NW_LS410
Des Moines, IA     Mon, Oct 03, 2022     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $223.44             $198.76
 Change =>                       1.00                0.26
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Current Index Reflects the Equivalent of 135,358 head of cattle.
SUPPLY (Live)  84,653 Hd
Equivalent:                   $212.95             $188.22
DEMAND (Box)   50,705 Hd*
Equivalent:                   $233.94             $209.31
Live-Box Spread:             ($20.99)            ($21.09)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $245.94
                  Weight   Price     Head      : Se 600-900#          $221.31
  Live Steer:          1495   $144.96    45,236: Current Lds:           115.5
  Live Heifer:         1350   $144.19    19,864: Previous Lds:           74.0
  Drsd Steer:           958   $229.20    15,421
  Drsd Heifer:          859   $228.73     4,132
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      Grading % Breakdown            :         Drop Credit      :       14.78
 Ch 600-900# :                 83.56%:         Steer Dressing % :      63.30%
 Ch 600-750# :                 33.78%:         Heifer Dressing %:      63.20%
 Ch 750-900# :                 49.78%:         Processing Cost  :       12.00
 Se 600-900# :                 16.44%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.29%:
 Se 750-900# :                 12.15%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 223.44                       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            23.92   $218.07   $230.25   $247.36   $244.32   $231.65
 Certified 1-3         5.92   $200.07   $212.25   $229.36   $226.32   $213.65
 Choice 1              3.58   $197.73   $209.91   $227.02   $223.98   $211.31
 Select 1            -20.67   $173.48   $185.66   $202.77   $199.73   $187.06
 Stndrd 1-3          -32.94   $161.21   $173.39   $190.50   $187.46   $174.79
 Prime 4              10.82   $204.97   $217.15   $234.26   $231.22   $218.55
 Choice 4            -11.75   $182.40   $194.58   $211.69   $208.65   $195.98
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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