NW_LS410 Des Moines, IA Fri, Aug 02, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $299.16 $281.49 Change => 0.29 -0.35 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 121,367 head of cattle. SUPPLY (Live) 72,792 Hd Equivalent: $296.55 $277.82 DEMAND (Box) 48,575 Hd* Equivalent: $301.77 $285.17 Live-Box Spread: ($5.22) ($7.35) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $313.77 Weight Price Head : Se 600-900# $297.17 Live Steer: 1465 $195.72 36,940: Current Lds: 110.1 Live Heifer: 1335 $195.42 13,503: Previous Lds: 128.2 Drsd Steer: 946 $310.81 18,345 Drsd Heifer: 843 $310.23 4,004 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.46 Ch 600-900# : 87.50%: Steer Dressing % : 63.42% Ch 600-750# : 35.37%: Heifer Dressing %: 63.24% 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 = 299.16 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 $283.92 $296.10 $313.21 $310.17 $298.21 Certified 1-3 5.18 $275.05 $287.23 $304.34 $301.30 $289.34 Choice 1 3.35 $273.22 $285.40 $302.51 $299.47 $287.51 Select 1 -14.90 $254.97 $267.15 $284.26 $281.22 $269.26 Stndrd 1-3 -34.77 $235.10 $247.28 $264.39 $261.35 $249.39 Prime 4 0.30 $270.17 $282.35 $299.46 $296.42 $284.46 Choice 4 -12.45 $257.42 $269.60 $286.71 $283.67 $271.71 ----------------------------------------------------------------------------- *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