USDA U.S. Department of Agriculture - November 22, 2024
NW_LS410
Des Moines, IA Fri, Nov 22, 2024 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $288.32 $257.14
Change => 0.76 0.02
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Current Index Reflects the Equivalent of 80,084 head of cattle.
SUPPLY (Live) 35,180 Hd
Equivalent: $281.24 $254.22
DEMAND (Box) 44,904 Hd*
Equivalent: $295.41 $260.07
Live-Box Spread: ($14.17) ($5.85)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $307.41
Weight Price Head : Se 600-900# $272.07
Live Steer: 1531 $185.42 19,711: Current Lds: 98.2
Live Heifer: 1349 $185.49 8,475: Previous Lds: 128.9
Drsd Steer: 974 $290.23 5,387
Drsd Heifer: 857 $290.10 1,607
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Grading % Breakdown : Drop Credit : 11.10
Ch 600-900# : 87.55%: Steer Dressing % : 63.23%
Ch 600-750# : 35.39%: Heifer Dressing %: 63.20%
Ch 750-900# : 52.16%: Processing Cost : 12.00
Se 600-900# : 12.45%: Slaughter Cost : 50.50
Se 600-750# : 3.25%:
Se 750-900# : 9.20%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 288.32 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 $276.58 $288.76 $305.87 $302.83 $290.42
Certified 1-3 5.80 $264.83 $277.01 $294.12 $291.08 $278.67
Choice 1 3.35 $262.38 $274.56 $291.67 $288.63 $276.22
Select 1 -23.23 $235.80 $247.98 $265.09 $262.05 $249.64
Stndrd 1-3 -38.41 $220.62 $232.80 $249.91 $246.87 $234.46
Prime 4 3.80 $262.83 $275.01 $292.12 $289.08 $276.67
Choice 4 -12.45 $246.58 $258.76 $275.87 $272.83 $260.42
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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
