NW_LS410
Des Moines, IA     Thu, Jan 31, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $195.35             $189.61
 Change =>                      -1.34               -0.07
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Current Index Reflects the Equivalent of 137,881 head of cattle.
SUPPLY (Live)  92,600 Hd
Equivalent:                   $187.32             $178.34
DEMAND (Box)   45,281 Hd*
Equivalent:                   $203.39             $200.88
Live-Box Spread:             ($16.07)            ($22.54)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $215.39
                  Weight   Price     Head      : Se 600-900#          $212.88
  Live Steer:          1465   $123.18    42,985: Current Lds:           139.4
  Live Heifer:         1324   $122.80    20,381: Previous Lds:          132.6
  Drsd Steer:           930   $197.20    21,549
  Drsd Heifer:          823   $197.26     7,685
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      Grading % Breakdown            :         Drop Credit      :        8.96
 Ch 600-900# :                 85.87%:         Steer Dressing % :      63.05%
 Ch 600-750# :                 35.78%:         Heifer Dressing %:      63.01%
 Ch 750-900# :                 50.09%:         Processing Cost  :       12.00
 Se 600-900# :                 14.13%:         Slaughter Cost   :       50.50
 Se 600-750# :                  4.01%:
 Se 750-900# :                 10.11%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 195.35                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -15.97               -4.50    -23.67
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 Prime 1-3            12.93   $177.57   $192.31   $208.28   $203.78   $184.61
 Certified 1-3         5.39   $170.03   $184.77   $200.74   $196.24   $177.07
 Choice 1              3.86   $168.50   $183.24   $199.21   $194.71   $175.54
 Select 1             -4.50   $160.14   $174.88   $190.85   $186.35   $167.18
 Stndrd 1-3          -27.29   $137.35   $152.09   $168.06   $163.56   $144.39
 Prime 4              -0.50   $164.14   $178.88   $194.85   $190.35   $171.18
 Choice 4            -11.93   $152.71   $167.45   $183.42   $178.92   $159.75
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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