NW_LS410 Des Moines, IA Fri, Nov 29, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $292.74 $259.66 Change => 1.45 1.81 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 147,806 head of cattle. SUPPLY (Live) 103,887 Hd Equivalent: $286.95 $257.03 DEMAND (Box) 43,919 Hd* Equivalent: $298.52 $262.30 Live-Box Spread: ($11.57) ($5.27) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $310.52 Weight Price Head : Se 600-900# $274.30 Live Steer: 1526 $188.40 64,625: Current Lds: 57.2 Live Heifer: 1367 $188.99 28,954: Previous Lds: 174.7 Drsd Steer: 979 $295.36 8,499 Drsd Heifer: 862 $293.26 1,809 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.20 Ch 600-900# : 87.46%: Steer Dressing % : 63.00% Ch 600-750# : 35.35%: Heifer Dressing %: 62.96% Ch 750-900# : 52.11%: Processing Cost : 12.00 Se 600-900# : 12.54%: Slaughter Cost : 50.50 Se 600-750# : 3.27%: Se 750-900# : 9.26%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 292.74 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.45 ----------------------------------------------------------------------------- Prime 1-3 17.91 $281.36 $293.54 $310.65 $307.61 $295.20 Certified 1-3 5.68 $269.13 $281.31 $298.42 $295.38 $282.97 Choice 1 3.35 $266.80 $278.98 $296.09 $293.05 $280.64 Select 1 -26.15 $237.30 $249.48 $266.59 $263.55 $251.14 Stndrd 1-3 -39.20 $224.25 $236.43 $253.54 $250.50 $238.09 Prime 4 4.16 $267.61 $279.79 $296.90 $293.86 $281.45 Choice 4 -12.45 $251.00 $263.18 $280.29 $277.25 $264.84 ----------------------------------------------------------------------------- *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