NW_LS410 Des Moines, IA Mon, Apr 15, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $205.56 $195.04 Change => 1.64 0.54 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 99,009 head of cattle. SUPPLY (Live) 55,447 Hd Equivalent: $192.14 $180.86 DEMAND (Box) 43,562 Hd* Equivalent: $218.98 $209.22 Live-Box Spread: ($26.84) ($28.36) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $230.98 Weight Price Head : Se 600-900# $221.22 Live Steer: 1410 $126.27 25,298: Current Lds: 92.9 Live Heifer: 1279 $125.45 15,117: Previous Lds: 120.5 Drsd Steer: 901 $204.89 9,933 Drsd Heifer: 814 $204.86 5,099 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.18 Ch 600-900# : 85.80%: Steer Dressing % : 63.28% Ch 600-750# : 35.56%: Heifer Dressing %: 63.17% Ch 750-900# : 50.24%: Processing Cost : 12.00 Se 600-900# : 14.20%: Slaughter Cost : 50.50 Se 600-750# : 4.25%: Se 750-900# : 9.95%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 205.56 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -17.64 -4.50 -18.00 ----------------------------------------------------------------------------- Prime 1-3 13.87 $188.72 $201.79 $219.43 $214.93 $201.43 Certified 1-3 5.28 $180.13 $193.20 $210.84 $206.34 $192.84 Choice 1 3.86 $178.71 $191.78 $209.42 $204.92 $191.42 Select 1 -6.81 $168.04 $181.11 $198.75 $194.25 $180.75 Stndrd 1-3 -29.03 $145.82 $158.89 $176.53 $172.03 $158.53 Prime 4 1.16 $176.01 $189.08 $206.72 $202.22 $188.72 Choice 4 -11.21 $163.64 $176.71 $194.35 $189.85 $176.35 ----------------------------------------------------------------------------- *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