USDA U.S. Department of Agriculture - April 24, 2024
NW_LS410
Des Moines, IA Wed, Apr 24, 2024 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $280.27 $273.38
Change => -0.86 -1.21
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Current Index Reflects the Equivalent of 108,351 head of cattle.
SUPPLY (Live) 58,282 Hd
Equivalent: $276.80 $268.35
DEMAND (Box) 50,069 Hd*
Equivalent: $283.74 $278.42
Live-Box Spread: ($6.94) ($10.07)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $295.74
Weight Price Head : Se 600-900# $290.42
Live Steer: 1471 $182.74 27,323: Current Lds: 148.1
Live Heifer: 1338 $182.57 15,562: Previous Lds: 146.8
Drsd Steer: 964 $292.53 10,659
Drsd Heifer: 870 $292.39 4,738
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Grading % Breakdown : Drop Credit : 11.56
Ch 600-900# : 88.11%: Steer Dressing % : 63.08%
Ch 600-750# : 35.62%: Heifer Dressing %: 63.04%
Ch 750-900# : 52.49%: Processing Cost : 12.00
Se 600-900# : 11.89%: Slaughter Cost : 50.50
Se 600-750# : 3.10%:
Se 750-900# : 8.79%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 280.27 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 14.12 $265.10 $277.28 $294.39 $291.35 $279.39
Certified 1-3 5.16 $256.14 $268.32 $285.43 $282.39 $270.43
Choice 1 3.35 $254.33 $266.51 $283.62 $280.58 $268.62
Select 1 -4.57 $246.41 $258.59 $275.70 $272.66 $260.70
Stndrd 1-3 -30.84 $220.14 $232.32 $249.43 $246.39 $234.43
Prime 4 0.55 $251.53 $263.71 $280.82 $277.78 $265.82
Choice 4 -12.27 $238.71 $250.89 $268.00 $264.96 $253.00
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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
