NW_LS410 Des Moines, IA Tue, Jun 25, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $303.17 $285.32 Change => 0.44 0.16 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 96,765 head of cattle. SUPPLY (Live) 52,994 Hd Equivalent: $294.95 $277.39 DEMAND (Box) 43,771 Hd* Equivalent: $311.39 $293.26 Live-Box Spread: ($16.44) ($15.87) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $323.39 Weight Price Head : Se 600-900# $305.26 Live Steer: 1448 $194.71 29,362: Current Lds: 120.6 Live Heifer: 1312 $194.38 10,816: Previous Lds: 108.7 Drsd Steer: 944 $310.69 10,816 Drsd Heifer: 852 $310.33 2,000 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.95 Ch 600-900# : 87.57%: Steer Dressing % : 63.33% Ch 600-750# : 35.40%: Heifer Dressing %: 63.19% Ch 750-900# : 52.17%: Processing Cost : 12.00 Se 600-900# : 12.43%: Slaughter Cost : 50.50 Se 600-750# : 3.24%: Se 750-900# : 9.18%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 303.17 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 13.62 $287.50 $299.68 $316.79 $313.75 $301.79 Certified 1-3 6.01 $279.89 $292.07 $309.18 $306.14 $294.18 Choice 1 3.35 $277.23 $289.41 $306.52 $303.48 $291.52 Select 1 -13.73 $260.15 $272.33 $289.44 $286.40 $274.44 Stndrd 1-3 -34.56 $239.32 $251.50 $268.61 $265.57 $253.61 Prime 4 -0.13 $273.75 $285.93 $303.04 $300.00 $288.04 Choice 4 -12.45 $261.43 $273.61 $290.72 $287.68 $275.72 ----------------------------------------------------------------------------- *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