NW_LS410 Des Moines, IA Thu, Mar 14, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $290.74 $279.58 Change => 1.17 1.01 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 57,776 head of cattle. SUPPLY (Live) 23,214 Hd Equivalent: $282.70 $269.48 DEMAND (Box) 34,562 Hd* Equivalent: $298.78 $289.69 Live-Box Spread: ($16.08) ($20.21) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $310.78 Weight Price Head : Se 600-900# $301.69 Live Steer: 1424 $185.13 12,460: Current Lds: 105.7 Live Heifer: 1276 $185.11 8,011: Previous Lds: 105.1 Drsd Steer: 942 $294.14 1,786 Drsd Heifer: 857 $297.39 957 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.81 Ch 600-900# : 87.63%: Steer Dressing % : 62.53% Ch 600-750# : 35.42%: Heifer Dressing %: 62.56% Ch 750-900# : 52.20%: Processing Cost : 12.00 Se 600-900# : 12.37%: Slaughter Cost : 50.50 Se 600-750# : 3.23%: Se 750-900# : 9.14%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 290.74 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 14.32 $275.77 $287.95 $305.06 $302.02 $289.35 Certified 1-3 5.64 $267.09 $279.27 $296.38 $293.34 $280.67 Choice 1 3.19 $264.64 $276.82 $293.93 $290.89 $278.22 Select 1 -9.56 $251.89 $264.07 $281.18 $278.14 $265.47 Stndrd 1-3 -34.65 $226.80 $238.98 $256.09 $253.05 $240.38 Prime 4 0.84 $262.29 $274.47 $291.58 $288.54 $275.87 Choice 4 -12.27 $249.18 $261.36 $278.47 $275.43 $262.76 ----------------------------------------------------------------------------- *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