Carcass Price Equivalent Index Value (Beef)
NW_LS410
Des Moines, IA Mon, Dec 23, 2024 USDA Market News
***In observation of the Federal holidays, this report will not be issued on December 24 or 25, 2024.***
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $299.91 $270.08
Change => unchgd 0.47
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Current Index Reflects the Equivalent of 80,048 head of cattle.
SUPPLY (Live) 38,748 Hd
Equivalent: $295.84 $265.42
DEMAND (Box) 41,300 Hd*
Equivalent: $303.98 $274.75
Live-Box Spread: ($8.14) ($9.33)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $315.98
Weight Price Head : Se 600-900# $286.75
Live Steer: 1533 $194.69 24,166: Current Lds: 114.4
Live Heifer: 1378 $194.57 7,870: Previous Lds: 106.6
Drsd Steer: 983 $305.57 5,296
Drsd Heifer: 869 $304.92 1,416
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Grading % Breakdown : Drop Credit : 11.37
Ch 600-900# : 87.55%: Steer Dressing % : 63.24%
Ch 600-750# : 35.39%: Heifer Dressing %: 63.21%
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%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 299.91 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 18.41 $289.03 $301.21 $318.32 $315.28 $302.87
Certified 1-3 5.55 $276.17 $288.35 $305.46 $302.42 $290.01
Choice 1 3.35 $273.97 $286.15 $303.26 $300.22 $287.81
Select 1 -26.65 $243.97 $256.15 $273.26 $270.22 $257.81
Stndrd 1-3 -40.34 $230.28 $242.46 $259.57 $256.53 $244.12
Prime 4 4.66 $275.28 $287.46 $304.57 $301.53 $289.12
Choice 4 -12.45 $258.17 $270.35 $287.46 $284.42 $272.01
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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