NW_LS410 Des Moines, IA Fri, Apr 19, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $280.68 $273.95 Change => 0.18 1.03 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 65,274 head of cattle. SUPPLY (Live) 20,777 Hd Equivalent: $277.69 $269.07 DEMAND (Box) 44,497 Hd* Equivalent: $283.67 $278.83 Live-Box Spread: ($5.98) ($9.76) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $295.67 Weight Price Head : Se 600-900# $290.83 Live Steer: 1486 $183.52 4,832: Current Lds: 126.4 Live Heifer: 1353 $182.90 2,949: Previous Lds: 142.7 Drsd Steer: 957 $293.19 10,845 Drsd Heifer: 881 $292.82 2,151 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.64 Ch 600-900# : 88.02%: Steer Dressing % : 63.55% Ch 600-750# : 35.58%: Heifer Dressing %: 63.21% 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 = 280.68 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 $265.51 $277.69 $294.80 $291.76 $279.09 Certified 1-3 5.30 $256.69 $268.87 $285.98 $282.94 $270.27 Choice 1 3.35 $254.74 $266.92 $284.03 $280.99 $268.32 Select 1 -4.73 $246.66 $258.84 $275.95 $272.91 $260.24 Stndrd 1-3 -30.27 $221.12 $233.30 $250.41 $247.37 $234.70 Prime 4 0.55 $251.94 $264.12 $281.23 $278.19 $265.52 Choice 4 -12.27 $239.12 $251.30 $268.41 $265.37 $252.70 ----------------------------------------------------------------------------- *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