NW_LS410
Des Moines, IA     Wed, Jun 12, 2024     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $294.80             $278.34
 Change =>                      -0.30               -0.83
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Current Index Reflects the Equivalent of 91,227 head of cattle.
SUPPLY (Live)  44,921 Hd
Equivalent:                   $284.00             $269.74
DEMAND (Box)   46,306 Hd*
Equivalent:                   $305.60             $286.93
Live-Box Spread:             ($21.60)            ($17.19)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $317.60
                  Weight   Price     Head      : Se 600-900#          $298.93
  Live Steer:          1471   $188.91    22,116: Current Lds:           123.9
  Live Heifer:         1301   $187.81    11,767: Previous Lds:          144.4
  Drsd Steer:           948   $301.10     8,378
  Drsd Heifer:          863   $300.91     2,660
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      Grading % Breakdown            :         Drop Credit      :       11.57
 Ch 600-900# :                 87.36%:         Steer Dressing % :      63.26%
 Ch 600-750# :                 35.31%:         Heifer Dressing %:      63.21%
 Ch 750-900# :                 52.05%:         Processing Cost  :       12.00
 Se 600-900# :                 12.64%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.30%:
 Se 750-900# :                  9.34%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 294.80                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -29.29    -17.11               -3.04    -15.00
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 Prime 1-3            13.84   $279.35   $291.53   $308.64   $305.60   $293.64
 Certified 1-3         6.01   $271.52   $283.70   $300.81   $297.77   $285.81
 Choice 1              3.35   $268.86   $281.04   $298.15   $295.11   $283.15
 Select 1            -10.40   $255.11   $267.29   $284.40   $281.36   $269.40
 Stndrd 1-3          -33.20   $232.31   $244.49   $261.60   $258.56   $246.60
 Prime 4               0.09   $265.60   $277.78   $294.89   $291.85   $279.89
 Choice 4            -12.45   $253.06   $265.24   $282.35   $279.31   $267.35
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*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