NW_LS410 Des Moines, IA Thu, Oct 17, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $186.81 $161.52 Change => 0.10 0.80 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 116,825 head of cattle. SUPPLY (Live) 67,863 Hd Equivalent: $167.50 $142.45 DEMAND (Box) 48,962 Hd* Equivalent: $206.11 $180.60 Live-Box Spread: ($38.61) ($38.15) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $218.11 Weight Price Head : Se 600-900# $192.60 Live Steer: 1472 $109.31 29,076: Current Lds: 145.8 Live Heifer: 1307 $109.36 16,370: Previous Lds: 154.5 Drsd Steer: 942 $172.78 15,630 Drsd Heifer: 834 $171.84 6,787 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.83 Ch 600-900# : 81.82%: Steer Dressing % : 63.29% Ch 600-750# : 32.23%: Heifer Dressing %: 63.27% Ch 750-900# : 49.60%: Processing Cost : 12.00 Se 600-900# : 18.18%: Slaughter Cost : 50.50 Se 600-750# : 6.64%: Se 750-900# : 11.54%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 186.81 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -17.64 -4.34 -17.33 ----------------------------------------------------------------------------- Prime 1-3 19.26 $175.36 $188.43 $206.07 $201.73 $188.74 Certified 1-3 5.21 $161.31 $174.38 $192.02 $187.68 $174.69 Choice 1 3.79 $159.89 $172.96 $190.60 $186.26 $173.27 Select 1 -20.75 $135.35 $148.42 $166.06 $161.72 $148.73 Stndrd 1-3 -32.30 $123.80 $136.87 $154.51 $150.17 $137.18 Prime 4 6.62 $162.72 $175.79 $193.43 $189.09 $176.10 Choice 4 -11.21 $144.89 $157.96 $175.60 $171.26 $158.27 ----------------------------------------------------------------------------- *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