NW_LS410 Des Moines, IA Thu, Dec 07, 2023 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $269.43 $239.95 Change => -1.64 -1.81 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 151,547 head of cattle. SUPPLY (Live) 81,385 Hd Equivalent: $261.02 $233.06 DEMAND (Box) 70,162 Hd* Equivalent: $277.84 $246.83 Live-Box Spread: ($16.82) ($13.77) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $289.84 Weight Price Head : Se 600-900# $258.83 Live Steer: 1492 $172.36 36,089: Current Lds: 218.0 Live Heifer: 1348 $172.17 19,735: Previous Lds: 235.1 Drsd Steer: 983 $271.81 20,449 Drsd Heifer: 862 $273.80 5,112 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.98 Ch 600-900# : 86.13%: Steer Dressing % : 63.14% Ch 600-750# : 34.81%: Heifer Dressing %: 62.99% Ch 750-900# : 51.31%: Processing Cost : 12.00 Se 600-900# : 13.87%: Slaughter Cost : 50.50 Se 600-750# : 3.62%: Se 750-900# : 10.25%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 269.43 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 16.10 $256.24 $268.42 $285.53 $282.49 $269.82 Certified 1-3 5.92 $246.06 $258.24 $275.35 $272.31 $259.64 Choice 1 3.58 $243.72 $255.90 $273.01 $269.97 $257.30 Select 1 -23.92 $216.22 $228.40 $245.51 $242.47 $229.80 Stndrd 1-3 -36.94 $203.20 $215.38 $232.49 $229.45 $216.78 Prime 4 2.83 $242.97 $255.15 $272.26 $269.22 $256.55 Choice 4 -11.92 $228.22 $240.40 $257.51 $254.47 $241.80 ----------------------------------------------------------------------------- *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