NW_LS410 Des Moines, IA Thu, Mar 28, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $291.90 $282.06 Change => -0.15 1.33 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 130,749 head of cattle. SUPPLY (Live) 83,548 Hd Equivalent: $287.44 $274.96 DEMAND (Box) 47,201 Hd* Equivalent: $296.36 $289.17 Live-Box Spread: ($8.92) ($14.21) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $308.36 Weight Price Head : Se 600-900# $301.17 Live Steer: 1474 $189.43 41,327: Current Lds: 148.8 Live Heifer: 1349 $189.30 21,900: Previous Lds: 165.5 Drsd Steer: 965 $302.15 14,280 Drsd Heifer: 856 $302.22 6,041 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.90 Ch 600-900# : 88.13%: Steer Dressing % : 62.98% Ch 600-750# : 35.63%: Heifer Dressing %: 62.93% Ch 750-900# : 52.51%: Processing Cost : 12.00 Se 600-900# : 11.87%: Slaughter Cost : 50.50 Se 600-750# : 3.10%: Se 750-900# : 8.77%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 291.90 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 13.96 $276.57 $288.75 $305.86 $302.82 $290.15 Certified 1-3 5.50 $268.11 $280.29 $297.40 $294.36 $281.69 Choice 1 3.19 $265.80 $277.98 $295.09 $292.05 $279.38 Select 1 -8.81 $253.80 $265.98 $283.09 $280.05 $267.38 Stndrd 1-3 -34.29 $228.32 $240.50 $257.61 $254.57 $241.90 Prime 4 0.48 $263.09 $275.27 $292.38 $289.34 $276.67 Choice 4 -12.27 $250.34 $262.52 $279.63 $276.59 $263.92 ----------------------------------------------------------------------------- *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