NW_LS410 Des Moines, IA Fri, May 29, 2020 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $264.73 $244.20 Change => -3.23 -2.14 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 158,120 head of cattle. SUPPLY (Live) 100,920 Hd Equivalent: $178.11 $160.33 DEMAND (Box) 57,200 Hd* Equivalent: $351.34 $328.07 Live-Box Spread: ($173.23) ($167.74) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $363.34 Weight Price Head : Se 600-900# $340.07 Live Steer: 1458 $115.81 35,855: Current Lds: 115.1 Live Heifer: 1306 $116.86 21,249: Previous Lds: 149.2 Drsd Steer: 932 $183.23 32,325 Drsd Heifer: 836 $183.32 11,491 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 7.12 Ch 600-900# : 87.38%: Steer Dressing % : 63.44% Ch 600-750# : 35.32%: Heifer Dressing %: 63.37% Ch 750-900# : 52.06%: Processing Cost : 12.00 Se 600-900# : 12.62%: Slaughter Cost : 50.50 Se 600-750# : 3.30%: Se 750-900# : 9.33%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 264.73 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -17.64 -4.34 -16.07 ----------------------------------------------------------------------------- Prime 1-3 11.80 $245.82 $258.89 $276.53 $272.19 $260.46 Certified 1-3 6.56 $240.58 $253.65 $271.29 $266.95 $255.22 Choice 1 3.79 $237.81 $250.88 $268.52 $264.18 $252.45 Select 1 -13.44 $220.58 $233.65 $251.29 $246.95 $235.22 Stndrd 1-3 -28.70 $205.32 $218.39 $236.03 $231.69 $219.96 Prime 4 -0.84 $233.18 $246.25 $263.89 $259.55 $247.82 Choice 4 -11.21 $222.81 $235.88 $253.52 $249.18 $237.45 ----------------------------------------------------------------------------- *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