NW_LS410 Des Moines, IA Fri, Nov 08, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $289.43 $262.42 Change => -2.27 -1.77 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 67,523 head of cattle. SUPPLY (Live) 14,574 Hd Equivalent: $282.93 $257.65 DEMAND (Box) 52,949 Hd* Equivalent: $295.93 $267.19 Live-Box Spread: ($13.00) ($9.54) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $307.93 Weight Price Head : Se 600-900# $279.19 Live Steer: 1497 $188.10 4,799: Current Lds: 151.2 Live Heifer: 1393 $187.36 2,235: Previous Lds: 179.1 Drsd Steer: 995 $294.21 6,081 Drsd Heifer: 856 $294.55 1,459 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 10.93 Ch 600-900# : 87.56%: Steer Dressing % : 63.93% Ch 600-750# : 35.40%: Heifer Dressing %: 63.83% Ch 750-900# : 52.17%: Processing Cost : 12.00 Se 600-900# : 12.44%: Slaughter Cost : 50.50 Se 600-750# : 3.25%: Se 750-900# : 9.19%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 289.43 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.45 ----------------------------------------------------------------------------- Prime 1-3 17.55 $277.69 $289.87 $306.98 $303.94 $291.53 Certified 1-3 5.80 $265.94 $278.12 $295.23 $292.19 $279.78 Choice 1 3.35 $263.49 $275.67 $292.78 $289.74 $277.33 Select 1 -21.48 $238.66 $250.84 $267.95 $264.91 $252.50 Stndrd 1-3 -37.91 $222.23 $234.41 $251.52 $248.48 $236.07 Prime 4 3.80 $263.94 $276.12 $293.23 $290.19 $277.78 Choice 4 -12.45 $247.69 $259.87 $276.98 $273.94 $261.53 ----------------------------------------------------------------------------- *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