NW_LS410 Des Moines, IA Thu, Sep 19, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $280.84 $267.44 Change => -0.63 -0.47 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 103,989 head of cattle. SUPPLY (Live) 44,323 Hd Equivalent: $274.11 $258.62 DEMAND (Box) 59,666 Hd* Equivalent: $287.56 $276.26 Live-Box Spread: ($13.45) ($17.64) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $299.56 Weight Price Head : Se 600-900# $288.26 Live Steer: 1502 $182.89 21,628: Current Lds: 170.5 Live Heifer: 1354 $182.27 8,799: Previous Lds: 176.4 Drsd Steer: 957 $290.59 11,905 Drsd Heifer: 864 $290.01 1,991 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.28 Ch 600-900# : 87.38%: Steer Dressing % : 63.66% Ch 600-750# : 35.32%: Heifer Dressing %: 63.46% Ch 750-900# : 52.06%: Processing Cost : 12.00 Se 600-900# : 12.62%: Slaughter Cost : 50.50 Se 600-750# : 3.29%: Se 750-900# : 9.32%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 280.84 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 15.41 $266.96 $279.14 $296.25 $293.21 $280.83 Certified 1-3 5.43 $256.98 $269.16 $286.27 $283.23 $270.85 Choice 1 3.35 $254.90 $267.08 $284.19 $281.15 $268.77 Select 1 -11.65 $239.90 $252.08 $269.19 $266.15 $253.77 Stndrd 1-3 -33.77 $217.78 $229.96 $247.07 $244.03 $231.65 Prime 4 1.66 $253.21 $265.39 $282.50 $279.46 $267.08 Choice 4 -12.45 $239.10 $251.28 $268.39 $265.35 $252.97 ----------------------------------------------------------------------------- *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