NW_LS410 Des Moines, IA Wed, Jul 10, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $303.62 $282.62 Change => -2.13 -1.51 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 91,101 head of cattle. SUPPLY (Live) 48,226 Hd Equivalent: $295.19 $273.31 DEMAND (Box) 42,875 Hd* Equivalent: $312.05 $291.94 Live-Box Spread: ($16.86) ($18.63) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $324.05 Weight Price Head : Se 600-900# $303.94 Live Steer: 1433 $194.89 29,743: Current Lds: 156.4 Live Heifer: 1331 $194.14 11,125: Previous Lds: 130.4 Drsd Steer: 933 $313.90 5,776 Drsd Heifer: 840 $313.98 1,582 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.77 Ch 600-900# : 87.55%: Steer Dressing % : 63.48% Ch 600-750# : 35.39%: Heifer Dressing %: 63.45% 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 = 303.62 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 13.69 $288.02 $300.20 $317.31 $314.27 $302.31 Certified 1-3 6.30 $280.63 $292.81 $309.92 $306.88 $294.92 Choice 1 3.35 $277.68 $289.86 $306.97 $303.93 $291.97 Select 1 -18.07 $256.26 $268.44 $285.55 $282.51 $270.55 Stndrd 1-3 -35.84 $238.49 $250.67 $267.78 $264.74 $252.78 Prime 4 -0.06 $274.27 $286.45 $303.56 $300.52 $288.56 Choice 4 -12.45 $261.88 $274.06 $291.17 $288.13 $276.17 ----------------------------------------------------------------------------- *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