NW_LS410 Des Moines, IA Tue, Oct 01, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $284.72 $269.74 Change => 1.07 0.40 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 112,264 head of cattle. SUPPLY (Live) 62,057 Hd Equivalent: $281.27 $266.19 DEMAND (Box) 50,207 Hd* Equivalent: $288.17 $273.30 Live-Box Spread: ($6.90) ($7.11) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $300.17 Weight Price Head : Se 600-900# $285.30 Live Steer: 1502 $186.25 32,029: Current Lds: 143.1 Live Heifer: 1252 $185.13 15,753: Previous Lds: 101.6 Drsd Steer: 976 $293.76 11,845 Drsd Heifer: 862 $293.88 2,430 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.30 Ch 600-900# : 87.64%: Steer Dressing % : 63.45% Ch 600-750# : 35.43%: Heifer Dressing %: 63.30% Ch 750-900# : 52.21%: Processing Cost : 12.00 Se 600-900# : 12.36%: Slaughter Cost : 50.50 Se 600-750# : 3.23%: Se 750-900# : 9.13%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 284.72 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 15.69 $271.12 $283.30 $300.41 $297.37 $284.99 Certified 1-3 5.55 $260.98 $273.16 $290.27 $287.23 $274.85 Choice 1 3.35 $258.78 $270.96 $288.07 $285.03 $272.65 Select 1 -11.23 $244.20 $256.38 $273.49 $270.45 $258.07 Stndrd 1-3 -33.63 $221.80 $233.98 $251.09 $248.05 $235.67 Prime 4 1.94 $257.37 $269.55 $286.66 $283.62 $271.24 Choice 4 -12.45 $242.98 $255.16 $272.27 $269.23 $256.85 ----------------------------------------------------------------------------- *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