NW_LS410 Des Moines, IA Fri, May 31, 2024 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $294.74 $281.78 Change => -0.62 -0.61 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 101,638 head of cattle. SUPPLY (Live) 54,509 Hd Equivalent: $288.28 $273.86 DEMAND (Box) 47,129 Hd* Equivalent: $301.20 $289.71 Live-Box Spread: ($12.92) ($15.85) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $313.20 Weight Price Head : Se 600-900# $301.71 Live Steer: 1431 $189.44 28,928: Current Lds: 127.1 Live Heifer: 1315 $189.56 13,892: Previous Lds: 136.9 Drsd Steer: 944 $303.37 8,978 Drsd Heifer: 850 $302.60 2,711 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.45 Ch 600-900# : 86.94%: Steer Dressing % : 63.14% Ch 600-750# : 35.14%: Heifer Dressing %: 63.03% Ch 750-900# : 51.80%: Processing Cost : 12.00 Se 600-900# : 13.06%: Slaughter Cost : 50.50 Se 600-750# : 3.41%: Se 750-900# : 9.65%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 294.74 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 14.12 $279.57 $291.75 $308.86 $305.82 $293.86 Certified 1-3 5.73 $271.18 $283.36 $300.47 $297.43 $285.47 Choice 1 3.35 $268.80 $280.98 $298.09 $295.05 $283.09 Select 1 -10.57 $254.88 $267.06 $284.17 $281.13 $269.17 Stndrd 1-3 -32.70 $232.75 $244.93 $262.04 $259.00 $247.04 Prime 4 0.55 $266.00 $278.18 $295.29 $292.25 $280.29 Choice 4 -12.27 $253.18 $265.36 $282.47 $279.43 $267.47 ----------------------------------------------------------------------------- *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