NW_LS410 Des Moines, IA Thu, May 16, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $290.32 $278.40 Change => 1.83 1.24 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 113,706 head of cattle. SUPPLY (Live) 67,708 Hd Equivalent: $282.49 $272.29 DEMAND (Box) 45,998 Hd* Equivalent: $298.15 $284.51 Live-Box Spread: ($15.66) ($12.22) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $310.15 Weight Price Head : Se 600-900# $296.51 Live Steer: 1471 $186.01 36,061: Current Lds: 115.1 Live Heifer: 1337 $185.84 16,128: Previous Lds: 108.7 Drsd Steer: 941 $295.46 12,589 Drsd Heifer: 855 $295.38 2,930 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 10.70 Ch 600-900# : 87.69%: Steer Dressing % : 63.20% Ch 600-750# : 35.45%: Heifer Dressing %: 63.11% Ch 750-900# : 52.24%: Processing Cost : 12.00 Se 600-900# : 12.31%: Slaughter Cost : 50.50 Se 600-750# : 3.21%: Se 750-900# : 9.10%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 290.32 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 14.26 $275.29 $287.47 $304.58 $301.54 $289.58 Certified 1-3 5.44 $266.47 $278.65 $295.76 $292.72 $280.76 Choice 1 3.35 $264.38 $276.56 $293.67 $290.63 $278.67 Select 1 -6.32 $254.71 $266.89 $284.00 $280.96 $269.00 Stndrd 1-3 -31.34 $229.69 $241.87 $258.98 $255.94 $243.98 Prime 4 0.69 $261.72 $273.90 $291.01 $287.97 $276.01 Choice 4 -12.27 $248.76 $260.94 $278.05 $275.01 $263.05 ----------------------------------------------------------------------------- *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