NW_LS410 Des Moines, IA Mon, Dec 23, 2024 USDA Market News ***In observation of the Federal holidays, this report will not be issued on December 24 or 25, 2024.*** USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $299.91 $270.08 Change => unchgd 0.47 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 80,048 head of cattle. SUPPLY (Live) 38,748 Hd Equivalent: $295.84 $265.42 DEMAND (Box) 41,300 Hd* Equivalent: $303.98 $274.75 Live-Box Spread: ($8.14) ($9.33) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $315.98 Weight Price Head : Se 600-900# $286.75 Live Steer: 1533 $194.69 24,166: Current Lds: 114.4 Live Heifer: 1378 $194.57 7,870: Previous Lds: 106.6 Drsd Steer: 983 $305.57 5,296 Drsd Heifer: 869 $304.92 1,416 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.37 Ch 600-900# : 87.55%: Steer Dressing % : 63.24% Ch 600-750# : 35.39%: Heifer Dressing %: 63.21% Ch 750-900# : 52.16%: Processing Cost : 12.00 Se 600-900# : 12.45%: Slaughter Cost : 50.50 Se 600-750# : 3.25%: Se 750-900# : 9.20%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 299.91 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.45 ----------------------------------------------------------------------------- Prime 1-3 18.41 $289.03 $301.21 $318.32 $315.28 $302.87 Certified 1-3 5.55 $276.17 $288.35 $305.46 $302.42 $290.01 Choice 1 3.35 $273.97 $286.15 $303.26 $300.22 $287.81 Select 1 -26.65 $243.97 $256.15 $273.26 $270.22 $257.81 Stndrd 1-3 -40.34 $230.28 $242.46 $259.57 $256.53 $244.12 Prime 4 4.66 $275.28 $287.46 $304.57 $301.53 $289.12 Choice 4 -12.45 $258.17 $270.35 $287.46 $284.42 $272.01 ----------------------------------------------------------------------------- *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