NW_LS410 **This report will not be published Friday, 12/31/21 due to Federal Holiday** Des Moines, IA Thu, Dec 30, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $228.08 $217.09 Change => 0.13 0.92 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 120,896 head of cattle. SUPPLY (Live) 78,724 Hd Equivalent: $202.90 $187.96 DEMAND (Box) 42,172 Hd* Equivalent: $253.26 $246.23 Live-Box Spread: ($50.36) ($58.27) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $265.26 Weight Price Head : Se 600-900# $258.23 Live Steer: 1509 $139.40 37,954: Current Lds: 102.2 Live Heifer: 1351 $138.81 14,857: Previous Lds: 134.5 Drsd Steer: 965 $219.83 18,482 Drsd Heifer: 863 $220.54 7,431 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.57 Ch 600-900# : 85.88%: Steer Dressing % : 63.45% Ch 600-750# : 34.71%: Heifer Dressing %: 63.33% 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 = 228.08 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 $225.47 $236.57 $252.61 $249.57 $236.54 Certified 1-3 5.92 $206.86 $217.96 $234.00 $230.96 $217.93 Choice 1 3.58 $204.52 $215.62 $231.66 $228.62 $215.59 Select 1 -10.84 $190.10 $201.20 $217.24 $214.20 $201.17 Stndrd 1-3 -29.51 $171.43 $182.53 $198.57 $195.53 $182.50 Prime 4 11.95 $212.89 $223.99 $240.03 $236.99 $223.96 Choice 4 -11.23 $189.71 $200.81 $216.85 $213.81 $200.78 ----------------------------------------------------------------------------- *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