NW_LS410 Des Moines, IA Tue, Sep 10, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $285.09 $271.28 Change => -0.35 -0.94 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 110,058 head of cattle. SUPPLY (Live) 55,655 Hd Equivalent: $273.96 $257.54 DEMAND (Box) 54,403 Hd* Equivalent: $296.23 $285.01 Live-Box Spread: ($22.27) ($27.47) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $308.23 Weight Price Head : Se 600-900# $297.01 Live Steer: 1484 $181.48 28,595: Current Lds: 146.5 Live Heifer: 1330 $180.92 13,687: Previous Lds: 140.5 Drsd Steer: 974 $288.03 10,016 Drsd Heifer: 885 $288.12 3,357 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.33 Ch 600-900# : 87.60%: Steer Dressing % : 63.52% Ch 600-750# : 35.41%: Heifer Dressing %: 63.46% Ch 750-900# : 52.19%: Processing Cost : 12.00 Se 600-900# : 12.40%: Slaughter Cost : 50.50 Se 600-750# : 3.24%: Se 750-900# : 9.16%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 285.09 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 15.12 $270.92 $283.10 $300.21 $297.17 $284.79 Certified 1-3 5.43 $261.23 $273.41 $290.52 $287.48 $275.10 Choice 1 3.35 $259.15 $271.33 $288.44 $285.40 $273.02 Select 1 -12.57 $243.23 $255.41 $272.52 $269.48 $257.10 Stndrd 1-3 -33.84 $221.96 $234.14 $251.25 $248.21 $235.83 Prime 4 1.37 $257.17 $269.35 $286.46 $283.42 $271.04 Choice 4 -12.45 $243.35 $255.53 $272.64 $269.60 $257.22 ----------------------------------------------------------------------------- *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