NW_LS410 Des Moines, IA Wed, Nov 13, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $289.10 $261.44 Change => -0.85 -0.83 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 91,891 head of cattle. SUPPLY (Live) 38,412 Hd Equivalent: $283.25 $256.23 DEMAND (Box) 53,479 Hd* Equivalent: $294.94 $266.66 Live-Box Spread: ($11.69) ($10.43) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $306.94 Weight Price Head : Se 600-900# $278.66 Live Steer: 1522 $186.48 19,148: Current Lds: 133.7 Live Heifer: 1370 $186.53 8,681: Previous Lds: 123.5 Drsd Steer: 989 $293.30 8,780 Drsd Heifer: 875 $294.07 1,803 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.19 Ch 600-900# : 87.59%: Steer Dressing % : 63.27% Ch 600-750# : 35.41%: Heifer Dressing %: 63.11% Ch 750-900# : 52.18%: Processing Cost : 12.00 Se 600-900# : 12.41%: Slaughter Cost : 50.50 Se 600-750# : 3.24%: Se 750-900# : 9.17%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 289.10 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 $277.36 $289.54 $306.65 $303.61 $291.20 Certified 1-3 5.80 $265.61 $277.79 $294.90 $291.86 $279.45 Choice 1 3.35 $263.16 $275.34 $292.45 $289.41 $277.00 Select 1 -23.23 $236.58 $248.76 $265.87 $262.83 $250.42 Stndrd 1-3 -38.41 $221.40 $233.58 $250.69 $247.65 $235.24 Prime 4 3.80 $263.61 $275.79 $292.90 $289.86 $277.45 Choice 4 -12.45 $247.36 $259.54 $276.65 $273.61 $261.20 ----------------------------------------------------------------------------- *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