USDA U.S. Department of Agriculture - November 14, 2024
NW_LS410
Des Moines, IA Thu, Nov 14, 2024 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $287.28 $260.20
Change => -1.82 -1.24
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Current Index Reflects the Equivalent of 104,973 head of cattle.
SUPPLY (Live) 48,991 Hd
Equivalent: $282.77 $255.75
DEMAND (Box) 55,982 Hd*
Equivalent: $291.80 $264.66
Live-Box Spread: ($9.03) ($8.91)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $303.80
Weight Price Head : Se 600-900# $276.66
Live Steer: 1522 $186.17 24,517: Current Lds: 212.5
Live Heifer: 1366 $186.31 9,923: Previous Lds: 133.7
Drsd Steer: 986 $293.13 11,980
Drsd Heifer: 872 $293.20 2,571
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Grading % Breakdown : Drop Credit : 11.22
Ch 600-900# : 87.59%: Steer Dressing % : 63.26%
Ch 600-750# : 35.41%: Heifer Dressing %: 63.13%
Ch 750-900# : 52.18%: Processing Cost : 12.00
Se 600-900# : 12.41%: Slaughter Cost : 50.50
Se 600-750# : 3.24%:
Se 750-900# : 9.17%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 287.28 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -29.29 -17.11 -3.04 -15.45
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Prime 1-3 17.55 $275.54 $287.72 $304.83 $301.79 $289.38
Certified 1-3 5.80 $263.79 $275.97 $293.08 $290.04 $277.63
Choice 1 3.35 $261.34 $273.52 $290.63 $287.59 $275.18
Select 1 -23.23 $234.76 $246.94 $264.05 $261.01 $248.60
Stndrd 1-3 -38.41 $219.58 $231.76 $248.87 $245.83 $233.42
Prime 4 3.80 $261.79 $273.97 $291.08 $288.04 $275.63
Choice 4 -12.45 $245.54 $257.72 $274.83 $271.79 $259.38
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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
