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
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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
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      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%:
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 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
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 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
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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