NW_LS410
Des Moines, IA     Wed, Nov 27, 2024     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $291.29             $257.85
 Change =>                      -0.07               -0.51
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Current Index Reflects the Equivalent of 100,722 head of cattle.
SUPPLY (Live)  51,427 Hd
Equivalent:                   $283.32             $253.40
DEMAND (Box)   49,295 Hd*
Equivalent:                   $299.26             $262.30
Live-Box Spread:             ($15.94)             ($8.90)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $311.26
                  Weight   Price     Head      : Se 600-900#          $274.30
  Live Steer:          1527   $186.51    33,244: Current Lds:           174.7
  Live Heifer:         1359   $186.65    10,554: Previous Lds:          129.2
  Drsd Steer:           975   $292.01     6,174
  Drsd Heifer:          856   $290.11     1,455
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      Grading % Breakdown            :         Drop Credit      :       11.20
 Ch 600-900# :                 87.46%:         Steer Dressing % :      63.03%
 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%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 291.29                       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            17.91   $279.91   $292.09   $309.20   $306.16   $293.75
 Certified 1-3         5.68   $267.68   $279.86   $296.97   $293.93   $281.52
 Choice 1              3.35   $265.35   $277.53   $294.64   $291.60   $279.19
 Select 1            -26.15   $235.85   $248.03   $265.14   $262.10   $249.69
 Stndrd 1-3          -39.20   $222.80   $234.98   $252.09   $249.05   $236.64
 Prime 4               4.16   $266.16   $278.34   $295.45   $292.41   $280.00
 Choice 4            -12.45   $249.55   $261.73   $278.84   $275.80   $263.39
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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