NW_LS410 Des Moines, IA Fri, Feb 21, 2020 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $187.03 $182.11 Change => 0.57 0.31 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 119,947 head of cattle. SUPPLY (Live) 68,737 Hd Equivalent: $180.96 $174.53 DEMAND (Box) 51,210 Hd* Equivalent: $193.09 $189.70 Live-Box Spread: ($12.13) ($15.17) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $205.09 Weight Price Head : Se 600-900# $201.70 Live Steer: 1469 $119.75 35,433: Current Lds: 96.9 Live Heifer: 1333 $119.49 16,233: Previous Lds: 177.2 Drsd Steer: 935 $190.28 13,981 Drsd Heifer: 829 $190.22 3,090 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.93 Ch 600-900# : 86.62%: Steer Dressing % : 63.08% Ch 600-750# : 35.16%: Heifer Dressing %: 62.96% Ch 750-900# : 51.46%: Processing Cost : 12.00 Se 600-900# : 13.38%: Slaughter Cost : 50.50 Se 600-750# : 3.62%: Se 750-900# : 9.77%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 187.03 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -17.64 -4.34 -16.00 ----------------------------------------------------------------------------- Prime 1-3 13.80 $170.12 $183.19 $200.83 $196.49 $184.83 Certified 1-3 5.32 $161.64 $174.71 $192.35 $188.01 $176.35 Choice 1 3.79 $160.11 $173.18 $190.82 $186.48 $174.82 Select 1 -2.04 $154.28 $167.35 $184.99 $180.65 $168.99 Stndrd 1-3 -24.84 $131.48 $144.55 $162.19 $157.85 $146.19 Prime 4 1.16 $157.48 $170.55 $188.19 $183.85 $172.19 Choice 4 -11.21 $145.11 $158.18 $175.82 $171.48 $159.82 ----------------------------------------------------------------------------- *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