NW_LS410 Des Moines, IA Wed, Sep 25, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $282.09 $267.35 Change => -1.84 -1.78 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 117,009 head of cattle. SUPPLY (Live) 63,913 Hd Equivalent: $278.01 $263.42 DEMAND (Box) 53,096 Hd* Equivalent: $286.17 $271.28 Live-Box Spread: ($8.16) ($7.86) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $298.17 Weight Price Head : Se 600-900# $283.28 Live Steer: 1493 $184.26 33,189: Current Lds: 171.0 Live Heifer: 1334 $184.07 15,071: Previous Lds: 139.7 Drsd Steer: 974 $290.49 12,292 Drsd Heifer: 852 $290.96 3,361 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.32 Ch 600-900# : 87.64%: Steer Dressing % : 63.53% Ch 600-750# : 35.43%: Heifer Dressing %: 63.43% 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 = 282.09 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 15.59 $268.39 $280.57 $297.68 $294.64 $282.26 Certified 1-3 5.55 $258.35 $270.53 $287.64 $284.60 $272.22 Choice 1 3.35 $256.15 $268.33 $285.44 $282.40 $270.02 Select 1 -10.73 $242.07 $254.25 $271.36 $268.32 $255.94 Stndrd 1-3 -33.63 $219.17 $231.35 $248.46 $245.42 $233.04 Prime 4 1.84 $254.64 $266.82 $283.93 $280.89 $268.51 Choice 4 -12.45 $240.35 $252.53 $269.64 $266.60 $254.22 ----------------------------------------------------------------------------- *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