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 ----------------------------------------------------------------------------- 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 ----------------------------------------------------------------------------- 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%: ----------------------------------------------------------------------------- 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 ----------------------------------------------------------------------------- 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 ----------------------------------------------------------------------------- *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