NW_LS410 Des Moines, IA Thu, Sep 05, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $288.18 $271.98 Change => -0.06 -1.32 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 99,439 head of cattle. SUPPLY (Live) 48,671 Hd Equivalent: $276.84 $259.18 DEMAND (Box) 50,768 Hd* Equivalent: $299.51 $284.78 Live-Box Spread: ($22.67) ($25.60) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $311.51 Weight Price Head : Se 600-900# $296.78 Live Steer: 1474 $184.09 21,964: Current Lds: 135.1 Live Heifer: 1323 $183.36 12,931: Previous Lds: 168.6 Drsd Steer: 966 $290.30 10,173 Drsd Heifer: 851 $291.07 3,603 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.34 Ch 600-900# : 87.60%: Steer Dressing % : 63.83% Ch 600-750# : 35.41%: Heifer Dressing %: 63.79% Ch 750-900# : 52.19%: Processing Cost : 12.00 Se 600-900# : 12.40%: Slaughter Cost : 50.50 Se 600-750# : 3.24%: Se 750-900# : 9.16%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 288.18 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.00 ----------------------------------------------------------------------------- Prime 1-3 14.98 $273.87 $286.05 $303.16 $300.12 $288.16 Certified 1-3 5.43 $264.32 $276.50 $293.61 $290.57 $278.61 Choice 1 3.35 $262.24 $274.42 $291.53 $288.49 $276.53 Select 1 -13.82 $245.07 $257.25 $274.36 $271.32 $259.36 Stndrd 1-3 -34.20 $224.69 $236.87 $253.98 $250.94 $238.98 Prime 4 1.23 $260.12 $272.30 $289.41 $286.37 $274.41 Choice 4 -12.45 $246.44 $258.62 $275.73 $272.69 $260.73 ----------------------------------------------------------------------------- *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