NW_LS410 Des Moines, IA Tue, Oct 15, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $186.57 $160.78 Change => 0.48 1.16 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 110,845 head of cattle. SUPPLY (Live) 63,699 Hd Equivalent: $167.13 $142.07 DEMAND (Box) 47,146 Hd* Equivalent: $206.02 $179.48 Live-Box Spread: ($38.89) ($37.41) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $218.02 Weight Price Head : Se 600-900# $191.48 Live Steer: 1464 $109.10 28,126: Current Lds: 160.0 Live Heifer: 1306 $109.23 16,199: Previous Lds: 82.2 Drsd Steer: 946 $171.66 12,805 Drsd Heifer: 833 $171.65 6,569 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.82 Ch 600-900# : 81.82%: Steer Dressing % : 63.26% Ch 600-750# : 32.23%: Heifer Dressing %: 63.26% Ch 750-900# : 49.60%: Processing Cost : 12.00 Se 600-900# : 18.18%: Slaughter Cost : 50.50 Se 600-750# : 6.64%: Se 750-900# : 11.54%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 186.57 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -17.64 -4.34 -17.33 ----------------------------------------------------------------------------- Prime 1-3 19.26 $175.12 $188.19 $205.83 $201.49 $188.50 Certified 1-3 5.21 $161.07 $174.14 $191.78 $187.44 $174.45 Choice 1 3.79 $159.65 $172.72 $190.36 $186.02 $173.03 Select 1 -20.75 $135.11 $148.18 $165.82 $161.48 $148.49 Stndrd 1-3 -32.30 $123.56 $136.63 $154.27 $149.93 $136.94 Prime 4 6.62 $162.48 $175.55 $193.19 $188.85 $175.86 Choice 4 -11.21 $144.65 $157.72 $175.36 $171.02 $158.03 ----------------------------------------------------------------------------- *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