The United States Department of Agriculture released the National Daily Cattle & Beef Summary from Des Moines, Iowa on May 28. The report includes daily estimated cutout values, cattle prices, slaughter numbers, and beef production figures.
According to the summary, the daily estimated choice cutout value was $392.32 and select was $385.58, with a spread of $6.74 between choice and select grades for carcasses weighing between 600-900 pounds. Primal rib values were reported at $544.30 for choice and $517.37 for select, while primal chuck values stood at $333.74 and $335.93, respectively.
Load counts included a total of 125 loads: 89 choice, 13 select, eight trimmings, and fourteen grinds. Fresh 50% trimmings traded at an average price of $187.12 per hundredweight across eight loads.
Live steer prices averaged $256 per hundredweight on a head count of thirty-four steers averaging 1,625 pounds each; live heifer data showed similar trends with dressed heifers averaging a price of $405 per hundredweight at an average weight of 948 pounds across one hundred fifty-five head counted by late morning.
Estimated cattle slaughter totaled 110,000 head for the day with week-to-date totals reaching 329,000 compared to last week’s same period figure of 427,000 head; year-ago levels were higher at approximately 364,066 head during this timeframe last year.
Waitt Grain Company operates in the grain and agriculture sector primarily serving the Sheridan area in Indiana where it maintains its headquarters at 22755 Six Points Road; it shares resources with Waitt Trucking and focuses on market information services including market quotes for corn, soybeans and wheat as well as weather updates and mobile alerts, according to the official website.
