USDA U.S. Department of Agriculture - May 7, 2024
NW_LS410
Des Moines, IA Tue, May 07, 2024 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $283.95 $276.24
Change => -0.10 1.34
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Current Index Reflects the Equivalent of 121,096 head of cattle.
SUPPLY (Live) 74,207 Hd
Equivalent: $281.42 $272.14
DEMAND (Box) 46,889 Hd*
Equivalent: $286.49 $280.34
Live-Box Spread: ($5.07) ($8.20)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $298.49
Weight Price Head : Se 600-900# $292.34
Live Steer: 1460 $185.87 35,788: Current Lds: 100.1
Live Heifer: 1326 $185.53 16,496: Previous Lds: 77.7
Drsd Steer: 951 $295.00 16,235
Drsd Heifer: 864 $294.56 5,688
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Grading % Breakdown : Drop Credit : 11.27
Ch 600-900# : 87.81%: Steer Dressing % : 63.22%
Ch 600-750# : 35.49%: Heifer Dressing %: 63.19%
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 = 283.95 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 $269.00 $281.18 $298.29 $295.25 $283.29
Certified 1-3 5.44 $260.10 $272.28 $289.39 $286.35 $274.39
Choice 1 3.35 $258.01 $270.19 $287.30 $284.26 $272.30
Select 1 -5.40 $249.26 $261.44 $278.55 $275.51 $263.55
Stndrd 1-3 -31.41 $223.25 $235.43 $252.54 $249.50 $237.54
Prime 4 0.77 $255.43 $267.61 $284.72 $281.68 $269.72
Choice 4 -12.27 $242.39 $254.57 $271.68 $268.64 $256.68
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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
