NW_LS410 Des Moines, IA Thu, Apr 18, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $280.50 $272.92 Change => -0.57 -0.90 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 92,787 head of cattle. SUPPLY (Live) 49,816 Hd Equivalent: $277.19 $268.58 DEMAND (Box) 42,971 Hd* Equivalent: $283.80 $277.27 Live-Box Spread: ($6.61) ($8.69) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $295.80 Weight Price Head : Se 600-900# $289.27 Live Steer: 1493 $183.89 19,989: Current Lds: 142.7 Live Heifer: 1339 $183.14 8,512: Previous Lds: 122.7 Drsd Steer: 960 $293.39 16,935 Drsd Heifer: 867 $293.39 4,380 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.69 Ch 600-900# : 88.02%: Steer Dressing % : 63.49% Ch 600-750# : 35.58%: Heifer Dressing %: 63.37% Ch 750-900# : 52.44%: Processing Cost : 12.00 Se 600-900# : 11.98%: Slaughter Cost : 50.50 Se 600-750# : 3.13%: Se 750-900# : 8.85%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 280.50 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.71 ----------------------------------------------------------------------------- Prime 1-3 14.12 $265.33 $277.51 $294.62 $291.58 $278.91 Certified 1-3 5.30 $256.51 $268.69 $285.80 $282.76 $270.09 Choice 1 3.35 $254.56 $266.74 $283.85 $280.81 $268.14 Select 1 -4.73 $246.48 $258.66 $275.77 $272.73 $260.06 Stndrd 1-3 -30.27 $220.94 $233.12 $250.23 $247.19 $234.52 Prime 4 0.55 $251.76 $263.94 $281.05 $278.01 $265.34 Choice 4 -12.27 $238.94 $251.12 $268.23 $265.19 $252.52 ----------------------------------------------------------------------------- *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