USDA U.S. Department of Agriculture - May 6, 2024
NW_LS410
Des Moines, IA Mon, May 06, 2024 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $284.05 $274.90
Change => 2.40 1.20
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Current Index Reflects the Equivalent of 122,633 head of cattle.
SUPPLY (Live) 75,015 Hd
Equivalent: $281.34 $272.06
DEMAND (Box) 47,618 Hd*
Equivalent: $286.76 $277.75
Live-Box Spread: ($5.42) ($5.69)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $298.76
Weight Price Head : Se 600-900# $289.75
Live Steer: 1455 $185.81 38,139: Current Lds: 77.7
Live Heifer: 1331 $185.60 14,706: Previous Lds: 96.9
Drsd Steer: 950 $295.00 16,271
Drsd Heifer: 860 $294.53 5,899
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Grading % Breakdown : Drop Credit : 11.28
Ch 600-900# : 87.81%: Steer Dressing % : 63.22%
Ch 600-750# : 35.49%: Heifer Dressing %: 63.23%
Ch 750-900# : 52.31%: Processing Cost : 12.00
Se 600-900# : 12.19%: Slaughter Cost : 50.50
Se 600-750# : 3.18%:
Se 750-900# : 9.01%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 284.05 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -29.29 -17.11 -3.04 -15.00
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Prime 1-3 14.34 $269.10 $281.28 $298.39 $295.35 $283.39
Certified 1-3 5.44 $260.20 $272.38 $289.49 $286.45 $274.49
Choice 1 3.35 $258.11 $270.29 $287.40 $284.36 $272.40
Select 1 -5.40 $249.36 $261.54 $278.65 $275.61 $263.65
Stndrd 1-3 -31.41 $223.35 $235.53 $252.64 $249.60 $237.64
Prime 4 0.77 $255.53 $267.71 $284.82 $281.78 $269.82
Choice 4 -12.27 $242.49 $254.67 $271.78 $268.74 $256.78
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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
