NW_LS410 Des Moines, IA Fri, May 03, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $281.65 $273.70 Change => 0.96 0.15 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 103,810 head of cattle. SUPPLY (Live) 54,242 Hd Equivalent: $281.10 $271.74 DEMAND (Box) 49,568 Hd* Equivalent: $282.20 $275.65 Live-Box Spread: ($1.10) ($3.91) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $294.20 Weight Price Head : Se 600-900# $287.65 Live Steer: 1483 $186.24 25,123: Current Lds: 96.9 Live Heifer: 1358 $186.22 5,935: Previous Lds: 164.4 Drsd Steer: 955 $294.78 16,804 Drsd Heifer: 860 $294.46 6,380 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.28 Ch 600-900# : 88.16%: Steer Dressing % : 63.30% Ch 600-750# : 35.64%: Heifer Dressing %: 63.41% Ch 750-900# : 52.52%: Processing Cost : 12.00 Se 600-900# : 11.84%: Slaughter Cost : 50.50 Se 600-750# : 3.09%: Se 750-900# : 8.75%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 281.65 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 14.34 $266.70 $278.88 $295.99 $292.95 $280.99 Certified 1-3 5.30 $257.66 $269.84 $286.95 $283.91 $271.95 Choice 1 3.35 $255.71 $267.89 $285.00 $281.96 $270.00 Select 1 -5.48 $246.88 $259.06 $276.17 $273.13 $261.17 Stndrd 1-3 -31.56 $220.80 $232.98 $250.09 $247.05 $235.09 Prime 4 0.77 $253.13 $265.31 $282.42 $279.38 $267.42 Choice 4 -12.27 $240.09 $252.27 $269.38 $266.34 $254.38 ----------------------------------------------------------------------------- *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