NW_LS410 Des Moines, IA Fri, Jun 07, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $296.42 $282.07 Change => -0.14 -0.26 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 98,552 head of cattle. SUPPLY (Live) 54,383 Hd Equivalent: $288.09 $275.00 DEMAND (Box) 44,169 Hd* Equivalent: $304.75 $289.14 Live-Box Spread: ($16.66) ($14.14) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $316.75 Weight Price Head : Se 600-900# $301.14 Live Steer: 1468 $188.97 27,177: Current Lds: 119.5 Live Heifer: 1313 $187.76 12,560: Previous Lds: 121.0 Drsd Steer: 943 $300.90 11,696 Drsd Heifer: 850 $301.46 2,950 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.45 Ch 600-900# : 87.53%: Steer Dressing % : 63.34% Ch 600-750# : 35.38%: Heifer Dressing %: 63.26% Ch 750-900# : 52.15%: Processing Cost : 12.00 Se 600-900# : 12.47%: Slaughter Cost : 50.50 Se 600-750# : 3.26%: Se 750-900# : 9.22%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 296.42 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 14.05 $281.18 $293.36 $310.47 $307.43 $295.47 Certified 1-3 23.55 $290.68 $302.86 $319.97 $316.93 $304.97 Choice 1 3.35 $270.48 $282.66 $299.77 $296.73 $284.77 Select 1 -9.23 $257.90 $270.08 $287.19 $284.15 $272.19 Stndrd 1-3 -32.70 $234.43 $246.61 $263.72 $260.68 $248.72 Prime 4 0.48 $267.61 $279.79 $296.90 $293.86 $281.90 Choice 4 -12.27 $254.86 $267.04 $284.15 $281.11 $269.15 ----------------------------------------------------------------------------- *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