NW_LS410
Des Moines, IA     Fri, Mar 24, 2023     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $257.72             $245.02
 Change =>                      -1.32                0.07
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 117,495 head of cattle.
SUPPLY (Live)  71,631 Hd
Equivalent:                   $247.57             $233.29
DEMAND (Box)   45,864 Hd*
Equivalent:                   $267.88             $256.75
Live-Box Spread:             ($20.31)            ($23.46)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $279.88
                  Weight   Price     Head      : Se 600-900#          $268.75
  Live Steer:          1468   $164.53    40,519: Current Lds:           108.1
  Live Heifer:         1320   $163.96    17,474: Previous Lds:          118.9
  Drsd Steer:           934   $265.01    11,396
  Drsd Heifer:          840   $264.87     2,242
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       12.82
 Ch 600-900# :                 88.43%:         Steer Dressing % :      62.63%
 Ch 600-750# :                 35.75%:         Heifer Dressing %:      62.47%
 Ch 750-900# :                 52.68%:         Processing Cost  :       12.00
 Se 600-900# :                 11.57%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.02%:
 Se 750-900# :                  8.55%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 257.72                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -29.29    -17.11               -3.04    -15.71
-----------------------------------------------------------------------------
 Prime 1-3            17.22   $245.65   $257.83   $274.94   $271.90   $259.23
 Certified 1-3         6.06   $234.49   $246.67   $263.78   $260.74   $248.07
 Choice 1              3.58   $232.01   $244.19   $261.30   $258.26   $245.59
 Select 1            -10.17   $218.26   $230.44   $247.55   $244.51   $231.84
 Stndrd 1-3          -28.94   $199.49   $211.67   $228.78   $225.74   $213.07
 Prime 4               4.12   $232.55   $244.73   $261.84   $258.80   $246.13
 Choice 4            -11.75   $216.68   $228.86   $245.97   $242.93   $230.26
-----------------------------------------------------------------------------
*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