NW_LS410 Des Moines, IA Tue, Feb 27, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $284.13 $271.69 Change => 0.08 1.31 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 102,087 head of cattle. SUPPLY (Live) 58,872 Hd Equivalent: $278.53 $264.97 DEMAND (Box) 43,215 Hd* Equivalent: $289.74 $278.40 Live-Box Spread: ($11.21) ($13.43) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $301.74 Weight Price Head : Se 600-900# $290.40 Live Steer: 1496 $182.96 28,684: Current Lds: 99.9 Live Heifer: 1353 $182.92 17,112: Previous Lds: 82.3 Drsd Steer: 936 $291.57 9,639 Drsd Heifer: 850 $291.68 3,437 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.66 Ch 600-900# : 86.76%: Steer Dressing % : 62.80% Ch 600-750# : 35.07%: Heifer Dressing %: 62.73% Ch 750-900# : 51.69%: Processing Cost : 12.00 Se 600-900# : 13.24%: Slaughter Cost : 50.50 Se 600-750# : 3.45%: Se 750-900# : 9.78%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 284.13 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 14.53 $269.37 $281.55 $298.66 $295.62 $282.95 Certified 1-3 5.21 $260.05 $272.23 $289.34 $286.30 $273.63 Choice 1 3.19 $258.03 $270.21 $287.32 $284.28 $271.61 Select 1 -9.89 $244.95 $257.13 $274.24 $271.20 $258.53 Stndrd 1-3 -34.36 $220.48 $232.66 $249.77 $246.73 $234.06 Prime 4 1.05 $255.89 $268.07 $285.18 $282.14 $269.47 Choice 4 -12.27 $242.57 $254.75 $271.86 $268.82 $256.15 ----------------------------------------------------------------------------- *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