NW_LS410 Des Moines, IA Mon, Dec 04, 2023 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $273.35 $243.42 Change => -1.46 -2.75 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 121,093 head of cattle. SUPPLY (Live) 60,306 Hd Equivalent: $263.97 $236.01 DEMAND (Box) 60,787 Hd* Equivalent: $282.72 $250.83 Live-Box Spread: ($18.75) ($14.82) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $294.72 Weight Price Head : Se 600-900# $262.83 Live Steer: 1488 $174.53 34,012: Current Lds: 169.2 Live Heifer: 1358 $174.33 13,905: Previous Lds: 158.5 Drsd Steer: 962 $274.86 8,768 Drsd Heifer: 861 $275.04 3,621 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 12.24 Ch 600-900# : 86.13%: Steer Dressing % : 63.11% Ch 600-750# : 34.81%: Heifer Dressing %: 63.09% Ch 750-900# : 51.31%: Processing Cost : 12.00 Se 600-900# : 13.87%: Slaughter Cost : 50.50 Se 600-750# : 3.62%: Se 750-900# : 10.25%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 273.35 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 16.10 $260.16 $272.34 $289.45 $286.41 $273.74 Certified 1-3 5.92 $249.98 $262.16 $279.27 $276.23 $263.56 Choice 1 3.58 $247.64 $259.82 $276.93 $273.89 $261.22 Select 1 -23.92 $220.14 $232.32 $249.43 $246.39 $233.72 Stndrd 1-3 -36.94 $207.12 $219.30 $236.41 $233.37 $220.70 Prime 4 2.83 $246.89 $259.07 $276.18 $273.14 $260.47 Choice 4 -11.92 $232.14 $244.32 $261.43 $258.39 $245.72 ----------------------------------------------------------------------------- *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