Carcass Price Equivalent Index Value (Beef)
NW_LS410
Des Moines, IA Tue, Oct 22, 2024 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $297.50 $271.89
Change => 0.56 -0.70
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Current Index Reflects the Equivalent of 113,668 head of cattle.
SUPPLY (Live) 63,098 Hd
Equivalent: $283.03 $260.99
DEMAND (Box) 50,570 Hd*
Equivalent: $311.96 $282.80
Live-Box Spread: ($28.93) ($21.81)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $323.96
Weight Price Head : Se 600-900# $294.80
Live Steer: 1521 $187.68 36,239: Current Lds: 142.2
Live Heifer: 1354 $187.67 12,454: Previous Lds: 118.0
Drsd Steer: 991 $296.39 12,245
Drsd Heifer: 865 $295.93 2,160
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Grading % Breakdown : Drop Credit : 11.34
Ch 600-900# : 87.50%: Steer Dressing % : 63.52%
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 = 297.50 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 $285.76 $297.94 $315.05 $312.01 $299.60
Certified 1-3 5.43 $273.64 $285.82 $302.93 $299.89 $287.48
Choice 1 3.35 $271.56 $283.74 $300.85 $297.81 $285.40
Select 1 -18.23 $249.98 $262.16 $279.27 $276.23 $263.82
Stndrd 1-3 -36.70 $231.51 $243.69 $260.80 $257.76 $245.35
Prime 4 3.80 $272.01 $284.19 $301.30 $298.26 $285.85
Choice 4 -12.45 $255.76 $267.94 $285.05 $282.01 $269.60
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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