NW_LS410 **This report will not be published Friday, 12/31/21 due to Federal Holiday** Des Moines, IA Wed, Dec 29, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $227.95 $216.17 Change => 2.09 2.07 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 125,715 head of cattle. SUPPLY (Live) 80,872 Hd Equivalent: $202.20 $187.25 DEMAND (Box) 44,843 Hd* Equivalent: $253.71 $245.09 Live-Box Spread: ($51.51) ($57.84) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $265.71 Weight Price Head : Se 600-900# $257.09 Live Steer: 1507 $138.63 41,508: Current Lds: 134.5 Live Heifer: 1352 $138.26 16,444: Previous Lds: 123.2 Drsd Steer: 967 $219.46 16,624 Drsd Heifer: 864 $219.97 6,296 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.57 Ch 600-900# : 85.88%: Steer Dressing % : 63.34% Ch 600-750# : 34.71%: Heifer Dressing %: 63.22% 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 = 227.95 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 $225.34 $236.44 $252.48 $249.44 $236.41 Certified 1-3 5.92 $206.73 $217.83 $233.87 $230.83 $217.80 Choice 1 3.58 $204.39 $215.49 $231.53 $228.49 $215.46 Select 1 -10.84 $189.97 $201.07 $217.11 $214.07 $201.04 Stndrd 1-3 -29.51 $171.30 $182.40 $198.44 $195.40 $182.37 Prime 4 11.95 $212.76 $223.86 $239.90 $236.86 $223.83 Choice 4 -11.23 $189.58 $200.68 $216.72 $213.68 $200.65 ----------------------------------------------------------------------------- *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