NW_LS410 Des Moines, IA Wed, Feb 28, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $284.81 $272.99 Change => 0.68 1.30 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 106,198 head of cattle. SUPPLY (Live) 59,675 Hd Equivalent: $278.59 $265.04 DEMAND (Box) 46,523 Hd* Equivalent: $291.03 $280.94 Live-Box Spread: ($12.44) ($15.90) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $303.03 Weight Price Head : Se 600-900# $292.94 Live Steer: 1495 $182.96 29,112: Current Lds: 149.2 Live Heifer: 1349 $182.92 17,427: Previous Lds: 99.9 Drsd Steer: 936 $291.59 9,619 Drsd Heifer: 852 $291.59 3,517 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.64 Ch 600-900# : 86.76%: Steer Dressing % : 62.79% Ch 600-750# : 35.07%: Heifer Dressing %: 62.73% Ch 750-900# : 51.69%: Processing Cost : 12.00 Se 600-900# : 13.24%: Slaughter Cost : 50.50 Se 600-750# : 3.45%: Se 750-900# : 9.78%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 284.81 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.71 ----------------------------------------------------------------------------- Prime 1-3 14.53 $270.05 $282.23 $299.34 $296.30 $283.63 Certified 1-3 5.21 $260.73 $272.91 $290.02 $286.98 $274.31 Choice 1 3.19 $258.71 $270.89 $288.00 $284.96 $272.29 Select 1 -9.89 $245.63 $257.81 $274.92 $271.88 $259.21 Stndrd 1-3 -34.36 $221.16 $233.34 $250.45 $247.41 $234.74 Prime 4 1.05 $256.57 $268.75 $285.86 $282.82 $270.15 Choice 4 -12.27 $243.25 $255.43 $272.54 $269.50 $256.83 ----------------------------------------------------------------------------- *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