NW_LS410 Des Moines, IA Fri, May 10, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $282.37 $272.53 Change => 0.18 -0.20 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 92,085 head of cattle. SUPPLY (Live) 43,252 Hd Equivalent: $282.16 $272.88 DEMAND (Box) 48,833 Hd* Equivalent: $282.57 $272.17 Live-Box Spread: ($0.41) $0.71 ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $294.57 Weight Price Head : Se 600-900# $284.17 Live Steer: 1432 $185.17 24,730: Current Lds: 155.3 Live Heifer: 1309 $185.13 14,089: Previous Lds: 172.7 Drsd Steer: 911 $296.70 3,466 Drsd Heifer: 842 $295.45 967 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 10.77 Ch 600-900# : 87.81%: Steer Dressing % : 63.06% Ch 600-750# : 35.49%: Heifer Dressing %: 63.01% 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 = 282.37 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 $267.42 $279.60 $296.71 $293.67 $281.71 Certified 1-3 5.44 $258.52 $270.70 $287.81 $284.77 $272.81 Choice 1 3.35 $256.43 $268.61 $285.72 $282.68 $270.72 Select 1 -5.40 $247.68 $259.86 $276.97 $273.93 $261.97 Stndrd 1-3 -31.41 $221.67 $233.85 $250.96 $247.92 $235.96 Prime 4 0.77 $253.85 $266.03 $283.14 $280.10 $268.14 Choice 4 -12.27 $240.81 $252.99 $270.10 $267.06 $255.10 ----------------------------------------------------------------------------- *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