NW_LS410 Des Moines, IA Tue, Aug 20, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $294.81 $278.76 Change => -0.22 -0.47 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 102,670 head of cattle. SUPPLY (Live) 55,063 Hd Equivalent: $286.54 $268.48 DEMAND (Box) 47,607 Hd* Equivalent: $303.08 $289.04 Live-Box Spread: ($16.54) ($20.56) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $315.08 Weight Price Head : Se 600-900# $301.04 Live Steer: 1477 $189.36 29,446: Current Lds: 137.3 Live Heifer: 1326 $188.16 12,621: Previous Lds: 134.5 Drsd Steer: 970 $298.20 11,265 Drsd Heifer: 864 $298.11 1,731 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.27 Ch 600-900# : 87.54%: Steer Dressing % : 63.28% Ch 600-750# : 35.39%: Heifer Dressing %: 62.96% Ch 750-900# : 52.15%: Processing Cost : 12.00 Se 600-900# : 12.46%: Slaughter Cost : 50.50 Se 600-750# : 3.25%: Se 750-900# : 9.21%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 294.81 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 14.62 $280.14 $292.32 $309.43 $306.39 $294.43 Certified 1-3 5.18 $270.70 $282.88 $299.99 $296.95 $284.99 Choice 1 3.35 $268.87 $281.05 $298.16 $295.12 $283.16 Select 1 -14.23 $251.29 $263.47 $280.58 $277.54 $265.58 Stndrd 1-3 -34.41 $231.11 $243.29 $260.40 $257.36 $245.40 Prime 4 0.87 $266.39 $278.57 $295.68 $292.64 $280.68 Choice 4 -12.45 $253.07 $265.25 $282.36 $279.32 $267.36 ----------------------------------------------------------------------------- *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