NW_LS410 Des Moines, IA Thu, Jan 24, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $196.96 $189.62 Change => 0.29 0.07 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 98,165 head of cattle. SUPPLY (Live) 57,456 Hd Equivalent: $188.16 $179.09 DEMAND (Box) 40,709 Hd* Equivalent: $205.75 $200.14 Live-Box Spread: ($17.59) ($21.05) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $217.75 Weight Price Head : Se 600-900# $212.14 Live Steer: 1463 $123.87 26,846: Current Lds: 124.0 Live Heifer: 1318 $123.69 13,013: Previous Lds: 134.0 Drsd Steer: 928 $196.95 12,337 Drsd Heifer: 843 $197.06 5,260 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.95 Ch 600-900# : 85.56%: Steer Dressing % : 63.01% Ch 600-750# : 35.46%: Heifer Dressing %: 62.99% Ch 750-900# : 50.10%: Processing Cost : 12.00 Se 600-900# : 14.44%: Slaughter Cost : 50.50 Se 600-750# : 3.73%: Se 750-900# : 10.71%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 196.96 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 $179.18 $193.92 $209.89 $205.39 $186.22 Certified 1-3 5.28 $171.53 $186.27 $202.24 $197.74 $178.57 Choice 1 3.86 $170.11 $184.85 $200.82 $196.32 $177.15 Select 1 -4.59 $161.66 $176.40 $192.37 $187.87 $168.70 Stndrd 1-3 -27.36 $138.89 $153.63 $169.60 $165.10 $145.93 Prime 4 -0.50 $165.75 $180.49 $196.46 $191.96 $172.79 Choice 4 -11.93 $154.32 $169.06 $185.03 $180.53 $161.36 ----------------------------------------------------------------------------- *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