NW_LS410 Des Moines, IA Fri, Nov 22, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $288.32 $257.14 Change => 0.76 0.02 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 80,084 head of cattle. SUPPLY (Live) 35,180 Hd Equivalent: $281.24 $254.22 DEMAND (Box) 44,904 Hd* Equivalent: $295.41 $260.07 Live-Box Spread: ($14.17) ($5.85) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $307.41 Weight Price Head : Se 600-900# $272.07 Live Steer: 1531 $185.42 19,711: Current Lds: 98.2 Live Heifer: 1349 $185.49 8,475: Previous Lds: 128.9 Drsd Steer: 974 $290.23 5,387 Drsd Heifer: 857 $290.10 1,607 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.10 Ch 600-900# : 87.55%: Steer Dressing % : 63.23% Ch 600-750# : 35.39%: Heifer Dressing %: 63.20% Ch 750-900# : 52.16%: Processing Cost : 12.00 Se 600-900# : 12.45%: Slaughter Cost : 50.50 Se 600-750# : 3.25%: Se 750-900# : 9.20%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 288.32 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 $276.58 $288.76 $305.87 $302.83 $290.42 Certified 1-3 5.80 $264.83 $277.01 $294.12 $291.08 $278.67 Choice 1 3.35 $262.38 $274.56 $291.67 $288.63 $276.22 Select 1 -23.23 $235.80 $247.98 $265.09 $262.05 $249.64 Stndrd 1-3 -38.41 $220.62 $232.80 $249.91 $246.87 $234.46 Prime 4 3.80 $262.83 $275.01 $292.12 $289.08 $276.67 Choice 4 -12.45 $246.58 $258.76 $275.87 $272.83 $260.42 ----------------------------------------------------------------------------- *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