NW_LS410 **Correction to Beef Cutouts and resulting values**
Des Moines, IA Thu, Mar 07, 2019 USDA Market News
USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
CHOICE SELECT
Index 600-900# 600-900#
Values => $204.48* $196.29*
Change => 0.56* 0.09*
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Current Index Reflects the Equivalent of 136,330 head of cattle.
SUPPLY (Live) 98,245 Hd
Equivalent: $194.93 $186.04
DEMAND (Box) 38,085 Hd*
Equivalent: $214.04* $206.54*
Live-Box Spread: ($19.11) ($20.50)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
(5 day accumulated wghtd avg) : Ch 600-900# $226.04*
Weight Price Head : Se 600-900# $218.54*
Live Steer: 1448 $128.22 38,647: Current Lds: 105.7
Live Heifer: 1305 $128.06 29,192: Previous Lds: 133.0
Drsd Steer: 912 $205.04 19,831
Drsd Heifer: 827 $204.89 10,575
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Grading % Breakdown : Drop Credit : 8.99
Ch 600-900# : 85.73%: Steer Dressing % : 63.28%
Ch 600-750# : 36.04%: Heifer Dressing %: 63.28%
Ch 750-900# : 49.68%: Processing Cost : 12.00
Se 600-900# : 14.27%: Slaughter Cost : 50.50
Se 600-750# : 3.95%:
Se 750-900# : 10.33%:
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Equivalent Values for Outlying Beef Carcass Types*
Basis Value = 204.48 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 12.67 $186.44 $201.18 $217.15 $212.65 $193.48
Certified 1-3 5.17 $178.94 $193.68 $209.65 $205.15 $185.98
Choice 1 3.86 $177.63 $192.37 $208.34 $203.84 $184.67
Select 1 -4.41 $169.36 $184.10 $200.07 $195.57 $176.40
Stndrd 1-3 -27.50 $146.27 $161.01 $176.98 $172.48 $153.31
Prime 4 -0.76 $173.01 $187.75 $203.72 $199.22 $180.05
Choice 4 -11.93 $161.84 $176.58 $192.55 $188.05 $168.88
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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