NW_LS410 ***Corrected Report*** Des Moines, IA Wed, Jan 16, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $194.10* $186.80 Change => -0.14 0.54 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 112,715 head of cattle. SUPPLY (Live) 61,406 Hd Equivalent: $188.27 $178.65 DEMAND (Box) 51,309 Hd* Equivalent: $199.93* $194.94 Live-Box Spread: ($11.66)* ($16.29) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $211.93* Weight Price Head : Se 600-900# $206.94 Live Steer: 1459 $123.72 32,201: Current Lds: 140.3 Live Heifer: 1319 $123.37 11,975: Previous Lds: 173.3 Drsd Steer: 928 $196.63 11,731 Drsd Heifer: 844 $196.63 5,499 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.01 Ch 600-900# : 85.59%: Steer Dressing % : 62.84% 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 = 194.10 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 *$176.32 $191.06 $207.03 $202.53 $183.36 Certified 1-3 5.28 $168.67 $183.41 $199.38 $194.88 $175.71 Choice 1 3.86 $167.25 $181.99 $197.96 $193.46 $174.29 Select 1 -5.14 $158.25 $172.99 $188.96 $184.46 $165.29 Stndrd 1-3 -27.64 $135.75 $150.49 $166.46 $161.96 $142.79 Prime 4 -0.50 $162.89 $177.63 $193.60 $189.10 $169.93 Choice 4 -11.93 $151.46 $166.20 $182.17 $177.67 $158.50* ----------------------------------------------------------------------------- *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