NW_LS410 Des Moines, IA Thu, Jun 24, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $239.85 $210.51 Change => -1.71 0.97 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 70,053 head of cattle. SUPPLY (Live) 29,926 Hd Equivalent: $184.27 $156.87 DEMAND (Box) 40,127 Hd* Equivalent: $295.42 $264.14 Live-Box Spread: ($111.15) ($107.27) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $307.42 Weight Price Head : Se 600-900# $276.14 Live Steer: 1459 $124.84 14,319: Current Lds: 131.6 Live Heifer: 1326 $123.87 4,136: Previous Lds: 118.5 Drsd Steer: 927 $197.74 9,697 Drsd Heifer: 830 $197.19 1,774 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 12.79 Ch 600-900# : 85.37%: Steer Dressing % : 63.57% Ch 600-750# : 34.51%: Heifer Dressing %: 63.59% Ch 750-900# : 50.86%: Processing Cost : 12.00 Se 600-900# : 14.63%: Slaughter Cost : 50.50 Se 600-750# : 3.82%: Se 750-900# : 10.81%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 239.85 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 14.05 $226.76 $237.86 $253.90 $249.26 $237.83 Certified 1-3 6.66 $219.37 $230.47 $246.51 $241.87 $230.44 Choice 1 3.69 $216.40 $227.50 $243.54 $238.90 $227.47 Select 1 -23.23 $189.48 $200.58 $216.62 $211.98 $200.55 Stndrd 1-3 -33.86 $178.85 $189.95 $205.99 $201.35 $189.92 Prime 4 1.45 $214.16 $225.26 $241.30 $236.66 $225.23 Choice 4 -11.23 $201.48 $212.58 $228.62 $223.98 $212.55 ----------------------------------------------------------------------------- *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