NW_LS410
Des Moines, IA     Wed, Aug 17, 2022     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $233.75             $208.27
 Change =>                      -0.53               -0.59
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Current Index Reflects the Equivalent of 126,531 head of cattle.
SUPPLY (Live)  82,006 Hd
Equivalent:                   $215.17             $190.65
DEMAND (Box)   44,525 Hd*
Equivalent:                   $252.34             $225.89
Live-Box Spread:             ($37.17)            ($35.24)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $264.34
                  Weight   Price     Head      : Se 600-900#          $237.89
  Live Steer:          1460   $144.72    44,500: Current Lds:           145.4
  Live Heifer:         1322   $143.98    20,228: Previous Lds:          160.5
  Drsd Steer:           935   $229.90    14,523
  Drsd Heifer:          849   $229.95     2,755
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      Grading % Breakdown            :         Drop Credit      :       13.67
 Ch 600-900# :                 84.13%:         Steer Dressing % :      63.10%
 Ch 600-750# :                 34.01%:         Heifer Dressing %:      63.11%
 Ch 750-900# :                 50.12%:         Processing Cost  :       12.00
 Se 600-900# :                 15.87%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.14%:
 Se 750-900# :                 11.72%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 233.75                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -29.29    -17.11               -3.04    -16.07
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 Prime 1-3            21.03   $225.49   $237.67   $254.78   $251.74   $238.71
 Certified 1-3         5.64   $210.10   $222.28   $239.39   $236.35   $223.32
 Choice 1              3.58   $208.04   $220.22   $237.33   $234.29   $221.26
 Select 1            -20.46   $184.00   $196.18   $213.29   $210.25   $197.22
 Stndrd 1-3          -32.54   $171.92   $184.10   $201.21   $198.17   $185.14
 Prime 4               8.45   $212.91   $225.09   $242.20   $239.16   $226.13
 Choice 4            -11.23   $193.23   $205.41   $222.52   $219.48   $206.45
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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