NW_LS410
Des Moines, IA     Fri, Nov 25, 2022     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $234.37             $212.81
 Change =>                       1.29                2.17
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Current Index Reflects the Equivalent of 166,321 head of cattle.
SUPPLY (Live)  120,869 Hd
Equivalent:                   $228.90             $203.26
DEMAND (Box)   45,452 Hd*
Equivalent:                   $239.83             $222.37
Live-Box Spread:             ($10.93)            ($19.11)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $251.83
                  Weight   Price     Head      : Se 600-900#          $234.37
  Live Steer:          1497   $155.21    68,964: Current Lds:            61.0
  Live Heifer:         1333   $154.93    35,506: Previous Lds:          155.2
  Drsd Steer:           967   $244.21    12,175
  Drsd Heifer:          855   $244.51     4,224
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      Grading % Breakdown            :         Drop Credit      :       14.64
 Ch 600-900# :                 85.68%:         Steer Dressing % :      63.03%
 Ch 600-750# :                 34.63%:         Heifer Dressing %:      63.01%
 Ch 750-900# :                 51.04%:         Processing Cost  :       12.00
 Se 600-900# :                 14.32%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.74%:
 Se 750-900# :                 10.58%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 234.37                       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            27.03   $232.11   $244.29   $261.40   $258.36   $245.69
 Certified 1-3         6.21   $211.29   $223.47   $240.58   $237.54   $224.87
 Choice 1              3.58   $208.66   $220.84   $237.95   $234.91   $222.24
 Select 1            -21.59   $183.49   $195.67   $212.78   $209.74   $197.07
 Stndrd 1-3          -33.94   $171.14   $183.32   $200.43   $197.39   $184.72
 Prime 4              13.93   $219.01   $231.19   $248.30   $245.26   $232.59
 Choice 4            -11.75   $193.33   $205.51   $222.62   $219.58   $206.91
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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