NW_LS410 Des Moines, IA Tue, Mar 26, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $293.42 $281.77 Change => 0.04 -0.91 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 125,873 head of cattle. SUPPLY (Live) 83,223 Hd Equivalent: $287.76 $275.28 DEMAND (Box) 42,650 Hd* Equivalent: $299.09 $288.26 Live-Box Spread: ($11.33) ($12.98) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $311.09 Weight Price Head : Se 600-900# $300.26 Live Steer: 1481 $189.58 40,489: Current Lds: 122.2 Live Heifer: 1350 $189.44 22,016: Previous Lds: 107.8 Drsd Steer: 964 $302.14 14,592 Drsd Heifer: 856 $302.22 6,126 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.84 Ch 600-900# : 88.13%: Steer Dressing % : 62.97% Ch 600-750# : 35.63%: Heifer Dressing %: 62.91% Ch 750-900# : 52.51%: Processing Cost : 12.00 Se 600-900# : 11.87%: Slaughter Cost : 50.50 Se 600-750# : 3.10%: Se 750-900# : 8.77%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 293.42 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 13.96 $278.09 $290.27 $307.38 $304.34 $291.67 Certified 1-3 5.50 $269.63 $281.81 $298.92 $295.88 $283.21 Choice 1 3.19 $267.32 $279.50 $296.61 $293.57 $280.90 Select 1 -8.81 $255.32 $267.50 $284.61 $281.57 $268.90 Stndrd 1-3 -34.29 $229.84 $242.02 $259.13 $256.09 $243.42 Prime 4 0.48 $264.61 $276.79 $293.90 $290.86 $278.19 Choice 4 -12.27 $251.86 $264.04 $281.15 $278.11 $265.44 ----------------------------------------------------------------------------- *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