NW_LS410 Des Moines, IA Tue, May 12, 2020 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $311.58 $290.86 Change => 3.73 -0.68 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 97,707 head of cattle. SUPPLY (Live) 54,378 Hd Equivalent: $159.76 $142.75 DEMAND (Box) 43,329 Hd* Equivalent: $463.39 $438.97 Live-Box Spread: ($303.63) ($296.22) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $475.39 Weight Price Head : Se 600-900# $450.97 Live Steer: 1461 $105.23 23,140: Current Lds: 132.3 Live Heifer: 1350 $105.79 12,923: Previous Lds: 134.0 Drsd Steer: 940 $160.01 12,358 Drsd Heifer: 864 $157.40 5,957 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 6.77 Ch 600-900# : 86.48%: Steer Dressing % : 63.38% Ch 600-750# : 34.96%: Heifer Dressing %: 63.35% Ch 750-900# : 51.52%: Processing Cost : 12.00 Se 600-900# : 13.52%: Slaughter Cost : 50.50 Se 600-750# : 3.53%: Se 750-900# : 9.99%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 311.58 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 12.46 $293.33 $306.40 $324.04 $319.70 $308.04 Certified 1-3 5.87 $286.74 $299.81 $317.45 $313.11 $301.45 Choice 1 3.79 $284.66 $297.73 $315.37 $311.03 $299.37 Select 1 -12.67 $268.20 $281.27 $298.91 $294.57 $282.91 Stndrd 1-3 -28.10 $252.77 $265.84 $283.48 $279.14 $267.48 Prime 4 0.17 $281.04 $294.11 $311.75 $307.41 $295.75 Choice 4 -10.86 $270.01 $283.08 $300.72 $296.38 $284.72 ----------------------------------------------------------------------------- *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