NW_LS410
Des Moines, IA     Tue, Dec 31, 2024     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $304.02             $273.84
 Change =>                      -0.52               -0.06
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Current Index Reflects the Equivalent of 82,232 head of cattle.
SUPPLY (Live)  36,438 Hd
Equivalent:                   $295.83             $265.15
DEMAND (Box)   45,794 Hd*
Equivalent:                   $312.22             $282.52
Live-Box Spread:             ($16.39)            ($17.37)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $324.22
                  Weight   Price     Head      : Se 600-900#          $294.52
  Live Steer:          1510   $194.96    19,606: Current Lds:           118.8
  Live Heifer:         1355   $194.44    11,830: Previous Lds:          103.9
  Drsd Steer:          1018   $306.94     3,813
  Drsd Heifer:          892   $307.49     1,189
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      Grading % Breakdown            :         Drop Credit      :       11.30
 Ch 600-900# :                 87.61%:         Steer Dressing % :      63.54%
 Ch 600-750# :                 35.42%:         Heifer Dressing %:      63.51%
 Ch 750-900# :                 52.20%:         Processing Cost  :       12.00
 Se 600-900# :                 12.39%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.23%:
 Se 750-900# :                  9.15%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 304.02                       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            18.55   $293.28   $305.46   $322.57   $319.53   $307.12
 Certified 1-3         5.68   $280.41   $292.59   $309.70   $306.66   $294.25
 Choice 1              3.35   $278.08   $290.26   $307.37   $304.33   $291.92
 Select 1            -26.90   $247.83   $260.01   $277.12   $274.08   $261.67
 Stndrd 1-3          -40.34   $234.39   $246.57   $263.68   $260.64   $248.23
 Prime 4               4.80   $279.53   $291.71   $308.82   $305.78   $293.37
 Choice 4            -12.45   $262.28   $274.46   $291.57   $288.53   $276.12
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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