NW_LS410
Des Moines, IA     Fri, Jan 25, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $196.47             $189.44
 Change =>                      -0.49               -0.18
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Current Index Reflects the Equivalent of 114,492 head of cattle.
SUPPLY (Live)  73,690 Hd
Equivalent:                   $187.92             $178.85
DEMAND (Box)   40,802 Hd*
Equivalent:                   $205.01             $200.03
Live-Box Spread:             ($17.09)            ($21.18)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $217.01
                  Weight   Price     Head      : Se 600-900#          $212.03
  Live Steer:          1469   $123.55    37,393: Current Lds:            97.4
  Live Heifer:         1325   $123.40    18,015: Previous Lds:          124.0
  Drsd Steer:           929   $196.96    12,940
  Drsd Heifer:          840   $197.03     5,342
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      Grading % Breakdown            :         Drop Credit      :        8.96
 Ch 600-900# :                 85.56%:         Steer Dressing % :      62.92%
 Ch 600-750# :                 35.46%:         Heifer Dressing %:      62.91%
 Ch 750-900# :                 50.10%:         Processing Cost  :       12.00
 Se 600-900# :                 14.44%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.73%:
 Se 750-900# :                 10.71%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 196.47                       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   $178.69   $193.43   $209.40   $204.90   $185.73
 Certified 1-3         5.28   $171.04   $185.78   $201.75   $197.25   $178.08
 Choice 1              3.86   $169.62   $184.36   $200.33   $195.83   $176.66
 Select 1             -4.59   $161.17   $175.91   $191.88   $187.38   $168.21
 Stndrd 1-3          -27.36   $138.40   $153.14   $169.11   $164.61   $145.44
 Prime 4              -0.50   $165.26   $180.00   $195.97   $191.47   $172.30
 Choice 4            -11.93   $153.83   $168.57   $184.54   $180.04   $160.87
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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