NW_LS410 Des Moines, IA Tue, Jan 29, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $196.73 $189.46 Change => 0.37 0.48 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 139,997 head of cattle. SUPPLY (Live) 95,766 Hd Equivalent: $187.33 $178.35 DEMAND (Box) 44,231 Hd* Equivalent: $206.13 $200.57 Live-Box Spread: ($18.80) ($22.22) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $218.13 Weight Price Head : Se 600-900# $212.57 Live Steer: 1463 $123.17 44,895: Current Lds: 113.9 Live Heifer: 1323 $122.81 21,481: Previous Lds: 120.5 Drsd Steer: 930 $197.19 21,843 Drsd Heifer: 822 $197.25 7,547 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.96 Ch 600-900# : 85.87%: Steer Dressing % : 63.03% Ch 600-750# : 35.78%: Heifer Dressing %: 62.99% 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%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 196.73 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -15.97 -4.50 -23.67 ----------------------------------------------------------------------------- Prime 1-3 12.93 $178.95 $193.69 $209.66 $205.16 $185.99 Certified 1-3 5.39 $171.41 $186.15 $202.12 $197.62 $178.45 Choice 1 3.86 $169.88 $184.62 $200.59 $196.09 $176.92 Select 1 -4.50 $161.52 $176.26 $192.23 $187.73 $168.56 Stndrd 1-3 -27.29 $138.73 $153.47 $169.44 $164.94 $145.77 Prime 4 -0.50 $165.52 $180.26 $196.23 $191.73 $172.56 Choice 4 -11.93 $154.09 $168.83 $184.80 $180.30 $161.13 ----------------------------------------------------------------------------- *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