Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA Wed, Aug 14, 2024 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $296.41 $280.19
Change => -1.15 -0.18
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Current Index Reflects the Equivalent of 95,098 head of cattle.
SUPPLY (Live) 50,243 Hd
Equivalent: $289.94 $271.87
DEMAND (Box) 44,855 Hd*
Equivalent: $302.88 $288.50
Live-Box Spread: ($12.94) ($16.63)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $314.88
Weight Price Head : Se 600-900# $300.50
Live Steer: 1480 $191.37 30,850: Current Lds: 128.9
Live Heifer: 1343 $191.06 12,932: Previous Lds: 138.4
Drsd Steer: 963 $302.63 4,296
Drsd Heifer: 875 $304.87 2,165
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Grading % Breakdown : Drop Credit : 11.28
Ch 600-900# : 87.54%: Steer Dressing % : 63.32%
Ch 600-750# : 35.39%: Heifer Dressing %: 63.33%
Ch 750-900# : 52.15%: Processing Cost : 12.00
Se 600-900# : 12.46%: Slaughter Cost : 50.50
Se 600-750# : 3.25%:
Se 750-900# : 9.21%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 296.41 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 14.48 $281.60 $293.78 $310.89 $307.85 $295.89
Certified 1-3 5.18 $272.30 $284.48 $301.59 $298.55 $286.59
Choice 1 3.35 $270.47 $282.65 $299.76 $296.72 $284.76
Select 1 -14.23 $252.89 $265.07 $282.18 $279.14 $267.18
Stndrd 1-3 -34.41 $232.71 $244.89 $262.00 $258.96 $247.00
Prime 4 0.73 $267.85 $280.03 $297.14 $294.10 $282.14
Choice 4 -12.45 $254.67 $266.85 $283.96 $280.92 $268.96
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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