Carcass Price Equivalent Index Value (Beef)

NW_LS410
Des Moines, IA Wed, Jul 10, 2024 USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

CHOICE SELECT
Index 600-900# 600-900#
Values => $303.62 $282.62
Change => -2.13 -1.51
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 91,101 head of cattle.
SUPPLY (Live) 48,226 Hd
Equivalent: $295.19 $273.31
DEMAND (Box) 42,875 Hd*
Equivalent: $312.05 $291.94
Live-Box Spread: ($16.86) ($18.63)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $324.05
Weight Price Head : Se 600-900# $303.94
Live Steer: 1433 $194.89 29,743: Current Lds: 156.4
Live Heifer: 1331 $194.14 11,125: Previous Lds: 130.4
Drsd Steer: 933 $313.90 5,776
Drsd Heifer: 840 $313.98 1,582
-----------------------------------------------------------------------------
Grading % Breakdown : Drop Credit : 11.77
Ch 600-900# : 87.55%: Steer Dressing % : 63.48%
Ch 600-750# : 35.39%: Heifer Dressing %: 63.45%
Ch 750-900# : 52.16%: Processing Cost : 12.00
Se 600-900# : 12.45%: Slaughter Cost : 50.50
Se 600-750# : 3.25%:
Se 750-900# : 9.20%:
-----------------------------------------------------------------------------
Equivalent Values for Outlying Beef Carcass Types
Basis Value = 303.62 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 13.69 $288.02 $300.20 $317.31 $314.27 $302.31
Certified 1-3 6.30 $280.63 $292.81 $309.92 $306.88 $294.92
Choice 1 3.35 $277.68 $289.86 $306.97 $303.93 $291.97
Select 1 -18.07 $256.26 $268.44 $285.55 $282.51 $270.55
Stndrd 1-3 -35.84 $238.49 $250.67 $267.78 $264.74 $252.78
Prime 4 -0.06 $274.27 $286.45 $303.56 $300.52 $288.56
Choice 4 -12.45 $261.88 $274.06 $291.17 $288.13 $276.17
-----------------------------------------------------------------------------
*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