Carcass Price Equivalent Index Value (Beef)
NW_LS410
Des Moines, IA Wed, Oct 23, 2024 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $296.15 $272.30
Change => -1.35 0.41
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Current Index Reflects the Equivalent of 112,770 head of cattle.
SUPPLY (Live) 62,860 Hd
Equivalent: $282.88 $260.84
DEMAND (Box) 49,910 Hd*
Equivalent: $309.41 $283.77
Live-Box Spread: ($26.53) ($22.93)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $321.41
Weight Price Head : Se 600-900# $295.77
Live Steer: 1521 $187.65 36,063: Current Lds: 136.0
Live Heifer: 1354 $187.69 12,532: Previous Lds: 142.2
Drsd Steer: 990 $296.41 12,105
Drsd Heifer: 865 $295.93 2,160
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Grading % Breakdown : Drop Credit : 11.43
Ch 600-900# : 87.50%: Steer Dressing % : 63.51%
Ch 600-750# : 35.37%: Heifer Dressing %: 63.43%
Ch 750-900# : 52.13%: Processing Cost : 12.00
Se 600-900# : 12.50%: Slaughter Cost : 50.50
Se 600-750# : 3.26%:
Se 750-900# : 9.24%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 296.15 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -29.29 -17.11 -3.04 -15.45
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Prime 1-3 17.55 $284.41 $296.59 $313.70 $310.66 $298.25
Certified 1-3 5.43 $272.29 $284.47 $301.58 $298.54 $286.13
Choice 1 3.35 $270.21 $282.39 $299.50 $296.46 $284.05
Select 1 -18.23 $248.63 $260.81 $277.92 $274.88 $262.47
Stndrd 1-3 -36.70 $230.16 $242.34 $259.45 $256.41 $244.00
Prime 4 3.80 $270.66 $282.84 $299.95 $296.91 $284.50
Choice 4 -12.45 $254.41 $266.59 $283.70 $280.66 $268.25
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*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