NW_LS410 Des Moines, IA Fri, Jul 10, 2020 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $169.97 $159.62 Change => 0.70 -0.02 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 168,676 head of cattle. SUPPLY (Live) 114,129 Hd Equivalent: $147.45 $136.95 DEMAND (Box) 54,547 Hd* Equivalent: $192.50 $182.29 Live-Box Spread: ($45.05) ($45.34) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $204.50 Weight Price Head : Se 600-900# $194.29 Live Steer: 1437 $95.66 53,737: Current Lds: 93.1 Live Heifer: 1290 $95.27 25,118: Previous Lds: 163.4 Drsd Steer: 914 $157.08 29,205 Drsd Heifer: 834 $156.84 6,069 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 6.93 Ch 600-900# : 86.89%: Steer Dressing % : 63.56% Ch 600-750# : 35.12%: Heifer Dressing %: 63.36% Ch 750-900# : 51.77%: Processing Cost : 12.00 Se 600-900# : 13.11%: Slaughter Cost : 50.50 Se 600-750# : 3.42%: Se 750-900# : 9.69%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 169.97 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -17.17 -4.34 -16.07 ----------------------------------------------------------------------------- Prime 1-3 12.06 $151.32 $164.86 $182.03 $177.69 $165.96 Certified 1-3 4.93 $144.19 $157.73 $174.90 $170.56 $158.83 Choice 1 3.79 $143.05 $156.59 $173.76 $169.42 $157.69 Select 1 -6.12 $133.14 $146.68 $163.85 $159.51 $147.78 Stndrd 1-3 -19.84 $119.42 $132.96 $150.13 $145.79 $134.06 Prime 4 -0.58 $138.68 $152.22 $169.39 $165.05 $153.32 Choice 4 -11.21 $128.05 $141.59 $158.76 $154.42 $142.69 ----------------------------------------------------------------------------- *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