NW_LS410
Des Moines, IA     Tue, Jan 14, 2025     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $312.70             $293.46
 Change =>                      -0.15                0.61
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Current Index Reflects the Equivalent of 114,173 head of cattle.
SUPPLY (Live)  61,776 Hd
Equivalent:                   $304.42             $280.22
DEMAND (Box)   52,397 Hd*
Equivalent:                   $320.98             $306.71
Live-Box Spread:             ($16.56)            ($26.49)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $332.98
                  Weight   Price     Head      : Se 600-900#          $318.71
  Live Steer:          1526   $202.77    35,559: Current Lds:           155.2
  Live Heifer:         1350   $202.05    14,764: Previous Lds:          117.5
  Drsd Steer:           999   $320.39    10,315
  Drsd Heifer:          834   $320.00     1,138
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      Grading % Breakdown            :         Drop Credit      :       11.36
 Ch 600-900# :                 87.26%:         Steer Dressing % :      63.61%
 Ch 600-750# :                 35.27%:         Heifer Dressing %:      63.49%
 Ch 750-900# :                 51.99%:         Processing Cost  :       12.00
 Se 600-900# :                 12.74%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.33%:
 Se 750-900# :                  9.41%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 312.70                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -29.29    -17.11               -2.68    -15.45
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 Prime 1-3            18.62   $302.03   $314.21   $331.32   $328.64   $315.87
 Certified 1-3         5.68   $289.09   $301.27   $318.38   $315.70   $302.93
 Choice 1              3.35   $286.76   $298.94   $316.05   $313.37   $300.60
 Select 1            -20.40   $263.01   $275.19   $292.30   $289.62   $276.85
 Stndrd 1-3          -38.91   $244.50   $256.68   $273.79   $271.11   $258.34
 Prime 4               4.87   $288.28   $300.46   $317.57   $314.89   $302.12
 Choice 4            -12.45   $270.96   $283.14   $300.25   $297.57   $284.80
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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