NW_LS410 Des Moines, IA Wed, Jan 05, 2022 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $228.93 $219.47 Change => -0.11 0.04 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 126,692 head of cattle. SUPPLY (Live) 75,557 Hd Equivalent: $202.94 $191.32 DEMAND (Box) 51,135 Hd* Equivalent: $254.93 $247.61 Live-Box Spread: ($51.99) ($56.29) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $266.93 Weight Price Head : Se 600-900# $259.61 Live Steer: 1501 $139.71 40,316: Current Lds: 155.8 Live Heifer: 1344 $139.34 16,898: Previous Lds: 160.2 Drsd Steer: 956 $221.35 12,968 Drsd Heifer: 867 $221.97 5,375 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 13.85 Ch 600-900# : 86.97%: Steer Dressing % : 63.39% Ch 600-750# : 35.15%: Heifer Dressing %: 63.25% Ch 750-900# : 51.81%: Processing Cost : 12.00 Se 600-900# : 13.03%: Slaughter Cost : 50.50 Se 600-750# : 3.40%: Se 750-900# : 9.63%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 228.93 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 24.17 $225.96 $237.06 $253.10 $250.06 $237.03 Certified 1-3 5.92 $207.71 $218.81 $234.85 $231.81 $218.78 Choice 1 3.58 $205.37 $216.47 $232.51 $229.47 $216.44 Select 1 -7.49 $194.30 $205.40 $221.44 $218.40 $205.37 Stndrd 1-3 -28.44 $173.35 $184.45 $200.49 $197.45 $184.42 Prime 4 11.59 $213.38 $224.48 $240.52 $237.48 $224.45 Choice 4 -11.23 $190.56 $201.66 $217.70 $214.66 $201.63 ----------------------------------------------------------------------------- *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