NW_LS410 Des Moines, IA Tue, May 07, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $283.95 $276.24 Change => -0.10 1.34 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 121,096 head of cattle. SUPPLY (Live) 74,207 Hd Equivalent: $281.42 $272.14 DEMAND (Box) 46,889 Hd* Equivalent: $286.49 $280.34 Live-Box Spread: ($5.07) ($8.20) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $298.49 Weight Price Head : Se 600-900# $292.34 Live Steer: 1460 $185.87 35,788: Current Lds: 100.1 Live Heifer: 1326 $185.53 16,496: Previous Lds: 77.7 Drsd Steer: 951 $295.00 16,235 Drsd Heifer: 864 $294.56 5,688 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.27 Ch 600-900# : 87.81%: Steer Dressing % : 63.22% Ch 600-750# : 35.49%: Heifer Dressing %: 63.19% Ch 750-900# : 52.31%: Processing Cost : 12.00 Se 600-900# : 12.19%: Slaughter Cost : 50.50 Se 600-750# : 3.18%: Se 750-900# : 9.01%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 283.95 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.00 ----------------------------------------------------------------------------- Prime 1-3 14.34 $269.00 $281.18 $298.29 $295.25 $283.29 Certified 1-3 5.44 $260.10 $272.28 $289.39 $286.35 $274.39 Choice 1 3.35 $258.01 $270.19 $287.30 $284.26 $272.30 Select 1 -5.40 $249.26 $261.44 $278.55 $275.51 $263.55 Stndrd 1-3 -31.41 $223.25 $235.43 $252.54 $249.50 $237.54 Prime 4 0.77 $255.43 $267.61 $284.72 $281.68 $269.72 Choice 4 -12.27 $242.39 $254.57 $271.68 $268.64 $256.68 ----------------------------------------------------------------------------- *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