NW_LS410 Des Moines, IA Wed, May 01, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $280.48 $273.07 Change => -0.30 -0.82 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 122,303 head of cattle. SUPPLY (Live) 73,923 Hd Equivalent: $279.42 $270.06 DEMAND (Box) 48,380 Hd* Equivalent: $281.54 $276.07 Live-Box Spread: ($2.12) ($6.01) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $293.54 Weight Price Head : Se 600-900# $288.07 Live Steer: 1475 $184.40 41,177: Current Lds: 186.1 Live Heifer: 1331 $183.97 18,074: Previous Lds: 109.9 Drsd Steer: 957 $294.42 11,905 Drsd Heifer: 842 $294.23 2,767 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.34 Ch 600-900# : 88.16%: Steer Dressing % : 63.07% Ch 600-750# : 35.64%: Heifer Dressing %: 62.94% Ch 750-900# : 52.52%: Processing Cost : 12.00 Se 600-900# : 11.84%: Slaughter Cost : 50.50 Se 600-750# : 3.09%: Se 750-900# : 8.75%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 280.48 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 14.34 $265.53 $277.71 $294.82 $291.78 $279.82 Certified 1-3 5.30 $256.49 $268.67 $285.78 $282.74 $270.78 Choice 1 3.35 $254.54 $266.72 $283.83 $280.79 $268.83 Select 1 -5.48 $245.71 $257.89 $275.00 $271.96 $260.00 Stndrd 1-3 -31.56 $219.63 $231.81 $248.92 $245.88 $233.92 Prime 4 0.77 $251.96 $264.14 $281.25 $278.21 $266.25 Choice 4 -12.27 $238.92 $251.10 $268.21 $265.17 $253.21 ----------------------------------------------------------------------------- *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