NW_LS410 Des Moines, IA Wed, Oct 30, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $296.80 $269.80 Change => -0.74 -0.47 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 141,434 head of cattle. SUPPLY (Live) 86,203 Hd Equivalent: $286.15 $262.27 DEMAND (Box) 55,231 Hd* Equivalent: $307.44 $277.32 Live-Box Spread: ($21.29) ($15.05) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $319.44 Weight Price Head : Se 600-900# $289.32 Live Steer: 1533 $189.93 54,367: Current Lds: 154.5 Live Heifer: 1359 $190.28 21,408: Previous Lds: 150.1 Drsd Steer: 972 $298.98 9,119 Drsd Heifer: 865 $298.59 1,309 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.08 Ch 600-900# : 87.54%: Steer Dressing % : 63.86% Ch 600-750# : 35.39%: Heifer Dressing %: 63.75% 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 = 296.80 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.45 ----------------------------------------------------------------------------- Prime 1-3 17.55 $285.06 $297.24 $314.35 $311.31 $298.90 Certified 1-3 5.43 $272.94 $285.12 $302.23 $299.19 $286.78 Choice 1 3.35 $270.86 $283.04 $300.15 $297.11 $284.70 Select 1 -20.07 $247.44 $259.62 $276.73 $273.69 $261.28 Stndrd 1-3 -36.99 $230.52 $242.70 $259.81 $256.77 $244.36 Prime 4 3.80 $271.31 $283.49 $300.60 $297.56 $285.15 Choice 4 -12.45 $255.06 $267.24 $284.35 $281.31 $268.90 ----------------------------------------------------------------------------- *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