NW_LS410 Des Moines, IA Mon, Aug 03, 2020 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $172.08 $158.20 Change => 0.79 -0.24 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 132,408 head of cattle. SUPPLY (Live) 84,666 Hd Equivalent: $151.49 $138.00 DEMAND (Box) 47,742 Hd* Equivalent: $192.66 $178.40 Live-Box Spread: ($41.17) ($40.40) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $204.66 Weight Price Head : Se 600-900# $190.40 Live Steer: 1443 $98.94 36,531: Current Lds: 103.8 Live Heifer: 1299 $98.13 19,785: Previous Lds: 98.4 Drsd Steer: 922 $159.57 22,174 Drsd Heifer: 830 $160.00 6,176 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 7.10 Ch 600-900# : 86.37%: Steer Dressing % : 63.77% Ch 600-750# : 34.91%: Heifer Dressing %: 63.77% Ch 750-900# : 51.46%: Processing Cost : 12.00 Se 600-900# : 13.63%: Slaughter Cost : 50.50 Se 600-750# : 3.56%: Se 750-900# : 10.07%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 172.08 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 12.40 $153.77 $166.84 $184.48 $180.14 $168.48 Certified 1-3 5.18 $146.55 $159.62 $177.26 $172.92 $161.26 Choice 1 3.79 $145.16 $158.23 $175.87 $171.53 $159.87 Select 1 -9.13 $132.24 $145.31 $162.95 $158.61 $146.95 Stndrd 1-3 -21.17 $120.20 $133.27 $150.91 $146.57 $134.91 Prime 4 -0.24 $141.13 $154.20 $171.84 $167.50 $155.84 Choice 4 -11.21 $130.16 $143.23 $160.87 $156.53 $144.87 ----------------------------------------------------------------------------- *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