NW_LS410 Des Moines, IA Mon, Jan 15, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $271.70 $252.34 Change => 0.95 2.41 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 82,080 head of cattle. SUPPLY (Live) 38,523 Hd Equivalent: $263.99 $244.12 DEMAND (Box) 43,557 Hd* Equivalent: $279.42 $260.56 Live-Box Spread: ($15.43) ($16.44) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $291.42 Weight Price Head : Se 600-900# $272.56 Live Steer: 1491 $173.58 19,096: Current Lds: 102.2 Live Heifer: 1351 $173.36 8,396: Previous Lds: 125.6 Drsd Steer: 950 $273.86 8,403 Drsd Heifer: 855 $273.48 2,628 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.65 Ch 600-900# : 86.76%: Steer Dressing % : 62.60% Ch 600-750# : 35.07%: Heifer Dressing %: 62.50% Ch 750-900# : 51.69%: Processing Cost : 12.00 Se 600-900# : 13.24%: Slaughter Cost : 50.50 Se 600-750# : 3.45%: Se 750-900# : 9.78%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 271.70 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 15.10 $257.51 $269.69 $286.80 $283.76 $271.09 Certified 1-3 5.78 $248.19 $260.37 $277.48 $274.44 $261.77 Choice 1 3.19 $245.60 $257.78 $274.89 $271.85 $259.18 Select 1 -16.23 $226.18 $238.36 $255.47 $252.43 $239.76 Stndrd 1-3 -34.86 $207.55 $219.73 $236.84 $233.80 $221.13 Prime 4 1.62 $244.03 $256.21 $273.32 $270.28 $257.61 Choice 4 -12.27 $230.14 $242.32 $259.43 $256.39 $243.72 ----------------------------------------------------------------------------- *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