.74 Choice 4 -11.23 $187.49 $198.59 $214.63 $211.59 $198.56 ----------------------------------------------------------------------------- *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