NW_LS410 Des Moines, IA Thu, Nov 21, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $287.56 $257.12 Change => 0.05 0.82 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 96,489 head of cattle. SUPPLY (Live) 50,350 Hd Equivalent: $280.34 $253.32 DEMAND (Box) 46,139 Hd* Equivalent: $294.79 $260.92 Live-Box Spread: ($14.45) ($7.60) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $306.79 Weight Price Head : Se 600-900# $272.92 Live Steer: 1548 $184.72 27,465: Current Lds: 128.9 Live Heifer: 1369 $184.90 11,918: Previous Lds: 128.0 Drsd Steer: 977 $290.08 9,402 Drsd Heifer: 874 $289.91 1,565 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.14 Ch 600-900# : 87.55%: Steer Dressing % : 63.22% Ch 600-750# : 35.39%: Heifer Dressing %: 63.10% 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 = 287.56 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 $275.82 $288.00 $305.11 $302.07 $289.66 Certified 1-3 5.80 $264.07 $276.25 $293.36 $290.32 $277.91 Choice 1 3.35 $261.62 $273.80 $290.91 $287.87 $275.46 Select 1 -23.23 $235.04 $247.22 $264.33 $261.29 $248.88 Stndrd 1-3 -38.41 $219.86 $232.04 $249.15 $246.11 $233.70 Prime 4 3.80 $262.07 $274.25 $291.36 $288.32 $275.91 Choice 4 -12.45 $245.82 $258.00 $275.11 $272.07 $259.66 ----------------------------------------------------------------------------- *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