NW_LS410 Des Moines, IA Wed, Nov 20, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $287.51 $256.30 Change => -1.20 -0.46 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 108,326 head of cattle. SUPPLY (Live) 55,918 Hd Equivalent: $280.62 $253.60 DEMAND (Box) 52,408 Hd* Equivalent: $294.39 $258.99 Live-Box Spread: ($13.77) ($5.39) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $306.39 Weight Price Head : Se 600-900# $270.99 Live Steer: 1541 $184.77 30,952: Current Lds: 128.0 Live Heifer: 1365 $184.86 12,999: Previous Lds: 134.6 Drsd Steer: 980 $290.89 10,455 Drsd Heifer: 883 $290.50 1,512 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.14 Ch 600-900# : 87.55%: Steer Dressing % : 63.19% Ch 600-750# : 35.39%: Heifer Dressing %: 63.08% 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 = 287.51 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 $275.77 $287.95 $305.06 $302.02 $289.61 Certified 1-3 5.80 $264.02 $276.20 $293.31 $290.27 $277.86 Choice 1 3.35 $261.57 $273.75 $290.86 $287.82 $275.41 Select 1 -23.23 $234.99 $247.17 $264.28 $261.24 $248.83 Stndrd 1-3 -38.41 $219.81 $231.99 $249.10 $246.06 $233.65 Prime 4 3.80 $262.02 $274.20 $291.31 $288.27 $275.86 Choice 4 -12.45 $245.77 $257.95 $275.06 $272.02 $259.61 ----------------------------------------------------------------------------- *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