NW_LS410
Des Moines, IA     Wed, Dec 04, 2024     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $293.44             $262.16
 Change =>                      -1.41                1.02
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Current Index Reflects the Equivalent of 109,594 head of cattle.
SUPPLY (Live)  62,988 Hd
Equivalent:                   $290.54             $258.62
DEMAND (Box)   46,606 Hd*
Equivalent:                   $296.33             $265.70
Live-Box Spread:              ($5.79)             ($7.08)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $308.33
                  Weight   Price     Head      : Se 600-900#          $277.70
  Live Steer:          1523   $190.05    37,676: Current Lds:           154.9
  Live Heifer:         1372   $190.31    19,493: Previous Lds:          154.3
  Drsd Steer:           978   $297.40     4,644
  Drsd Heifer:          861   $294.89     1,175
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      Grading % Breakdown            :         Drop Credit      :       11.45
 Ch 600-900# :                 87.64%:         Steer Dressing % :      63.02%
 Ch 600-750# :                 35.43%:         Heifer Dressing %:      62.96%
 Ch 750-900# :                 52.21%:         Processing Cost  :       12.00
 Se 600-900# :                 12.36%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.23%:
 Se 750-900# :                  9.14%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 293.44                       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            18.12   $282.27   $294.45   $311.56   $308.52   $296.11
 Certified 1-3         5.68   $269.83   $282.01   $299.12   $296.08   $283.67
 Choice 1              3.35   $267.50   $279.68   $296.79   $293.75   $281.34
 Select 1            -28.15   $236.00   $248.18   $265.29   $262.25   $249.84
 Stndrd 1-3          -40.91   $223.24   $235.42   $252.53   $249.49   $237.08
 Prime 4               4.37   $268.52   $280.70   $297.81   $294.77   $282.36
 Choice 4            -12.45   $251.70   $263.88   $280.99   $277.95   $265.54
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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