NW_LS410 Des Moines, IA Thu, Aug 01, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $298.87 $281.84 Change => -0.88 -1.24 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 100,118 head of cattle. SUPPLY (Live) 52,212 Hd Equivalent: $296.96 $278.23 DEMAND (Box) 47,906 Hd* Equivalent: $300.79 $285.46 Live-Box Spread: ($3.83) ($7.23) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $312.79 Weight Price Head : Se 600-900# $297.46 Live Steer: 1457 $195.64 28,716: Current Lds: 128.2 Live Heifer: 1325 $195.21 10,843: Previous Lds: 144.7 Drsd Steer: 937 $311.49 10,641 Drsd Heifer: 841 $310.51 2,012 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.40 Ch 600-900# : 87.50%: Steer Dressing % : 63.32% Ch 600-750# : 35.37%: Heifer Dressing %: 63.10% Ch 750-900# : 52.13%: Processing Cost : 12.00 Se 600-900# : 12.50%: Slaughter Cost : 50.50 Se 600-750# : 3.26%: Se 750-900# : 9.24%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 298.87 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 14.05 $283.63 $295.81 $312.92 $309.88 $297.92 Certified 1-3 5.18 $274.76 $286.94 $304.05 $301.01 $289.05 Choice 1 3.35 $272.93 $285.11 $302.22 $299.18 $287.22 Select 1 -14.90 $254.68 $266.86 $283.97 $280.93 $268.97 Stndrd 1-3 -34.77 $234.81 $246.99 $264.10 $261.06 $249.10 Prime 4 0.30 $269.88 $282.06 $299.17 $296.13 $284.17 Choice 4 -12.45 $257.13 $269.31 $286.42 $283.38 $271.42 ----------------------------------------------------------------------------- *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