NW_LS410
Des Moines, IA     Thu, Dec 05, 2024     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $293.22             $261.89
 Change =>                      -0.22               -0.27
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Current Index Reflects the Equivalent of 105,844 head of cattle.
SUPPLY (Live)  63,963 Hd
Equivalent:                   $290.59             $258.68
DEMAND (Box)   41,881 Hd*
Equivalent:                   $295.84             $265.10
Live-Box Spread:              ($5.25)             ($6.42)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $307.84
                  Weight   Price     Head      : Se 600-900#          $277.10
  Live Steer:          1525   $190.09    37,975: Current Lds:           111.7
  Live Heifer:         1370   $190.30    20,169: Previous Lds:          154.9
  Drsd Steer:           978   $297.40     4,644
  Drsd Heifer:          861   $294.89     1,175
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      Grading % Breakdown            :         Drop Credit      :       11.45
 Ch 600-900# :                 87.64%:         Steer Dressing % :      63.02%
 Ch 600-750# :                 35.43%:         Heifer Dressing %:      62.96%
 Ch 750-900# :                 52.21%:         Processing Cost  :       12.00
 Se 600-900# :                 12.36%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.23%:
 Se 750-900# :                  9.14%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 293.22                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -29.29    -17.11               -3.04    -15.45
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 Prime 1-3            18.12   $282.05   $294.23   $311.34   $308.30   $295.89
 Certified 1-3         5.68   $269.61   $281.79   $298.90   $295.86   $283.45
 Choice 1              3.35   $267.28   $279.46   $296.57   $293.53   $281.12
 Select 1            -28.15   $235.78   $247.96   $265.07   $262.03   $249.62
 Stndrd 1-3          -40.91   $223.02   $235.20   $252.31   $249.27   $236.86
 Prime 4               4.37   $268.30   $280.48   $297.59   $294.55   $282.14
 Choice 4            -12.45   $251.48   $263.66   $280.77   $277.73   $265.32
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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