NW_LS410 Des Moines, IA Wed, May 08, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $282.95 $274.10 Change => -1.00 -2.14 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 116,750 head of cattle. SUPPLY (Live) 72,924 Hd Equivalent: $281.23 $271.95 DEMAND (Box) 43,826 Hd* Equivalent: $284.67 $276.25 Live-Box Spread: ($3.44) ($4.30) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $296.67 Weight Price Head : Se 600-900# $288.25 Live Steer: 1457 $185.87 34,864: Current Lds: 145.3 Live Heifer: 1326 $185.53 16,572: Previous Lds: 100.1 Drsd Steer: 950 $295.11 15,800 Drsd Heifer: 864 $294.56 5,688 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.41 Ch 600-900# : 87.81%: Steer Dressing % : 63.22% Ch 600-750# : 35.49%: Heifer Dressing %: 63.19% Ch 750-900# : 52.31%: Processing Cost : 12.00 Se 600-900# : 12.19%: Slaughter Cost : 50.50 Se 600-750# : 3.18%: Se 750-900# : 9.01%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 282.95 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.00 ----------------------------------------------------------------------------- Prime 1-3 14.34 $268.00 $280.18 $297.29 $294.25 $282.29 Certified 1-3 5.44 $259.10 $271.28 $288.39 $285.35 $273.39 Choice 1 3.35 $257.01 $269.19 $286.30 $283.26 $271.30 Select 1 -5.40 $248.26 $260.44 $277.55 $274.51 $262.55 Stndrd 1-3 -31.41 $222.25 $234.43 $251.54 $248.50 $236.54 Prime 4 0.77 $254.43 $266.61 $283.72 $280.68 $268.72 Choice 4 -12.27 $241.39 $253.57 $270.68 $267.64 $255.68 ----------------------------------------------------------------------------- *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