NW_LS410 Des Moines, IA Thu, Apr 25, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $281.00 $273.14 Change => 0.73 -0.24 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 122,690 head of cattle. SUPPLY (Live) 74,306 Hd Equivalent: $277.08 $268.63 DEMAND (Box) 48,384 Hd* Equivalent: $284.92 $277.66 Live-Box Spread: ($7.84) ($9.03) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $296.92 Weight Price Head : Se 600-900# $289.66 Live Steer: 1443 $182.57 37,309: Current Lds: 120.2 Live Heifer: 1320 $182.41 21,657: Previous Lds: 148.1 Drsd Steer: 966 $292.46 10,587 Drsd Heifer: 870 $292.40 4,753 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.42 Ch 600-900# : 88.11%: Steer Dressing % : 62.98% Ch 600-750# : 35.62%: Heifer Dressing %: 62.94% Ch 750-900# : 52.49%: Processing Cost : 12.00 Se 600-900# : 11.89%: Slaughter Cost : 50.50 Se 600-750# : 3.10%: Se 750-900# : 8.79%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 281.00 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 14.12 $265.83 $278.01 $295.12 $292.08 $280.12 Certified 1-3 5.16 $256.87 $269.05 $286.16 $283.12 $271.16 Choice 1 3.35 $255.06 $267.24 $284.35 $281.31 $269.35 Select 1 -4.57 $247.14 $259.32 $276.43 $273.39 $261.43 Stndrd 1-3 -30.84 $220.87 $233.05 $250.16 $247.12 $235.16 Prime 4 0.55 $252.26 $264.44 $281.55 $278.51 $266.55 Choice 4 -12.27 $239.44 $251.62 $268.73 $265.69 $253.73 ----------------------------------------------------------------------------- *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 [email protected] 24 Hour recorded market information 515-284-4830 www.ams.usda.gov/mnreports/NW_LS410.txt www.ams.usda.gov/LPSMarketNewsPage