NW_LS410 Des Moines, IA Fri, Dec 08, 2023 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $267.63 $238.59 Change => -1.80 -1.36 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 128,889 head of cattle. SUPPLY (Live) 58,084 Hd Equivalent: $259.24 $231.28 DEMAND (Box) 70,805 Hd* Equivalent: $276.01 $245.90 Live-Box Spread: ($16.77) ($14.62) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $288.01 Weight Price Head : Se 600-900# $257.90 Live Steer: 1491 $170.88 27,082: Current Lds: 167.1 Live Heifer: 1344 $171.04 14,975: Previous Lds: 218.0 Drsd Steer: 990 $270.02 14,162 Drsd Heifer: 858 $271.35 1,865 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.94 Ch 600-900# : 86.13%: Steer Dressing % : 63.09% Ch 600-750# : 34.81%: Heifer Dressing %: 62.86% 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 = 267.63 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 $254.44 $266.62 $283.73 $280.69 $268.02 Certified 1-3 5.92 $244.26 $256.44 $273.55 $270.51 $257.84 Choice 1 3.58 $241.92 $254.10 $271.21 $268.17 $255.50 Select 1 -23.92 $214.42 $226.60 $243.71 $240.67 $228.00 Stndrd 1-3 -36.94 $201.40 $213.58 $230.69 $227.65 $214.98 Prime 4 2.83 $241.17 $253.35 $270.46 $267.42 $254.75 Choice 4 -11.92 $226.42 $238.60 $255.71 $252.67 $240.00 ----------------------------------------------------------------------------- *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