NW_LS410 Des Moines, IA Wed, May 22, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $292.66 $279.54 Change => -0.35 -0.56 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 116,480 head of cattle. SUPPLY (Live) 74,181 Hd Equivalent: $285.15 $271.47 DEMAND (Box) 42,299 Hd* Equivalent: $300.17 $287.61 Live-Box Spread: ($15.02) ($16.14) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $312.17 Weight Price Head : Se 600-900# $299.61 Live Steer: 1485 $188.67 38,069: Current Lds: 132.8 Live Heifer: 1330 $188.06 13,214: Previous Lds: 99.8 Drsd Steer: 925 $299.50 19,578 Drsd Heifer: 847 $299.69 3,320 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.45 Ch 600-900# : 87.65%: Steer Dressing % : 63.38% Ch 600-750# : 35.43%: Heifer Dressing %: 63.27% Ch 750-900# : 52.22%: Processing Cost : 12.00 Se 600-900# : 12.35%: Slaughter Cost : 50.50 Se 600-750# : 3.22%: Se 750-900# : 9.12%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 292.66 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 14.05 $277.42 $289.60 $306.71 $303.67 $291.71 Certified 1-3 5.59 $268.96 $281.14 $298.25 $295.21 $283.25 Choice 1 3.35 $266.72 $278.90 $296.01 $292.97 $281.01 Select 1 -9.82 $253.55 $265.73 $282.84 $279.80 $267.84 Stndrd 1-3 -32.13 $231.24 $243.42 $260.53 $257.49 $245.53 Prime 4 0.48 $263.85 $276.03 $293.14 $290.10 $278.14 Choice 4 -12.27 $251.10 $263.28 $280.39 $277.35 $265.39 ----------------------------------------------------------------------------- *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