NW_LS410
Des Moines, IA     Fri, Jul 26, 2024     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $297.58             $279.61
 Change =>                      -0.05                0.48
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Current Index Reflects the Equivalent of 81,092 head of cattle.
SUPPLY (Live)  26,055 Hd
Equivalent:                   $293.40             $273.75
DEMAND (Box)   55,037 Hd*
Equivalent:                   $301.77             $285.46
Live-Box Spread:              ($8.37)            ($11.71)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $313.77
                  Weight   Price     Head      : Se 600-900#          $297.46
  Live Steer:          1444   $194.36    17,837: Current Lds:           101.2
  Live Heifer:         1283   $191.78     3,951: Previous Lds:          130.8
  Drsd Steer:           928   $309.83     3,147
  Drsd Heifer:          827   $308.38     1,120
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      Grading % Breakdown            :         Drop Credit      :       11.50
 Ch 600-900# :                 87.51%:         Steer Dressing % :      63.51%
 Ch 600-750# :                 35.37%:         Heifer Dressing %:      63.55%
 Ch 750-900# :                 52.14%:         Processing Cost  :       12.00
 Se 600-900# :                 12.49%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.26%:
 Se 750-900# :                  9.23%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 297.58                       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            13.76   $282.05   $294.23   $311.34   $308.30   $296.34
 Certified 1-3         5.55   $273.84   $286.02   $303.13   $300.09   $288.13
 Choice 1              3.35   $271.64   $283.82   $300.93   $297.89   $285.93
 Select 1            -15.82   $252.47   $264.65   $281.76   $278.72   $266.76
 Stndrd 1-3          -35.27   $233.02   $245.20   $262.31   $259.27   $247.31
 Prime 4               0.01   $268.30   $280.48   $297.59   $294.55   $282.59
 Choice 4            -12.45   $255.84   $268.02   $285.13   $282.09   $270.13
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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