NW_LS410 Des Moines, IA Tue, Oct 20, 2020 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $179.46 $162.94 Change => 0.05 -0.46 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 165,156 head of cattle. SUPPLY (Live) 102,163 Hd Equivalent: $160.31 $146.20 DEMAND (Box) 62,993 Hd* Equivalent: $198.60 $179.67 Live-Box Spread: ($38.29) ($33.47) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $210.60 Weight Price Head : Se 600-900# $191.67 Live Steer: 1459 $107.08 48,607: Current Lds: 189.6 Live Heifer: 1388 $106.85 21,984: Previous Lds: 114.4 Drsd Steer: 976 $168.15 24,886 Drsd Heifer: 861 $167.63 6,686 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.27 Ch 600-900# : 84.86%: Steer Dressing % : 64.13% Ch 600-750# : 34.30%: Heifer Dressing %: 64.21% Ch 750-900# : 50.56%: Processing Cost : 12.00 Se 600-900# : 15.14%: Slaughter Cost : 50.50 Se 600-750# : 3.95%: Se 750-900# : 11.18%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 179.46 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -17.64 -4.34 -16.00 ----------------------------------------------------------------------------- Prime 1-3 14.80 $163.55 $176.62 $194.26 $189.92 $178.26 Certified 1-3 5.93 $154.68 $167.75 $185.39 $181.05 $169.39 Choice 1 3.79 $152.54 $165.61 $183.25 $178.91 $167.25 Select 1 -9.75 $139.00 $152.07 $169.71 $165.37 $153.71 Stndrd 1-3 -25.97 $122.78 $135.85 $153.49 $149.15 $137.49 Prime 4 1.73 $150.48 $163.55 $181.19 $176.85 $165.19 Choice 4 -11.64 $137.11 $150.18 $167.82 $163.48 $151.82 ----------------------------------------------------------------------------- *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