NW_LS410 Des Moines, IA Wed, Apr 17, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $281.07 $273.82 Change => -0.59 -0.84 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 95,095 head of cattle. SUPPLY (Live) 53,516 Hd Equivalent: $277.37 $268.76 DEMAND (Box) 41,579 Hd* Equivalent: $284.78 $278.88 Live-Box Spread: ($7.41) ($10.12) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $296.78 Weight Price Head : Se 600-900# $290.88 Live Steer: 1493 $183.94 21,391: Current Lds: 122.7 Live Heifer: 1343 $183.29 9,844: Previous Lds: 111.3 Drsd Steer: 962 $293.61 17,861 Drsd Heifer: 867 $293.38 4,420 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.69 Ch 600-900# : 88.02%: Steer Dressing % : 63.46% Ch 600-750# : 35.58%: Heifer Dressing %: 63.31% Ch 750-900# : 52.44%: Processing Cost : 12.00 Se 600-900# : 11.98%: Slaughter Cost : 50.50 Se 600-750# : 3.13%: Se 750-900# : 8.85%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 281.07 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 14.12 $265.90 $278.08 $295.19 $292.15 $279.48 Certified 1-3 5.30 $257.08 $269.26 $286.37 $283.33 $270.66 Choice 1 3.35 $255.13 $267.31 $284.42 $281.38 $268.71 Select 1 -4.73 $247.05 $259.23 $276.34 $273.30 $260.63 Stndrd 1-3 -30.27 $221.51 $233.69 $250.80 $247.76 $235.09 Prime 4 0.55 $252.33 $264.51 $281.62 $278.58 $265.91 Choice 4 -12.27 $239.51 $251.69 $268.80 $265.76 $253.09 ----------------------------------------------------------------------------- *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