USDA U.S. Department of Agriculture - November 15, 2024
NW_LS410
Des Moines, IA Fri, Nov 15, 2024 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $286.68 $259.57
Change => -0.60 -0.63
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Current Index Reflects the Equivalent of 125,074 head of cattle.
SUPPLY (Live) 71,837 Hd
Equivalent: $282.02 $255.00
DEMAND (Box) 53,237 Hd*
Equivalent: $291.34 $264.14
Live-Box Spread: ($9.32) ($9.14)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $303.34
Weight Price Head : Se 600-900# $276.14
Live Steer: 1536 $185.37 40,396: Current Lds: 114.6
Live Heifer: 1362 $185.60 17,122: Previous Lds: 212.5
Drsd Steer: 981 $291.26 12,370
Drsd Heifer: 888 $291.50 1,949
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Grading % Breakdown : Drop Credit : 11.22
Ch 600-900# : 87.59%: Steer Dressing % : 63.13%
Ch 600-750# : 35.41%: Heifer Dressing %: 63.00%
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 = 286.68 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 $274.94 $287.12 $304.23 $301.19 $288.78
Certified 1-3 5.80 $263.19 $275.37 $292.48 $289.44 $277.03
Choice 1 3.35 $260.74 $272.92 $290.03 $286.99 $274.58
Select 1 -23.23 $234.16 $246.34 $263.45 $260.41 $248.00
Stndrd 1-3 -38.41 $218.98 $231.16 $248.27 $245.23 $232.82
Prime 4 3.80 $261.19 $273.37 $290.48 $287.44 $275.03
Choice 4 -12.45 $244.94 $257.12 $274.23 $271.19 $258.78
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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
