NW_LS410
Des Moines, IA     Wed, Nov 29, 2023     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $275.62             $246.49
 Change =>                      -0.60               -1.16
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 100,056 head of cattle.
SUPPLY (Live)  52,555 Hd
Equivalent:                   $266.20             $240.90
DEMAND (Box)   47,501 Hd*
Equivalent:                   $285.03             $252.09
Live-Box Spread:             ($18.83)            ($11.19)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $297.03
                  Weight   Price     Head      : Se 600-900#          $264.09
  Live Steer:          1452   $176.03    27,316: Current Lds:           137.4
  Live Heifer:         1340   $176.45    10,787: Previous Lds:          164.0
  Drsd Steer:           976   $278.91    11,415
  Drsd Heifer:          855   $278.66     3,037
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       12.36
 Ch 600-900# :                 85.11%:         Steer Dressing % :      63.26%
 Ch 600-750# :                 34.41%:         Heifer Dressing %:      63.16%
 Ch 750-900# :                 50.71%:         Processing Cost  :       12.00
 Se 600-900# :                 14.89%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.89%:
 Se 750-900# :                 11.00%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 275.62                       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            16.31   $262.64   $274.82   $291.93   $288.89   $276.22
 Certified 1-3         6.06   $252.39   $264.57   $281.68   $278.64   $265.97
 Choice 1              3.58   $249.91   $262.09   $279.20   $276.16   $263.49
 Select 1            -21.25   $225.08   $237.26   $254.37   $251.33   $238.66
 Stndrd 1-3          -36.22   $210.11   $222.29   $239.40   $236.36   $223.69
 Prime 4               3.04   $249.37   $261.55   $278.66   $275.62   $262.95
 Choice 4            -11.92   $234.41   $246.59   $263.70   $260.66   $247.99
-----------------------------------------------------------------------------
*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