NW_LS410 Des Moines, IA Thu, Oct 17, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $294.68 $273.15 Change => 0.10 0.61 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 106,643 head of cattle. SUPPLY (Live) 61,249 Hd Equivalent: $282.10 $264.79 DEMAND (Box) 45,394 Hd* Equivalent: $307.26 $281.52 Live-Box Spread: ($25.16) ($16.73) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $319.26 Weight Price Head : Se 600-900# $293.52 Live Steer: 1521 $187.43 28,415: Current Lds: 143.2 Live Heifer: 1353 $187.28 16,022: Previous Lds: 144.8 Drsd Steer: 984 $296.15 14,872 Drsd Heifer: 882 $295.91 1,940 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.34 Ch 600-900# : 87.56%: Steer Dressing % : 63.72% Ch 600-750# : 35.39%: Heifer Dressing %: 63.51% Ch 750-900# : 52.16%: Processing Cost : 12.00 Se 600-900# : 12.44%: Slaughter Cost : 50.50 Se 600-750# : 3.25%: Se 750-900# : 9.20%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 294.68 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 17.34 $282.73 $294.91 $312.02 $308.98 $296.57 Certified 1-3 5.43 $270.82 $283.00 $300.11 $297.07 $284.66 Choice 1 3.35 $268.74 $280.92 $298.03 $294.99 $282.58 Select 1 -13.48 $251.91 $264.09 $281.20 $278.16 $265.75 Stndrd 1-3 -35.49 $229.90 $242.08 $259.19 $256.15 $243.74 Prime 4 3.59 $268.98 $281.16 $298.27 $295.23 $282.82 Choice 4 -12.45 $252.94 $265.12 $282.23 $279.19 $266.78 ----------------------------------------------------------------------------- *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