NW_LS410 Des Moines, IA Tue, Jan 15, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $194.24 $186.26 Change => 0.10 0.21 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 111,653 head of cattle. SUPPLY (Live) 61,387 Hd Equivalent: $188.27 $178.65 DEMAND (Box) 50,266 Hd* Equivalent: $200.21 $193.87 Live-Box Spread: ($11.94) ($15.22) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $212.21 Weight Price Head : Se 600-900# $205.87 Live Steer: 1459 $123.72 32,138: Current Lds: 173.3 Live Heifer: 1319 $123.37 11,975: Previous Lds: 138.4 Drsd Steer: 928 $196.61 11,775 Drsd Heifer: 844 $196.63 5,499 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.01 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 = 194.24 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 $176.46 $191.20 $207.17 $202.67 $183.50 Certified 1-3 5.28 $168.81 $183.55 $199.52 $195.02 $175.85 Choice 1 3.86 $167.39 $182.13 $198.10 $193.60 $174.43 Select 1 -5.14 $158.39 $173.13 $189.10 $184.60 $165.43 Stndrd 1-3 -27.64 $135.89 $150.63 $166.60 $162.10 $142.93 Prime 4 -0.50 $163.03 $177.77 $193.74 $189.24 $170.07 Choice 4 -11.93 $151.60 $166.34 $182.31 $177.81 $158.64 ----------------------------------------------------------------------------- *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