Beef Carcass Price Equivalent Index Value
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
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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
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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%:
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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
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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
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*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