NW_LS410 Des Moines, IA Fri, Jul 19, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $297.85 $279.47 Change => -2.01 -1.19 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 97,860 head of cattle. SUPPLY (Live) 44,863 Hd Equivalent: $293.86 $272.15 DEMAND (Box) 52,997 Hd* Equivalent: $301.83 $286.80 Live-Box Spread: ($7.97) ($14.65) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $313.83 Weight Price Head : Se 600-900# $298.80 Live Steer: 1444 $193.84 23,384: Current Lds: 131.0 Live Heifer: 1303 $192.73 9,111: Previous Lds: 173.7 Drsd Steer: 944 $310.42 11,056 Drsd Heifer: 864 $310.30 1,312 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.57 Ch 600-900# : 87.55%: Steer Dressing % : 63.62% Ch 600-750# : 35.39%: Heifer Dressing %: 63.37% Ch 750-900# : 52.16%: Processing Cost : 12.00 Se 600-900# : 12.45%: Slaughter Cost : 50.50 Se 600-750# : 3.25%: Se 750-900# : 9.20%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 297.85 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 13.76 $282.32 $294.50 $311.61 $308.57 $296.61 Certified 1-3 6.01 $274.57 $286.75 $303.86 $300.82 $288.86 Choice 1 3.35 $271.91 $284.09 $301.20 $298.16 $286.20 Select 1 -17.90 $250.66 $262.84 $279.95 $276.91 $264.95 Stndrd 1-3 -36.34 $232.22 $244.40 $261.51 $258.47 $246.51 Prime 4 0.01 $268.57 $280.75 $297.86 $294.82 $282.86 Choice 4 -12.45 $256.11 $268.29 $285.40 $282.36 $270.40 ----------------------------------------------------------------------------- *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