NW_LS410 Des Moines, IA Mon, Mar 18, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $292.10 $280.64 Change => 0.85 0.75 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 106,409 head of cattle. SUPPLY (Live) 68,984 Hd Equivalent: $282.87 $270.22 DEMAND (Box) 37,425 Hd* Equivalent: $301.33 $291.05 Live-Box Spread: ($18.46) ($20.83) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $313.33 Weight Price Head : Se 600-900# $303.05 Live Steer: 1504 $187.42 30,697: Current Lds: 113.6 Live Heifer: 1359 $187.14 19,975: Previous Lds: 88.0 Drsd Steer: 956 $297.95 12,213 Drsd Heifer: 867 $298.10 6,099 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.80 Ch 600-900# : 88.07%: Steer Dressing % : 63.36% Ch 600-750# : 35.60%: Heifer Dressing %: 63.27% Ch 750-900# : 52.47%: Processing Cost : 12.00 Se 600-900# : 11.93%: Slaughter Cost : 50.50 Se 600-750# : 3.12%: Se 750-900# : 8.82%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 292.10 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.71 ----------------------------------------------------------------------------- Prime 1-3 14.10 $276.91 $289.09 $306.20 $303.16 $290.49 Certified 1-3 5.50 $268.31 $280.49 $297.60 $294.56 $281.89 Choice 1 3.19 $266.00 $278.18 $295.29 $292.25 $279.58 Select 1 -8.98 $253.83 $266.01 $283.12 $280.08 $267.41 Stndrd 1-3 -34.29 $228.52 $240.70 $257.81 $254.77 $242.10 Prime 4 0.62 $263.43 $275.61 $292.72 $289.68 $277.01 Choice 4 -12.27 $250.54 $262.72 $279.83 $276.79 $264.12 ----------------------------------------------------------------------------- *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