NW_LS410 Des Moines, IA Tue, Apr 23, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $281.13 $274.59 Change => 0.74 0.45 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 105,219 head of cattle. SUPPLY (Live) 57,051 Hd Equivalent: $276.86 $268.41 DEMAND (Box) 48,168 Hd* Equivalent: $285.40 $280.76 Live-Box Spread: ($8.54) ($12.35) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $297.40 Weight Price Head : Se 600-900# $292.76 Live Steer: 1474 $182.74 26,678: Current Lds: 146.8 Live Heifer: 1342 $182.62 14,821: Previous Lds: 103.6 Drsd Steer: 965 $292.50 10,654 Drsd Heifer: 870 $292.47 4,898 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.56 Ch 600-900# : 88.11%: Steer Dressing % : 63.07% Ch 600-750# : 35.62%: Heifer Dressing %: 63.03% Ch 750-900# : 52.49%: Processing Cost : 12.00 Se 600-900# : 11.89%: Slaughter Cost : 50.50 Se 600-750# : 3.10%: Se 750-900# : 8.79%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 281.13 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 14.12 $265.96 $278.14 $295.25 $292.21 $280.25 Certified 1-3 5.16 $257.00 $269.18 $286.29 $283.25 $271.29 Choice 1 3.35 $255.19 $267.37 $284.48 $281.44 $269.48 Select 1 -4.57 $247.27 $259.45 $276.56 $273.52 $261.56 Stndrd 1-3 -30.84 $221.00 $233.18 $250.29 $247.25 $235.29 Prime 4 0.55 $252.39 $264.57 $281.68 $278.64 $266.68 Choice 4 -12.27 $239.57 $251.75 $268.86 $265.82 $253.86 ----------------------------------------------------------------------------- *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