NW_LS410
Des Moines, IA     Tue, Dec 10, 2024     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $293.42             $261.34
 Change =>                      -1.21                0.15
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Current Index Reflects the Equivalent of 106,382 head of cattle.
SUPPLY (Live)  61,506 Hd
Equivalent:                   $287.11             $255.03
DEMAND (Box)   44,876 Hd*
Equivalent:                   $299.73             $267.65
Live-Box Spread:             ($12.62)            ($12.62)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $311.73
                  Weight   Price     Head      : Se 600-900#          $279.65
  Live Steer:          1536   $190.95    36,580: Current Lds:           129.0
  Live Heifer:         1369   $191.01    14,825: Previous Lds:           77.6
  Drsd Steer:           996   $297.62     9,041
  Drsd Heifer:          881   $296.56     1,060
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      Grading % Breakdown            :         Drop Credit      :       11.44
 Ch 600-900# :                 87.32%:         Steer Dressing % :      63.48%
 Ch 600-750# :                 35.30%:         Heifer Dressing %:      63.37%
 Ch 750-900# :                 52.02%:         Processing Cost  :       12.00
 Se 600-900# :                 12.68%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.31%:
 Se 750-900# :                  9.37%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 293.42                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -29.29    -17.11               -3.04    -15.45
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 Prime 1-3            18.19   $282.32   $294.50   $311.61   $308.57   $296.16
 Certified 1-3         5.55   $269.68   $281.86   $298.97   $295.93   $283.52
 Choice 1              3.35   $267.48   $279.66   $296.77   $293.73   $281.32
 Select 1            -28.32   $235.81   $247.99   $265.10   $262.06   $249.65
 Stndrd 1-3          -40.99   $223.14   $235.32   $252.43   $249.39   $236.98
 Prime 4               4.44   $268.57   $280.75   $297.86   $294.82   $282.41
 Choice 4            -12.45   $251.68   $263.86   $280.97   $277.93   $265.52
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*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