NW_LS410
Des Moines, IA     Fri, Jun 09, 2023     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $303.52             $280.49
 Change =>                       4.23                2.94
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Current Index Reflects the Equivalent of 118,274 head of cattle.
SUPPLY (Live)  78,293 Hd
Equivalent:                   $286.12             $267.28
DEMAND (Box)   39,981 Hd*
Equivalent:                   $320.93             $293.71
Live-Box Spread:             ($34.81)            ($26.43)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $332.93
                  Weight   Price     Head      : Se 600-900#          $305.71
  Live Steer:          1427   $188.64    46,629: Current Lds:            81.3
  Live Heifer:         1289   $187.68    12,534: Previous Lds:          109.2
  Drsd Steer:           916   $298.91    15,787
  Drsd Heifer:          822   $298.76     3,343
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      Grading % Breakdown            :         Drop Credit      :       12.75
 Ch 600-900# :                 85.19%:         Steer Dressing % :      62.80%
 Ch 600-750# :                 34.43%:         Heifer Dressing %:      62.73%
 Ch 750-900# :                 50.75%:         Processing Cost  :       12.00
 Se 600-900# :                 14.81%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.87%:
 Se 750-900# :                 10.95%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 303.52                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -29.29    -17.11               -3.04    -15.71
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 Prime 1-3            14.81   $289.04   $301.22   $318.33   $315.29   $302.62
 Certified 1-3         5.64   $279.87   $292.05   $309.16   $306.12   $293.45
 Choice 1              3.58   $277.81   $289.99   $307.10   $304.06   $291.39
 Select 1            -14.75   $259.48   $271.66   $288.77   $285.73   $273.06
 Stndrd 1-3          -31.29   $242.94   $255.12   $272.23   $269.19   $256.52
 Prime 4               1.54   $275.77   $287.95   $305.06   $302.02   $289.35
 Choice 4            -11.92   $262.31   $274.49   $291.60   $288.56   $275.89
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*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