NW_LS410
Des Moines, IA     Mon, Feb 11, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $197.03             $191.53
 Change =>                       1.45                2.17
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Current Index Reflects the Equivalent of 109,510 head of cattle.
SUPPLY (Live)  69,682 Hd
Equivalent:                   $189.19             $181.20
DEMAND (Box)   39,828 Hd*
Equivalent:                   $204.88             $201.86
Live-Box Spread:             ($15.69)            ($20.66)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $216.88
                  Weight   Price     Head      : Se 600-900#          $213.86
  Live Steer:          1465   $124.95    28,458: Current Lds:            78.0
  Live Heifer:         1321   $124.84    15,614: Previous Lds:           82.7
  Drsd Steer:           923   $199.91    17,360
  Drsd Heifer:          838   $199.87     8,250
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      Grading % Breakdown            :         Drop Credit      :        9.01
 Ch 600-900# :                 85.92%:         Steer Dressing % :      63.59%
 Ch 600-750# :                 34.97%:         Heifer Dressing %:      63.56%
 Ch 750-900# :                 50.94%:         Processing Cost  :       12.00
 Se 600-900# :                 14.08%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.95%:
 Se 750-900# :                 10.13%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 197.03                       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   $178.99   $193.73   $209.70   $205.20   $186.03
 Certified 1-3         5.28   $171.60   $186.34   $202.31   $197.81   $178.64
 Choice 1              3.86   $170.18   $184.92   $200.89   $196.39   $177.22
 Select 1             -3.50   $162.82   $177.56   $193.53   $189.03   $169.86
 Stndrd 1-3          -27.21   $139.11   $153.85   $169.82   $165.32   $146.15
 Prime 4              -0.76   $165.56   $180.30   $196.27   $191.77   $172.60
 Choice 4            -11.93   $154.39   $169.13   $185.10   $180.60   $161.43
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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