NW_LS410 Des Moines, IA Fri, Jun 11, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $251.10 $223.39 Change => -0.39 -2.63 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 116,029 head of cattle. SUPPLY (Live) 78,874 Hd Equivalent: $176.64 $153.56 DEMAND (Box) 37,155 Hd* Equivalent: $325.56 $293.21 Live-Box Spread: ($148.92) ($139.65) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $337.56 Weight Price Head : Se 600-900# $305.21 Live Steer: 1441 $119.98 44,561: Current Lds: 77.5 Live Heifer: 1288 $119.80 14,260: Previous Lds: 109.6 Drsd Steer: 914 $190.76 14,821 Drsd Heifer: 813 $191.02 5,232 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 12.51 Ch 600-900# : 86.28%: Steer Dressing % : 63.27% Ch 600-750# : 34.88%: Heifer Dressing %: 63.28% Ch 750-900# : 51.41%: Processing Cost : 12.00 Se 600-900# : 13.72%: Slaughter Cost : 50.50 Se 600-750# : 3.58%: Se 750-900# : 10.14%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 251.10 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -27.14 -16.04 -4.64 -16.07 ----------------------------------------------------------------------------- Prime 1-3 14.19 $238.15 $249.25 $265.29 $260.65 $249.22 Certified 1-3 7.08 $231.04 $242.14 $258.18 $253.54 $242.11 Choice 1 3.69 $227.65 $238.75 $254.79 $250.15 $238.72 Select 1 -18.89 $205.07 $216.17 $232.21 $227.57 $216.14 Stndrd 1-3 -31.78 $192.18 $203.28 $219.32 $214.68 $203.25 Prime 4 1.59 $225.55 $236.65 $252.69 $248.05 $236.62 Choice 4 -11.23 $212.73 $223.83 $239.87 $235.23 $223.80 ----------------------------------------------------------------------------- *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