NW_LS410 Des Moines, IA Wed, Feb 27, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $199.24 $191.64 Change => -0.07 -0.43 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 78,295 head of cattle. SUPPLY (Live) 38,364 Hd Equivalent: $191.02 $182.49 DEMAND (Box) 39,931 Hd* Equivalent: $207.46 $200.79 Live-Box Spread: ($16.44) ($18.30) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $219.46 Weight Price Head : Se 600-900# $212.79 Live Steer: 1473 $126.36 17,521: Current Lds: 128.5 Live Heifer: 1353 $126.04 9,710: Previous Lds: 133.7 Drsd Steer: 912 $201.86 7,591 Drsd Heifer: 843 $202.20 3,542 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.98 Ch 600-900# : 86.22%: Steer Dressing % : 63.58% Ch 600-750# : 36.25%: Heifer Dressing %: 63.54% Ch 750-900# : 49.97%: Processing Cost : 12.00 Se 600-900# : 13.78%: Slaughter Cost : 50.50 Se 600-750# : 3.81%: Se 750-900# : 9.97%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 199.24 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 12.67 $181.20 $195.94 $211.91 $207.41 $188.24 Certified 1-3 5.28 $173.81 $188.55 $204.52 $200.02 $180.85 Choice 1 3.86 $172.39 $187.13 $203.10 $198.60 $179.43 Select 1 -4.05 $164.48 $179.22 $195.19 $190.69 $171.52 Stndrd 1-3 -27.64 $140.89 $155.63 $171.60 $167.10 $147.93 Prime 4 -0.76 $167.77 $182.51 $198.48 $193.98 $174.81 Choice 4 -11.93 $156.60 $171.34 $187.31 $182.81 $163.64 ----------------------------------------------------------------------------- *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