NW_LS410 Des Moines, IA Wed, Jan 23, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $196.67 $189.55 Change => 0.42 0.14 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 97,807 head of cattle. SUPPLY (Live) 56,759 Hd Equivalent: $188.13 $179.06 DEMAND (Box) 41,048 Hd* Equivalent: $205.21 $200.04 Live-Box Spread: ($17.08) ($20.98) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $217.21 Weight Price Head : Se 600-900# $212.04 Live Steer: 1464 $123.83 26,519: Current Lds: 134.0 Live Heifer: 1317 $123.67 12,667: Previous Lds: 94.3 Drsd Steer: 928 $196.91 12,273 Drsd Heifer: 843 $197.06 5,300 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.95 Ch 600-900# : 85.56%: Steer Dressing % : 63.00% 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 = 196.67 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 $178.89 $193.63 $209.60 $205.10 $185.93 Certified 1-3 5.28 $171.24 $185.98 $201.95 $197.45 $178.28 Choice 1 3.86 $169.82 $184.56 $200.53 $196.03 $176.86 Select 1 -4.59 $161.37 $176.11 $192.08 $187.58 $168.41 Stndrd 1-3 -27.36 $138.60 $153.34 $169.31 $164.81 $145.64 Prime 4 -0.50 $165.46 $180.20 $196.17 $191.67 $172.50 Choice 4 -11.93 $154.03 $168.77 $184.74 $180.24 $161.07 ----------------------------------------------------------------------------- *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