NW_LS410 Des Moines, IA Tue, Nov 26, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $291.36 $258.36 Change => 0.92 0.86 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 97,929 head of cattle. SUPPLY (Live) 52,138 Hd Equivalent: $283.16 $253.23 DEMAND (Box) 45,791 Hd* Equivalent: $299.57 $263.49 Live-Box Spread: ($16.41) ($10.26) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $311.57 Weight Price Head : Se 600-900# $275.49 Live Steer: 1526 $186.49 32,955: Current Lds: 129.2 Live Heifer: 1359 $186.65 10,554: Previous Lds: 126.3 Drsd Steer: 976 $291.75 7,102 Drsd Heifer: 858 $290.10 1,527 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.20 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 = 291.36 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 $279.98 $292.16 $309.27 $306.23 $293.82 Certified 1-3 5.68 $267.75 $279.93 $297.04 $294.00 $281.59 Choice 1 3.35 $265.42 $277.60 $294.71 $291.67 $279.26 Select 1 -26.15 $235.92 $248.10 $265.21 $262.17 $249.76 Stndrd 1-3 -39.20 $222.87 $235.05 $252.16 $249.12 $236.71 Prime 4 4.16 $266.23 $278.41 $295.52 $292.48 $280.07 Choice 4 -12.45 $249.62 $261.80 $278.91 $275.87 $263.46 ----------------------------------------------------------------------------- *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