NW_LS410 Des Moines, IA Fri, Oct 04, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $286.50 $271.47 Change => 1.92 2.69 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 61,252 head of cattle. SUPPLY (Live) 10,337 Hd Equivalent: $282.41 $267.33 DEMAND (Box) 50,915 Hd* Equivalent: $290.58 $275.61 Live-Box Spread: ($8.17) ($8.28) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $302.58 Weight Price Head : Se 600-900# $287.61 Live Steer: 1467 $187.07 5,862: Current Lds: 104.7 Live Heifer: 1350 $186.29 2,212: Previous Lds: 146.0 Drsd Steer: 968 $295.54 2,223 Drsd Heifer: 914 $292.00 40 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.28 Ch 600-900# : 87.64%: Steer Dressing % : 63.56% Ch 600-750# : 35.43%: Heifer Dressing %: 63.37% 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# : 9.13%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 286.50 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.42 ----------------------------------------------------------------------------- Prime 1-3 15.69 $272.90 $285.08 $302.19 $299.15 $286.77 Certified 1-3 5.55 $262.76 $274.94 $292.05 $289.01 $276.63 Choice 1 3.35 $260.56 $272.74 $289.85 $286.81 $274.43 Select 1 -11.23 $245.98 $258.16 $275.27 $272.23 $259.85 Stndrd 1-3 -33.63 $223.58 $235.76 $252.87 $249.83 $237.45 Prime 4 1.94 $259.15 $271.33 $288.44 $285.40 $273.02 Choice 4 -12.45 $244.76 $256.94 $274.05 $271.01 $258.63 ----------------------------------------------------------------------------- *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