NW_LS410
Des Moines, IA     Fri, May 27, 2022     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $229.64             $212.71
 Change =>                       0.88                1.19
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Current Index Reflects the Equivalent of 103,749 head of cattle.
SUPPLY (Live)  56,378 Hd
Equivalent:                   $205.86             $190.91
DEMAND (Box)   47,371 Hd*
Equivalent:                   $253.42             $234.50
Live-Box Spread:             ($47.56)            ($43.59)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $265.42
                  Weight   Price     Head      : Se 600-900#          $246.50
  Live Steer:          1417   $139.25    27,926: Current Lds:           105.9
  Live Heifer:         1275   $138.43    10,757: Previous Lds:          134.0
  Drsd Steer:           912   $224.48    11,986
  Drsd Heifer:          820   $223.29     5,709
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      Grading % Breakdown            :         Drop Credit      :       13.36
 Ch 600-900# :                 85.36%:         Steer Dressing % :      63.42%
 Ch 600-750# :                 34.50%:         Heifer Dressing %:      63.45%
 Ch 750-900# :                 50.85%:         Processing Cost  :       12.00
 Se 600-900# :                 14.64%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.82%:
 Se 750-900# :                 10.82%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 229.64                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.14    -16.04               -3.04    -16.07
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 Prime 1-3            15.46   $217.96   $229.06   $245.10   $242.06   $229.03
 Certified 1-3         5.64   $208.14   $219.24   $235.28   $232.24   $219.21
 Choice 1              3.58   $206.08   $217.18   $233.22   $230.18   $217.15
 Select 1            -10.84   $191.66   $202.76   $218.80   $215.76   $202.73
 Stndrd 1-3          -28.72   $173.78   $184.88   $200.92   $197.88   $184.85
 Prime 4               2.88   $205.38   $216.48   $232.52   $229.48   $216.45
 Choice 4            -11.23   $191.27   $202.37   $218.41   $215.37   $202.34
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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