NW_LS410 Des Moines, IA Thu, Jan 17, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $194.45 $187.22 Change => 0.35 0.42 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 113,383 head of cattle. SUPPLY (Live) 61,781 Hd Equivalent: $188.41 $178.79 DEMAND (Box) 51,602 Hd* Equivalent: $200.50 $195.64 Live-Box Spread: ($12.09) ($16.85) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $212.50 Weight Price Head : Se 600-900# $207.64 Live Steer: 1459 $123.73 32,439: Current Lds: 128.6 Live Heifer: 1320 $123.38 12,054: Previous Lds: 140.3 Drsd Steer: 928 $196.62 11,749 Drsd Heifer: 843 $196.64 5,539 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.93 Ch 600-900# : 85.59%: Steer Dressing % : 62.85% Ch 600-750# : 35.38%: Heifer Dressing %: 62.88% Ch 750-900# : 50.21%: Processing Cost : 12.00 Se 600-900# : 14.41%: Slaughter Cost : 50.50 Se 600-750# : 3.72%: Se 750-900# : 10.69%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 194.45 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 $176.67 $191.41 $207.38 $202.88 $183.71 Certified 1-3 5.28 $169.02 $183.76 $199.73 $195.23 $176.06 Choice 1 3.86 $167.60 $182.34 $198.31 $193.81 $174.64 Select 1 -5.14 $158.60 $173.34 $189.31 $184.81 $165.64 Stndrd 1-3 -27.64 $136.10 $150.84 $166.81 $162.31 $143.14 Prime 4 -0.50 $163.24 $177.98 $193.95 $189.45 $170.28 Choice 4 -11.93 $151.81 $166.55 $182.52 $178.02 $158.85 ----------------------------------------------------------------------------- *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