NW_LS410 Des Moines, IA Tue, Sep 22, 2020 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $179.77 $169.37 Change => -0.39 0.24 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 139,936 head of cattle. SUPPLY (Live) 80,152 Hd Equivalent: $156.10 $144.44 DEMAND (Box) 59,784 Hd* Equivalent: $203.44 $194.30 Live-Box Spread: ($47.34) ($49.86) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $215.44 Weight Price Head : Se 600-900# $206.30 Live Steer: 1478 $103.55 39,129: Current Lds: 161.7 Live Heifer: 1299 $103.36 17,297: Previous Lds: 105.7 Drsd Steer: 951 $163.62 17,344 Drsd Heifer: 854 $163.26 6,382 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.03 Ch 600-900# : 86.17%: Steer Dressing % : 63.58% Ch 600-750# : 34.83%: Heifer Dressing %: 63.50% Ch 750-900# : 51.34%: Processing Cost : 12.00 Se 600-900# : 13.83%: Slaughter Cost : 50.50 Se 600-750# : 3.61%: Se 750-900# : 10.22%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 179.77 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 14.00 $163.06 $176.13 $193.77 $189.43 $177.77 Certified 1-3 5.68 $154.74 $167.81 $185.45 $181.11 $169.45 Choice 1 3.79 $152.85 $165.92 $183.56 $179.22 $167.56 Select 1 -7.29 $141.77 $154.84 $172.48 $168.14 $156.48 Stndrd 1-3 -24.97 $124.09 $137.16 $154.80 $150.46 $138.80 Prime 4 0.93 $149.99 $163.06 $180.70 $176.36 $164.70 Choice 4 -11.64 $137.42 $150.49 $168.13 $163.79 $152.13 ----------------------------------------------------------------------------- *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