NW_LS410
Des Moines, IA     Wed, Apr 24, 2024     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $280.27             $273.38
 Change =>                      -0.86               -1.21
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Current Index Reflects the Equivalent of 108,351 head of cattle.
SUPPLY (Live)  58,282 Hd
Equivalent:                   $276.80             $268.35
DEMAND (Box)   50,069 Hd*
Equivalent:                   $283.74             $278.42
Live-Box Spread:              ($6.94)            ($10.07)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $295.74
                  Weight   Price     Head      : Se 600-900#          $290.42
  Live Steer:          1471   $182.74    27,323: Current Lds:           148.1
  Live Heifer:         1338   $182.57    15,562: Previous Lds:          146.8
  Drsd Steer:           964   $292.53    10,659
  Drsd Heifer:          870   $292.39     4,738
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      Grading % Breakdown            :         Drop Credit      :       11.56
 Ch 600-900# :                 88.11%:         Steer Dressing % :      63.08%
 Ch 600-750# :                 35.62%:         Heifer Dressing %:      63.04%
 Ch 750-900# :                 52.49%:         Processing Cost  :       12.00
 Se 600-900# :                 11.89%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.10%:
 Se 750-900# :                  8.79%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 280.27                       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            14.12   $265.10   $277.28   $294.39   $291.35   $279.39
 Certified 1-3         5.16   $256.14   $268.32   $285.43   $282.39   $270.43
 Choice 1              3.35   $254.33   $266.51   $283.62   $280.58   $268.62
 Select 1             -4.57   $246.41   $258.59   $275.70   $272.66   $260.70
 Stndrd 1-3          -30.84   $220.14   $232.32   $249.43   $246.39   $234.43
 Prime 4               0.55   $251.53   $263.71   $280.82   $277.78   $265.82
 Choice 4            -12.27   $238.71   $250.89   $268.00   $264.96   $253.00
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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