NW_LS410 Des Moines, IA Thu, Nov 14, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $287.28 $260.20 Change => -1.82 -1.24 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 104,973 head of cattle. SUPPLY (Live) 48,991 Hd Equivalent: $282.77 $255.75 DEMAND (Box) 55,982 Hd* Equivalent: $291.80 $264.66 Live-Box Spread: ($9.03) ($8.91) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $303.80 Weight Price Head : Se 600-900# $276.66 Live Steer: 1522 $186.17 24,517: Current Lds: 212.5 Live Heifer: 1366 $186.31 9,923: Previous Lds: 133.7 Drsd Steer: 986 $293.13 11,980 Drsd Heifer: 872 $293.20 2,571 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.22 Ch 600-900# : 87.59%: Steer Dressing % : 63.26% Ch 600-750# : 35.41%: Heifer Dressing %: 63.13% 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 = 287.28 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 $275.54 $287.72 $304.83 $301.79 $289.38 Certified 1-3 5.80 $263.79 $275.97 $293.08 $290.04 $277.63 Choice 1 3.35 $261.34 $273.52 $290.63 $287.59 $275.18 Select 1 -23.23 $234.76 $246.94 $264.05 $261.01 $248.60 Stndrd 1-3 -38.41 $219.58 $231.76 $248.87 $245.83 $233.42 Prime 4 3.80 $261.79 $273.97 $291.08 $288.04 $275.63 Choice 4 -12.45 $245.54 $257.72 $274.83 $271.79 $259.38 ----------------------------------------------------------------------------- *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