NW_LS410
Des Moines, IA     Tue, Aug 04, 2020     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $171.76             $158.12
 Change =>                      -0.32               -0.08
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 134,739 head of cattle.
SUPPLY (Live)  84,289 Hd
Equivalent:                   $151.28             $137.79
DEMAND (Box)   50,450 Hd*
Equivalent:                   $192.24             $178.45
Live-Box Spread:             ($40.96)            ($40.66)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $204.24
                  Weight   Price     Head      : Se 600-900#          $190.45
  Live Steer:          1442    $98.98    36,352: Current Lds:           160.1
  Live Heifer:         1300    $98.16    19,587: Previous Lds:          103.8
  Drsd Steer:           922   $159.57    22,174
  Drsd Heifer:          830   $160.00     6,176
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :        7.27
 Ch 600-900# :                 86.37%:         Steer Dressing % :      63.76%
 Ch 600-750# :                 34.91%:         Heifer Dressing %:      63.77%
 Ch 750-900# :                 51.46%:         Processing Cost  :       12.00
 Se 600-900# :                 13.63%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.56%:
 Se 750-900# :                 10.07%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 171.76                       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            12.40   $153.45   $166.52   $184.16   $179.82   $168.16
 Certified 1-3         5.18   $146.23   $159.30   $176.94   $172.60   $160.94
 Choice 1              3.79   $144.84   $157.91   $175.55   $171.21   $159.55
 Select 1             -9.13   $131.92   $144.99   $162.63   $158.29   $146.63
 Stndrd 1-3          -21.17   $119.88   $132.95   $150.59   $146.25   $134.59
 Prime 4              -0.24   $140.81   $153.88   $171.52   $167.18   $155.52
 Choice 4            -11.21   $129.84   $142.91   $160.55   $156.21   $144.55
-----------------------------------------------------------------------------
*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