NW_LS410 Des Moines, IA Fri, Aug 17, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $182.46 $173.24 Change => 0.87 -0.53 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 79,190 head of cattle. SUPPLY (Live) 38,790 Hd Equivalent: $165.53 $157.55 DEMAND (Box) 40,400 Hd* Equivalent: $199.38 $188.92 Live-Box Spread: ($33.85) ($31.37) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $211.38 Weight Price Head : Se 600-900# $200.92 Live Steer: 1431 $110.11 21,336: Current Lds: 88.0 Live Heifer: 1264 $110.41 9,514: Previous Lds: 117.3 Drsd Steer: 915 $173.58 5,905 Drsd Heifer: 813 $173.53 2,035 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.26 Ch 600-900# : 83.18%: Steer Dressing % : 63.35% Ch 600-750# : 33.63%: Heifer Dressing %: 63.28% Ch 750-900# : 49.55%: Processing Cost : 12.00 Se 600-900# : 16.82%: Slaughter Cost : 50.50 Se 600-750# : 5.54%: Se 750-900# : 11.28%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 182.46 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -14.97 -4.50 -23.67 ----------------------------------------------------------------------------- Prime 1-3 14.20 $165.95 $181.69 $196.66 $192.16 $172.99 Certified 1-3 5.06 $156.81 $172.55 $187.52 $183.02 $163.85 Choice 1 3.86 $155.61 $171.35 $186.32 $181.82 $162.65 Select 1 -3.50 $148.25 $163.99 $178.96 $174.46 $155.29 Stndrd 1-3 -26.29 $125.46 $141.20 $156.17 $151.67 $132.50 Prime 4 1.63 $153.38 $169.12 $184.09 $179.59 $160.42 Choice 4 -11.07 $140.68 $156.42 $171.39 $166.89 $147.72 ----------------------------------------------------------------------------- *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