USDA U.S. Department of Agriculture - April 23, 2024
NW_LS410
Des Moines, IA Tue, Apr 23, 2024 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $281.13 $274.59
Change => 0.74 0.45
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Current Index Reflects the Equivalent of 105,219 head of cattle.
SUPPLY (Live) 57,051 Hd
Equivalent: $276.86 $268.41
DEMAND (Box) 48,168 Hd*
Equivalent: $285.40 $280.76
Live-Box Spread: ($8.54) ($12.35)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $297.40
Weight Price Head : Se 600-900# $292.76
Live Steer: 1474 $182.74 26,678: Current Lds: 146.8
Live Heifer: 1342 $182.62 14,821: Previous Lds: 103.6
Drsd Steer: 965 $292.50 10,654
Drsd Heifer: 870 $292.47 4,898
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Grading % Breakdown : Drop Credit : 11.56
Ch 600-900# : 88.11%: Steer Dressing % : 63.07%
Ch 600-750# : 35.62%: Heifer Dressing %: 63.03%
Ch 750-900# : 52.49%: Processing Cost : 12.00
Se 600-900# : 11.89%: Slaughter Cost : 50.50
Se 600-750# : 3.10%:
Se 750-900# : 8.79%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 281.13 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -29.29 -17.11 -3.04 -15.00
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Prime 1-3 14.12 $265.96 $278.14 $295.25 $292.21 $280.25
Certified 1-3 5.16 $257.00 $269.18 $286.29 $283.25 $271.29
Choice 1 3.35 $255.19 $267.37 $284.48 $281.44 $269.48
Select 1 -4.57 $247.27 $259.45 $276.56 $273.52 $261.56
Stndrd 1-3 -30.84 $221.00 $233.18 $250.29 $247.25 $235.29
Prime 4 0.55 $252.39 $264.57 $281.68 $278.64 $266.68
Choice 4 -12.27 $239.57 $251.75 $268.86 $265.82 $253.86
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*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
