NW_LS410 Des Moines, IA Tue, Jul 23, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $297.30 $279.20 Change => -0.15 -0.87 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 108,357 head of cattle. SUPPLY (Live) 49,745 Hd Equivalent: $293.39 $273.74 DEMAND (Box) 58,612 Hd* Equivalent: $301.21 $284.66 Live-Box Spread: ($7.82) ($10.92) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $313.21 Weight Price Head : Se 600-900# $296.66 Live Steer: 1451 $193.92 27,208: Current Lds: 165.0 Live Heifer: 1296 $192.69 8,880: Previous Lds: 149.3 Drsd Steer: 941 $310.21 12,332 Drsd Heifer: 864 $310.00 1,325 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.57 Ch 600-900# : 87.51%: Steer Dressing % : 63.64% Ch 600-750# : 35.37%: Heifer Dressing %: 63.39% Ch 750-900# : 52.14%: Processing Cost : 12.00 Se 600-900# : 12.49%: Slaughter Cost : 50.50 Se 600-750# : 3.26%: Se 750-900# : 9.23%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 297.30 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 13.76 $281.77 $293.95 $311.06 $308.02 $296.06 Certified 1-3 5.55 $273.56 $285.74 $302.85 $299.81 $287.85 Choice 1 3.35 $271.36 $283.54 $300.65 $297.61 $285.65 Select 1 -15.82 $252.19 $264.37 $281.48 $278.44 $266.48 Stndrd 1-3 -35.27 $232.74 $244.92 $262.03 $258.99 $247.03 Prime 4 0.01 $268.02 $280.20 $297.31 $294.27 $282.31 Choice 4 -12.45 $255.56 $267.74 $284.85 $281.81 $269.85 ----------------------------------------------------------------------------- *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