NW_LS410 Des Moines, IA Wed, Oct 16, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $294.58 $272.54 Change => 1.15 0.14 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 113,921 head of cattle. SUPPLY (Live) 71,142 Hd Equivalent: $282.02 $264.70 DEMAND (Box) 42,779 Hd* Equivalent: $307.13 $280.37 Live-Box Spread: ($25.11) ($15.67) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $319.13 Weight Price Head : Se 600-900# $292.37 Live Steer: 1531 $187.36 34,787: Current Lds: 144.8 Live Heifer: 1356 $187.31 17,480: Previous Lds: 135.6 Drsd Steer: 984 $296.11 16,085 Drsd Heifer: 868 $295.88 2,790 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.34 Ch 600-900# : 87.56%: Steer Dressing % : 63.70% Ch 600-750# : 35.39%: Heifer Dressing %: 63.53% Ch 750-900# : 52.16%: Processing Cost : 12.00 Se 600-900# : 12.44%: Slaughter Cost : 50.50 Se 600-750# : 3.25%: Se 750-900# : 9.20%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 294.58 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.45 ----------------------------------------------------------------------------- Prime 1-3 17.34 $282.63 $294.81 $311.92 $308.88 $296.47 Certified 1-3 5.43 $270.72 $282.90 $300.01 $296.97 $284.56 Choice 1 3.35 $268.64 $280.82 $297.93 $294.89 $282.48 Select 1 -13.48 $251.81 $263.99 $281.10 $278.06 $265.65 Stndrd 1-3 -35.49 $229.80 $241.98 $259.09 $256.05 $243.64 Prime 4 3.59 $268.88 $281.06 $298.17 $295.13 $282.72 Choice 4 -12.45 $252.84 $265.02 $282.13 $279.09 $266.68 ----------------------------------------------------------------------------- *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