NW_LS410
Des Moines, IA     Thu, Jun 06, 2024     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $296.56             $282.33
 Change =>                       0.67               -0.07
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Current Index Reflects the Equivalent of 99,409 head of cattle.
SUPPLY (Live)  54,667 Hd
Equivalent:                   $288.92             $275.83
DEMAND (Box)   44,742 Hd*
Equivalent:                   $304.21             $288.83
Live-Box Spread:             ($15.29)            ($13.00)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $316.21
                  Weight   Price     Head      : Se 600-900#          $300.83
  Live Steer:          1455   $188.96    27,904: Current Lds:           121.0
  Live Heifer:         1332   $188.59    11,807: Previous Lds:          114.9
  Drsd Steer:           946   $301.15    11,966
  Drsd Heifer:          851   $301.39     2,990
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      Grading % Breakdown            :         Drop Credit      :       11.29
 Ch 600-900# :                 87.53%:         Steer Dressing % :      63.28%
 Ch 600-750# :                 35.38%:         Heifer Dressing %:      63.17%
 Ch 750-900# :                 52.15%:         Processing Cost  :       12.00
 Se 600-900# :                 12.47%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.26%:
 Se 750-900# :                  9.22%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 296.56                       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            14.05   $281.32   $293.50   $310.61   $307.57   $295.61
 Certified 1-3        23.55   $290.82   $303.00   $320.11   $317.07   $305.11
 Choice 1              3.35   $270.62   $282.80   $299.91   $296.87   $284.91
 Select 1             -9.23   $258.04   $270.22   $287.33   $284.29   $272.33
 Stndrd 1-3          -32.70   $234.57   $246.75   $263.86   $260.82   $248.86
 Prime 4               0.48   $267.75   $279.93   $297.04   $294.00   $282.04
 Choice 4            -12.27   $255.00   $267.18   $284.29   $281.25   $269.29
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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