USDA U.S. Department of Agriculture - May 8, 2024
NW_LS410
Des Moines, IA Wed, May 08, 2024 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $282.95 $274.10
Change => -1.00 -2.14
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Current Index Reflects the Equivalent of 116,750 head of cattle.
SUPPLY (Live) 72,924 Hd
Equivalent: $281.23 $271.95
DEMAND (Box) 43,826 Hd*
Equivalent: $284.67 $276.25
Live-Box Spread: ($3.44) ($4.30)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $296.67
Weight Price Head : Se 600-900# $288.25
Live Steer: 1457 $185.87 34,864: Current Lds: 145.3
Live Heifer: 1326 $185.53 16,572: Previous Lds: 100.1
Drsd Steer: 950 $295.11 15,800
Drsd Heifer: 864 $294.56 5,688
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Grading % Breakdown : Drop Credit : 11.41
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 = 282.95 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 $268.00 $280.18 $297.29 $294.25 $282.29
Certified 1-3 5.44 $259.10 $271.28 $288.39 $285.35 $273.39
Choice 1 3.35 $257.01 $269.19 $286.30 $283.26 $271.30
Select 1 -5.40 $248.26 $260.44 $277.55 $274.51 $262.55
Stndrd 1-3 -31.41 $222.25 $234.43 $251.54 $248.50 $236.54
Prime 4 0.77 $254.43 $266.61 $283.72 $280.68 $268.72
Choice 4 -12.27 $241.39 $253.57 $270.68 $267.64 $255.68
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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
