USDA U.S. Department of Agriculture - April 18, 2024
NW_LS410
Des Moines, IA Thu, Apr 18, 2024 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $280.50 $272.92
Change => -0.57 -0.90
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Current Index Reflects the Equivalent of 92,787 head of cattle.
SUPPLY (Live) 49,816 Hd
Equivalent: $277.19 $268.58
DEMAND (Box) 42,971 Hd*
Equivalent: $283.80 $277.27
Live-Box Spread: ($6.61) ($8.69)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $295.80
Weight Price Head : Se 600-900# $289.27
Live Steer: 1493 $183.89 19,989: Current Lds: 142.7
Live Heifer: 1339 $183.14 8,512: Previous Lds: 122.7
Drsd Steer: 960 $293.39 16,935
Drsd Heifer: 867 $293.39 4,380
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Grading % Breakdown : Drop Credit : 11.69
Ch 600-900# : 88.02%: Steer Dressing % : 63.49%
Ch 600-750# : 35.58%: Heifer Dressing %: 63.37%
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%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 280.50 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -29.29 -17.11 -3.04 -15.71
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Prime 1-3 14.12 $265.33 $277.51 $294.62 $291.58 $278.91
Certified 1-3 5.30 $256.51 $268.69 $285.80 $282.76 $270.09
Choice 1 3.35 $254.56 $266.74 $283.85 $280.81 $268.14
Select 1 -4.73 $246.48 $258.66 $275.77 $272.73 $260.06
Stndrd 1-3 -30.27 $220.94 $233.12 $250.23 $247.19 $234.52
Prime 4 0.55 $251.76 $263.94 $281.05 $278.01 $265.34
Choice 4 -12.27 $238.94 $251.12 $268.23 $265.19 $252.52
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*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
