NW_LS410 Des Moines, IA Mon, Oct 21, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $296.94 $272.59 Change => 1.28 -1.18 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 112,912 head of cattle. SUPPLY (Live) 62,834 Hd Equivalent: $283.01 $260.97 DEMAND (Box) 50,078 Hd* Equivalent: $310.86 $284.21 Live-Box Spread: ($27.85) ($23.24) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $322.86 Weight Price Head : Se 600-900# $296.21 Live Steer: 1521 $187.68 35,991: Current Lds: 118.0 Live Heifer: 1355 $187.62 12,362: Previous Lds: 126.1 Drsd Steer: 990 $296.40 12,321 Drsd Heifer: 865 $295.93 2,160 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.34 Ch 600-900# : 87.50%: Steer Dressing % : 63.52% Ch 600-750# : 35.37%: Heifer Dressing %: 63.43% Ch 750-900# : 52.13%: Processing Cost : 12.00 Se 600-900# : 12.50%: Slaughter Cost : 50.50 Se 600-750# : 3.26%: Se 750-900# : 9.24%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 296.94 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 17.55 $285.20 $297.38 $314.49 $311.45 $299.04 Certified 1-3 5.43 $273.08 $285.26 $302.37 $299.33 $286.92 Choice 1 3.35 $271.00 $283.18 $300.29 $297.25 $284.84 Select 1 -18.23 $249.42 $261.60 $278.71 $275.67 $263.26 Stndrd 1-3 -36.70 $230.95 $243.13 $260.24 $257.20 $244.79 Prime 4 3.80 $271.45 $283.63 $300.74 $297.70 $285.29 Choice 4 -12.45 $255.20 $267.38 $284.49 $281.45 $269.04 ----------------------------------------------------------------------------- *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