NW_LS410 Des Moines, IA Tue, Mar 12, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $289.97 $277.86 Change => 0.87 0.37 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 95,538 head of cattle. SUPPLY (Live) 61,910 Hd Equivalent: $281.35 $268.13 DEMAND (Box) 33,628 Hd* Equivalent: $298.59 $287.60 Live-Box Spread: ($17.24) ($19.47) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $310.59 Weight Price Head : Se 600-900# $299.60 Live Steer: 1495 $185.08 34,330: Current Lds: 86.6 Live Heifer: 1328 $185.12 16,982: Previous Lds: 76.9 Drsd Steer: 957 $293.71 7,881 Drsd Heifer: 868 $297.73 2,717 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.73 Ch 600-900# : 87.63%: Steer Dressing % : 62.85% Ch 600-750# : 35.42%: Heifer Dressing %: 62.77% Ch 750-900# : 52.20%: Processing Cost : 12.00 Se 600-900# : 12.37%: Slaughter Cost : 50.50 Se 600-750# : 3.23%: Se 750-900# : 9.14%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 289.97 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -29.29 -17.11 -3.04 -15.71 ----------------------------------------------------------------------------- Prime 1-3 14.32 $275.00 $287.18 $304.29 $301.25 $288.58 Certified 1-3 5.64 $266.32 $278.50 $295.61 $292.57 $279.90 Choice 1 3.19 $263.87 $276.05 $293.16 $290.12 $277.45 Select 1 -9.56 $251.12 $263.30 $280.41 $277.37 $264.70 Stndrd 1-3 -34.65 $226.03 $238.21 $255.32 $252.28 $239.61 Prime 4 0.84 $261.52 $273.70 $290.81 $287.77 $275.10 Choice 4 -12.27 $248.41 $260.59 $277.70 $274.66 $261.99 ----------------------------------------------------------------------------- *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