NW_LS410 Des Moines, IA Fri, Nov 27, 2020 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $198.25 $178.35 Change => -0.44 0.55 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 115,038 head of cattle. SUPPLY (Live) 73,414 Hd Equivalent: $165.65 $148.02 DEMAND (Box) 41,624 Hd* Equivalent: $230.85 $208.68 Live-Box Spread: ($65.20) ($60.66) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $242.85 Weight Price Head : Se 600-900# $220.68 Live Steer: 1484 $109.91 32,505: Current Lds: 51.1 Live Heifer: 1327 $110.11 16,698: Previous Lds: 116.2 Drsd Steer: 959 $172.80 15,527 Drsd Heifer: 875 $172.98 8,684 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.45 Ch 600-900# : 85.76%: Steer Dressing % : 63.70% Ch 600-750# : 34.67%: Heifer Dressing %: 63.65% Ch 750-900# : 51.10%: Processing Cost : 12.00 Se 600-900# : 14.24%: Slaughter Cost : 50.50 Se 600-750# : 3.72%: Se 750-900# : 10.52%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 198.25 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.00 -16.30 -4.34 -16.00 ----------------------------------------------------------------------------- Prime 1-3 15.80 $184.05 $197.75 $214.05 $209.71 $198.05 Certified 1-3 6.06 $174.31 $188.01 $204.31 $199.97 $188.31 Choice 1 3.79 $172.04 $185.74 $202.04 $197.70 $186.04 Select 1 -13.29 $154.96 $168.66 $184.96 $180.62 $168.96 Stndrd 1-3 -26.86 $141.39 $155.09 $171.39 $167.05 $155.39 Prime 4 2.73 $170.98 $184.68 $200.98 $196.64 $184.98 Choice 4 -11.64 $156.61 $170.31 $186.61 $182.27 $170.61 ----------------------------------------------------------------------------- *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