Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA Thu, Mar 28, 2024 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $291.90 $282.06
Change => -0.15 1.33
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Current Index Reflects the Equivalent of 130,749 head of cattle.
SUPPLY (Live) 83,548 Hd
Equivalent: $287.44 $274.96
DEMAND (Box) 47,201 Hd*
Equivalent: $296.36 $289.17
Live-Box Spread: ($8.92) ($14.21)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $308.36
Weight Price Head : Se 600-900# $301.17
Live Steer: 1474 $189.43 41,327: Current Lds: 148.8
Live Heifer: 1349 $189.30 21,900: Previous Lds: 165.5
Drsd Steer: 965 $302.15 14,280
Drsd Heifer: 856 $302.22 6,041
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Grading % Breakdown : Drop Credit : 11.90
Ch 600-900# : 88.13%: Steer Dressing % : 62.98%
Ch 600-750# : 35.63%: Heifer Dressing %: 62.93%
Ch 750-900# : 52.51%: Processing Cost : 12.00
Se 600-900# : 11.87%: Slaughter Cost : 50.50
Se 600-750# : 3.10%:
Se 750-900# : 8.77%:
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Equivalent Values for Outlying Beef Carcass Types
Basis Value = 291.90 Carcass Weights
400-500#500-600# 600-900# 900-1000# 1000#/up
Qlty/Yield (1) -29.29 -17.11 -3.04 -15.71
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Prime 1-3 13.96 $276.57 $288.75 $305.86 $302.82 $290.15
Certified 1-3 5.50 $268.11 $280.29 $297.40 $294.36 $281.69
Choice 1 3.19 $265.80 $277.98 $295.09 $292.05 $279.38
Select 1 -8.81 $253.80 $265.98 $283.09 $280.05 $267.38
Stndrd 1-3 -34.29 $228.32 $240.50 $257.61 $254.57 $241.90
Prime 4 0.48 $263.09 $275.27 $292.38 $289.34 $276.67
Choice 4 -12.27 $250.34 $262.52 $279.63 $276.59 $263.92
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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