NW_LS410
Des Moines, IA     Fri, Dec 13, 2024     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $297.98             $265.67
 Change =>                       2.08                3.20
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Current Index Reflects the Equivalent of 129,762 head of cattle.
SUPPLY (Live)  85,761 Hd
Equivalent:                   $291.57             $259.49
DEMAND (Box)   44,001 Hd*
Equivalent:                   $304.39             $271.86
Live-Box Spread:             ($12.82)            ($12.37)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $316.39
                  Weight   Price     Head      : Se 600-900#          $283.86
  Live Steer:          1534   $193.20    54,482: Current Lds:           123.3
  Live Heifer:         1366   $192.91    20,277: Previous Lds:          135.3
  Drsd Steer:           996   $303.31     9,124
  Drsd Heifer:          865   $302.03     1,878
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      Grading % Breakdown            :         Drop Credit      :       11.42
 Ch 600-900# :                 87.32%:         Steer Dressing % :      63.30%
 Ch 600-750# :                 35.30%:         Heifer Dressing %:      63.25%
 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 = 297.98                       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   $286.88   $299.06   $316.17   $313.13   $300.72
 Certified 1-3         5.55   $274.24   $286.42   $303.53   $300.49   $288.08
 Choice 1              3.35   $272.04   $284.22   $301.33   $298.29   $285.88
 Select 1            -28.32   $240.37   $252.55   $269.66   $266.62   $254.21
 Stndrd 1-3          -40.99   $227.70   $239.88   $256.99   $253.95   $241.54
 Prime 4               4.44   $273.13   $285.31   $302.42   $299.38   $286.97
 Choice 4            -12.45   $256.24   $268.42   $285.53   $282.49   $270.08
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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