NW_LS410 Des Moines, IA Tue, Apr 16, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $281.66 $274.66 Change => -1.39 0.68 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 95,207 head of cattle. SUPPLY (Live) 53,177 Hd Equivalent: $277.30 $268.69 DEMAND (Box) 42,030 Hd* Equivalent: $286.02 $280.64 Live-Box Spread: ($8.72) ($11.95) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $298.02 Weight Price Head : Se 600-900# $292.64 Live Steer: 1494 $183.95 21,397: Current Lds: 111.3 Live Heifer: 1344 $183.30 9,773: Previous Lds: 90.2 Drsd Steer: 962 $293.55 17,747 Drsd Heifer: 868 $293.32 4,260 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.72 Ch 600-900# : 88.02%: Steer Dressing % : 63.46% Ch 600-750# : 35.58%: Heifer Dressing %: 63.31% 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 = 281.66 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 $266.49 $278.67 $295.78 $292.74 $280.07 Certified 1-3 5.30 $257.67 $269.85 $286.96 $283.92 $271.25 Choice 1 3.35 $255.72 $267.90 $285.01 $281.97 $269.30 Select 1 -4.73 $247.64 $259.82 $276.93 $273.89 $261.22 Stndrd 1-3 -30.27 $222.10 $234.28 $251.39 $248.35 $235.68 Prime 4 0.55 $252.92 $265.10 $282.21 $279.17 $266.50 Choice 4 -12.27 $240.10 $252.28 $269.39 $266.35 $253.68 ----------------------------------------------------------------------------- *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