NW_LS410 Des Moines, IA Fri, Sep 27, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $282.12 $267.52 Change => 0.90 0.59 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 166,149 head of cattle. SUPPLY (Live) 116,554 Hd Equivalent: $279.55 $264.96 DEMAND (Box) 49,595 Hd* Equivalent: $284.69 $270.08 Live-Box Spread: ($5.14) ($5.12) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $296.69 Weight Price Head : Se 600-900# $282.08 Live Steer: 1500 $185.18 60,853: Current Lds: 96.5 Live Heifer: 1288 $184.54 28,704: Previous Lds: 157.3 Drsd Steer: 975 $292.10 21,362 Drsd Heifer: 855 $292.27 5,635 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.32 Ch 600-900# : 87.64%: Steer Dressing % : 63.47% Ch 600-750# : 35.43%: Heifer Dressing %: 63.35% Ch 750-900# : 52.21%: Processing Cost : 12.00 Se 600-900# : 12.36%: Slaughter Cost : 50.50 Se 600-750# : 3.23%: Se 750-900# : 9.13%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 282.12 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.42 ----------------------------------------------------------------------------- Prime 1-3 15.59 $268.42 $280.60 $297.71 $294.67 $282.29 Certified 1-3 5.55 $258.38 $270.56 $287.67 $284.63 $272.25 Choice 1 3.35 $256.18 $268.36 $285.47 $282.43 $270.05 Select 1 -10.73 $242.10 $254.28 $271.39 $268.35 $255.97 Stndrd 1-3 -33.63 $219.20 $231.38 $248.49 $245.45 $233.07 Prime 4 1.84 $254.67 $266.85 $283.96 $280.92 $268.54 Choice 4 -12.45 $240.38 $252.56 $269.67 $266.63 $254.25 ----------------------------------------------------------------------------- *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