NW_LS410 Des Moines, IA Tue, Jun 11, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $295.10 $279.17 Change => 0.35 -0.26 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 89,604 head of cattle. SUPPLY (Live) 43,977 Hd Equivalent: $283.98 $269.73 DEMAND (Box) 45,627 Hd* Equivalent: $306.21 $288.62 Live-Box Spread: ($22.23) ($18.89) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $318.21 Weight Price Head : Se 600-900# $300.62 Live Steer: 1472 $188.90 21,941: Current Lds: 144.4 Live Heifer: 1295 $187.66 10,998: Previous Lds: 108.6 Drsd Steer: 948 $301.10 8,378 Drsd Heifer: 863 $300.91 2,660 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.57 Ch 600-900# : 87.36%: Steer Dressing % : 63.26% Ch 600-750# : 35.31%: Heifer Dressing %: 63.19% Ch 750-900# : 52.05%: Processing Cost : 12.00 Se 600-900# : 12.64%: Slaughter Cost : 50.50 Se 600-750# : 3.30%: Se 750-900# : 9.34%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 295.10 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 13.84 $279.65 $291.83 $308.94 $305.90 $293.94 Certified 1-3 6.01 $271.82 $284.00 $301.11 $298.07 $286.11 Choice 1 3.35 $269.16 $281.34 $298.45 $295.41 $283.45 Select 1 -10.40 $255.41 $267.59 $284.70 $281.66 $269.70 Stndrd 1-3 -33.20 $232.61 $244.79 $261.90 $258.86 $246.90 Prime 4 0.09 $265.90 $278.08 $295.19 $292.15 $280.19 Choice 4 -12.45 $253.36 $265.54 $282.65 $279.61 $267.65 ----------------------------------------------------------------------------- *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