NW_LS410 Des Moines, IA Thu, Apr 04, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $284.11 $277.78 Change => -2.04 -0.40 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 116,626 head of cattle. SUPPLY (Live) 69,479 Hd Equivalent: $283.07 $271.51 DEMAND (Box) 47,147 Hd* Equivalent: $285.15 $284.05 Live-Box Spread: ($2.08) ($12.54) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $297.15 Weight Price Head : Se 600-900# $296.05 Live Steer: 1514 $188.13 31,828: Current Lds: 162.2 Live Heifer: 1378 $188.50 16,670: Previous Lds: 150.8 Drsd Steer: 947 $297.98 13,365 Drsd Heifer: 860 $298.00 7,616 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.94 Ch 600-900# : 88.62%: Steer Dressing % : 63.46% Ch 600-750# : 35.82%: Heifer Dressing %: 63.54% Ch 750-900# : 52.80%: Processing Cost : 12.00 Se 600-900# : 11.38%: Slaughter Cost : 50.50 Se 600-750# : 2.97%: Se 750-900# : 8.41%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 284.11 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.71 ----------------------------------------------------------------------------- Prime 1-3 14.03 $268.85 $281.03 $298.14 $295.10 $282.43 Certified 1-3 5.50 $260.32 $272.50 $289.61 $286.57 $273.90 Choice 1 3.19 $258.01 $270.19 $287.30 $284.26 $271.59 Select 1 -7.89 $246.93 $259.11 $276.22 $273.18 $260.51 Stndrd 1-3 -34.15 $220.67 $232.85 $249.96 $246.92 $234.25 Prime 4 0.55 $255.37 $267.55 $284.66 $281.62 $268.95 Choice 4 -12.27 $242.55 $254.73 $271.84 $268.80 $256.13 ----------------------------------------------------------------------------- *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