NW_LS410
Des Moines, IA     Mon, Nov 18, 2024     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $287.95             $258.52
 Change =>                       1.27               -1.05
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Current Index Reflects the Equivalent of 108,293 head of cattle.
SUPPLY (Live)  56,290 Hd
Equivalent:                   $280.62             $253.60
DEMAND (Box)   52,003 Hd*
Equivalent:                   $295.28             $263.45
Live-Box Spread:             ($14.66)             ($9.85)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $307.28
                  Weight   Price     Head      : Se 600-900#          $275.45
  Live Steer:          1541   $184.81    31,761: Current Lds:           109.1
  Live Heifer:         1362   $184.91    13,562: Previous Lds:          114.6
  Drsd Steer:           979   $290.97     9,527
  Drsd Heifer:          882   $290.53     1,440
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      Grading % Breakdown            :         Drop Credit      :       11.22
 Ch 600-900# :                 87.55%:         Steer Dressing % :      63.19%
 Ch 600-750# :                 35.39%:         Heifer Dressing %:      63.09%
 Ch 750-900# :                 52.16%:         Processing Cost  :       12.00
 Se 600-900# :                 12.45%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.25%:
 Se 750-900# :                  9.20%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 287.95                       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            17.55   $276.21   $288.39   $305.50   $302.46   $290.05
 Certified 1-3         5.80   $264.46   $276.64   $293.75   $290.71   $278.30
 Choice 1              3.35   $262.01   $274.19   $291.30   $288.26   $275.85
 Select 1            -23.23   $235.43   $247.61   $264.72   $261.68   $249.27
 Stndrd 1-3          -38.41   $220.25   $232.43   $249.54   $246.50   $234.09
 Prime 4               3.80   $262.46   $274.64   $291.75   $288.71   $276.30
 Choice 4            -12.45   $246.21   $258.39   $275.50   $272.46   $260.05
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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