NW_LS410 Des Moines, IA Fri, Feb 15, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $196.98 $190.06 Change => 0.37 0.27 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 115,136 head of cattle. SUPPLY (Live) 75,566 Hd Equivalent: $189.12 $181.13 DEMAND (Box) 39,570 Hd* Equivalent: $204.85 $198.99 Live-Box Spread: ($15.73) ($17.86) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $216.85 Weight Price Head : Se 600-900# $210.99 Live Steer: 1476 $124.94 31,200: Current Lds: 102.3 Live Heifer: 1326 $124.81 17,041: Previous Lds: 112.7 Drsd Steer: 922 $199.91 18,181 Drsd Heifer: 836 $199.88 9,144 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.08 Ch 600-900# : 85.92%: Steer Dressing % : 63.52% Ch 600-750# : 34.97%: Heifer Dressing %: 63.53% Ch 750-900# : 50.94%: Processing Cost : 12.00 Se 600-900# : 14.08%: Slaughter Cost : 50.50 Se 600-750# : 3.95%: Se 750-900# : 10.13%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 196.98 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 12.67 $178.94 $193.68 $209.65 $205.15 $185.98 Certified 1-3 5.28 $171.55 $186.29 $202.26 $197.76 $178.59 Choice 1 3.86 $170.13 $184.87 $200.84 $196.34 $177.17 Select 1 -3.50 $162.77 $177.51 $193.48 $188.98 $169.81 Stndrd 1-3 -27.21 $139.06 $153.80 $169.77 $165.27 $146.10 Prime 4 -0.76 $165.51 $180.25 $196.22 $191.72 $172.55 Choice 4 -11.93 $154.34 $169.08 $185.05 $180.55 $161.38 ----------------------------------------------------------------------------- *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