NW_LS410 Des Moines, IA Wed, Oct 02, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $284.54 $269.06 Change => -0.18 -0.68 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 113,099 head of cattle. SUPPLY (Live) 61,955 Hd Equivalent: $281.28 $266.20 DEMAND (Box) 51,144 Hd* Equivalent: $287.81 $271.93 Live-Box Spread: ($6.53) ($5.73) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $299.81 Weight Price Head : Se 600-900# $283.93 Live Steer: 1502 $186.25 32,056: Current Lds: 183.5 Live Heifer: 1251 $185.14 15,624: Previous Lds: 143.1 Drsd Steer: 976 $293.76 11,845 Drsd Heifer: 862 $293.88 2,430 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.30 Ch 600-900# : 87.64%: Steer Dressing % : 63.44% Ch 600-750# : 35.43%: Heifer Dressing %: 63.29% 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# : 9.13%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 284.54 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.42 ----------------------------------------------------------------------------- Prime 1-3 15.69 $270.94 $283.12 $300.23 $297.19 $284.81 Certified 1-3 5.55 $260.80 $272.98 $290.09 $287.05 $274.67 Choice 1 3.35 $258.60 $270.78 $287.89 $284.85 $272.47 Select 1 -11.23 $244.02 $256.20 $273.31 $270.27 $257.89 Stndrd 1-3 -33.63 $221.62 $233.80 $250.91 $247.87 $235.49 Prime 4 1.94 $257.19 $269.37 $286.48 $283.44 $271.06 Choice 4 -12.45 $242.80 $254.98 $272.09 $269.05 $256.67 ----------------------------------------------------------------------------- *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