NW_LS410 Des Moines, IA Fri, Feb 22, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $198.50 $191.04 Change => 0.71 0.53 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 112,668 head of cattle. SUPPLY (Live) 71,327 Hd Equivalent: $189.62 $181.72 DEMAND (Box) 41,341 Hd* Equivalent: $207.39 $200.35 Live-Box Spread: ($17.77) ($18.63) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $219.39 Weight Price Head : Se 600-900# $212.35 Live Steer: 1468 $124.99 38,337: Current Lds: 81.6 Live Heifer: 1324 $124.95 14,871: Previous Lds: 105.6 Drsd Steer: 924 $199.98 13,198 Drsd Heifer: 837 $199.98 4,921 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.99 Ch 600-900# : 86.29%: Steer Dressing % : 63.17% Ch 600-750# : 35.02%: Heifer Dressing %: 63.16% Ch 750-900# : 51.27%: Processing Cost : 12.00 Se 600-900# : 13.71%: Slaughter Cost : 50.50 Se 600-750# : 3.06%: Se 750-900# : 10.64%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 198.50 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 12.60 $180.39 $195.13 $211.10 $206.60 $187.43 Certified 1-3 5.39 $173.18 $187.92 $203.89 $199.39 $180.22 Choice 1 3.86 $171.65 $186.39 $202.36 $197.86 $178.69 Select 1 -3.41 $164.38 $179.12 $195.09 $190.59 $171.42 Stndrd 1-3 -27.36 $140.43 $155.17 $171.14 $166.64 $147.47 Prime 4 -0.83 $166.96 $181.70 $197.67 $193.17 $174.00 Choice 4 -11.93 $155.86 $170.60 $186.57 $182.07 $162.90 ----------------------------------------------------------------------------- *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