NW_LS410 Des Moines, IA Tue, Sep 17, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $282.74 $269.15 Change => -0.32 0.06 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 106,828 head of cattle. SUPPLY (Live) 50,804 Hd Equivalent: $273.58 $258.08 DEMAND (Box) 56,024 Hd* Equivalent: $291.91 $280.22 Live-Box Spread: ($18.33) ($22.14) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $303.91 Weight Price Head : Se 600-900# $292.22 Live Steer: 1485 $182.62 25,711: Current Lds: 156.5 Live Heifer: 1327 $181.89 11,879: Previous Lds: 134.3 Drsd Steer: 955 $290.63 11,145 Drsd Heifer: 862 $289.93 2,069 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.33 Ch 600-900# : 87.38%: Steer Dressing % : 63.65% Ch 600-750# : 35.32%: Heifer Dressing %: 63.50% Ch 750-900# : 52.06%: Processing Cost : 12.00 Se 600-900# : 12.62%: Slaughter Cost : 50.50 Se 600-750# : 3.29%: Se 750-900# : 9.32%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 282.74 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.42 ----------------------------------------------------------------------------- Prime 1-3 15.41 $268.86 $281.04 $298.15 $295.11 $282.73 Certified 1-3 5.43 $258.88 $271.06 $288.17 $285.13 $272.75 Choice 1 3.35 $256.80 $268.98 $286.09 $283.05 $270.67 Select 1 -11.65 $241.80 $253.98 $271.09 $268.05 $255.67 Stndrd 1-3 -33.77 $219.68 $231.86 $248.97 $245.93 $233.55 Prime 4 1.66 $255.11 $267.29 $284.40 $281.36 $268.98 Choice 4 -12.45 $241.00 $253.18 $270.29 $267.25 $254.87 ----------------------------------------------------------------------------- *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