NW_LS410 Des Moines, IA Fri, Apr 26, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $281.66 $273.22 Change => 0.66 0.08 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 166,826 head of cattle. SUPPLY (Live) 118,529 Hd Equivalent: $278.18 $269.72 DEMAND (Box) 48,297 Hd* Equivalent: $285.14 $276.72 Live-Box Spread: ($6.96) ($7.00) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $297.14 Weight Price Head : Se 600-900# $288.72 Live Steer: 1475 $183.54 60,598: Current Lds: 125.2 Live Heifer: 1330 $183.27 31,623: Previous Lds: 120.2 Drsd Steer: 962 $293.43 19,772 Drsd Heifer: 861 $292.91 6,536 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.42 Ch 600-900# : 88.11%: Steer Dressing % : 63.05% Ch 600-750# : 35.62%: Heifer Dressing %: 62.97% Ch 750-900# : 52.49%: Processing Cost : 12.00 Se 600-900# : 11.89%: Slaughter Cost : 50.50 Se 600-750# : 3.10%: Se 750-900# : 8.79%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 281.66 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.00 ----------------------------------------------------------------------------- Prime 1-3 14.12 $266.49 $278.67 $295.78 $292.74 $280.78 Certified 1-3 5.16 $257.53 $269.71 $286.82 $283.78 $271.82 Choice 1 3.35 $255.72 $267.90 $285.01 $281.97 $270.01 Select 1 -4.57 $247.80 $259.98 $277.09 $274.05 $262.09 Stndrd 1-3 -30.84 $221.53 $233.71 $250.82 $247.78 $235.82 Prime 4 0.55 $252.92 $265.10 $282.21 $279.17 $267.21 Choice 4 -12.27 $240.10 $252.28 $269.39 $266.35 $254.39 ----------------------------------------------------------------------------- *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