USDA U.S. Department of Agriculture - April 25, 2024
NW_LS410
Des Moines, IA Thu, Apr 25, 2024 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $281.00 $273.14
Change => 0.73 -0.24
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Current Index Reflects the Equivalent of 122,690 head of cattle.
SUPPLY (Live) 74,306 Hd
Equivalent: $277.08 $268.63
DEMAND (Box) 48,384 Hd*
Equivalent: $284.92 $277.66
Live-Box Spread: ($7.84) ($9.03)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $296.92
Weight Price Head : Se 600-900# $289.66
Live Steer: 1443 $182.57 37,309: Current Lds: 120.2
Live Heifer: 1320 $182.41 21,657: Previous Lds: 148.1
Drsd Steer: 966 $292.46 10,587
Drsd Heifer: 870 $292.40 4,753
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Grading % Breakdown : Drop Credit : 11.42
Ch 600-900# : 88.11%: Steer Dressing % : 62.98%
Ch 600-750# : 35.62%: Heifer Dressing %: 62.94%
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 = 281.00 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 $265.83 $278.01 $295.12 $292.08 $280.12
Certified 1-3 5.16 $256.87 $269.05 $286.16 $283.12 $271.16
Choice 1 3.35 $255.06 $267.24 $284.35 $281.31 $269.35
Select 1 -4.57 $247.14 $259.32 $276.43 $273.39 $261.43
Stndrd 1-3 -30.84 $220.87 $233.05 $250.16 $247.12 $235.16
Prime 4 0.55 $252.26 $264.44 $281.55 $278.51 $266.55
Choice 4 -12.27 $239.44 $251.62 $268.73 $265.69 $253.73
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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
