NW_LS410
Des Moines, IA     Tue, May 14, 2024     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $287.42             $277.03
 Change =>                       2.75                3.34
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Current Index Reflects the Equivalent of 119,882 head of cattle.
SUPPLY (Live)  66,816 Hd
Equivalent:                   $282.44             $272.25
DEMAND (Box)   53,066 Hd*
Equivalent:                   $292.39             $281.82
Live-Box Spread:              ($9.95)             ($9.57)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $304.39
                  Weight   Price     Head      : Se 600-900#          $293.82
  Live Steer:          1473   $186.01    35,355: Current Lds:           121.4
  Live Heifer:         1341   $185.86    15,581: Previous Lds:          112.9
  Drsd Steer:           940   $295.57    12,950
  Drsd Heifer:          855   $295.38     2,930
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      Grading % Breakdown            :         Drop Credit      :       10.74
 Ch 600-900# :                 87.69%:         Steer Dressing % :      63.21%
 Ch 600-750# :                 35.45%:         Heifer Dressing %:      63.12%
 Ch 750-900# :                 52.24%:         Processing Cost  :       12.00
 Se 600-900# :                 12.31%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.21%:
 Se 750-900# :                  9.10%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 287.42                       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            14.26   $272.39   $284.57   $301.68   $298.64   $286.68
 Certified 1-3         5.44   $263.57   $275.75   $292.86   $289.82   $277.86
 Choice 1              3.35   $261.48   $273.66   $290.77   $287.73   $275.77
 Select 1             -6.32   $251.81   $263.99   $281.10   $278.06   $266.10
 Stndrd 1-3          -31.34   $226.79   $238.97   $256.08   $253.04   $241.08
 Prime 4               0.69   $258.82   $271.00   $288.11   $285.07   $273.11
 Choice 4            -12.27   $245.86   $258.04   $275.15   $272.11   $260.15
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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