NW_LS410 Des Moines, IA Mon, Nov 25, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $290.44 $257.50 Change => 2.12 0.36 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 97,748 head of cattle. SUPPLY (Live) 51,553 Hd Equivalent: $283.18 $253.25 DEMAND (Box) 46,195 Hd* Equivalent: $297.71 $261.74 Live-Box Spread: ($14.53) ($8.49) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $309.71 Weight Price Head : Se 600-900# $273.74 Live Steer: 1525 $186.46 32,294: Current Lds: 126.3 Live Heifer: 1359 $186.61 10,630: Previous Lds: 98.2 Drsd Steer: 976 $291.75 7,102 Drsd Heifer: 858 $290.10 1,527 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.15 Ch 600-900# : 87.46%: Steer Dressing % : 63.04% Ch 600-750# : 35.35%: Heifer Dressing %: 63.03% Ch 750-900# : 52.11%: Processing Cost : 12.00 Se 600-900# : 12.54%: Slaughter Cost : 50.50 Se 600-750# : 3.27%: Se 750-900# : 9.26%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 290.44 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 17.91 $279.06 $291.24 $308.35 $305.31 $292.90 Certified 1-3 5.68 $266.83 $279.01 $296.12 $293.08 $280.67 Choice 1 3.35 $264.50 $276.68 $293.79 $290.75 $278.34 Select 1 -26.15 $235.00 $247.18 $264.29 $261.25 $248.84 Stndrd 1-3 -39.20 $221.95 $234.13 $251.24 $248.20 $235.79 Prime 4 4.16 $265.31 $277.49 $294.60 $291.56 $279.15 Choice 4 -12.45 $248.70 $260.88 $277.99 $274.95 $262.54 ----------------------------------------------------------------------------- *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