NW_LS410 Des Moines, IA Thu, May 09, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $282.19 $272.73 Change => -0.76 -1.37 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 90,831 head of cattle. SUPPLY (Live) 46,381 Hd Equivalent: $280.99 $271.71 DEMAND (Box) 44,450 Hd* Equivalent: $283.39 $273.76 Live-Box Spread: ($2.40) ($2.05) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $295.39 Weight Price Head : Se 600-900# $285.76 Live Steer: 1444 $185.65 26,307: Current Lds: 172.7 Live Heifer: 1319 $185.49 14,444: Previous Lds: 145.3 Drsd Steer: 939 $296.06 4,088 Drsd Heifer: 879 $295.07 1,542 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.45 Ch 600-900# : 87.81%: Steer Dressing % : 63.22% Ch 600-750# : 35.49%: Heifer Dressing %: 63.15% Ch 750-900# : 52.31%: Processing Cost : 12.00 Se 600-900# : 12.19%: Slaughter Cost : 50.50 Se 600-750# : 3.18%: Se 750-900# : 9.01%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 282.19 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 $267.24 $279.42 $296.53 $293.49 $281.53 Certified 1-3 5.44 $258.34 $270.52 $287.63 $284.59 $272.63 Choice 1 3.35 $256.25 $268.43 $285.54 $282.50 $270.54 Select 1 -5.40 $247.50 $259.68 $276.79 $273.75 $261.79 Stndrd 1-3 -31.41 $221.49 $233.67 $250.78 $247.74 $235.78 Prime 4 0.77 $253.67 $265.85 $282.96 $279.92 $267.96 Choice 4 -12.27 $240.63 $252.81 $269.92 $266.88 $254.92 ----------------------------------------------------------------------------- *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