NW_LS410 Des Moines, IA Thu, Sep 19, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $179.66 $155.22 Change => 0.04 0.16 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 106,906 head of cattle. SUPPLY (Live) 54,107 Hd Equivalent: $153.14 $130.28 DEMAND (Box) 52,799 Hd* Equivalent: $206.17 $180.16 Live-Box Spread: ($53.03) ($49.88) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $218.17 Weight Price Head : Se 600-900# $192.16 Live Steer: 1438 $100.41 23,609: Current Lds: 138.9 Live Heifer: 1294 $100.01 14,239: Previous Lds: 171.6 Drsd Steer: 921 $159.50 13,456 Drsd Heifer: 824 $159.59 2,803 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.05 Ch 600-900# : 81.91%: Steer Dressing % : 63.31% Ch 600-750# : 32.52%: Heifer Dressing %: 63.32% Ch 750-900# : 49.39%: Processing Cost : 12.00 Se 600-900# : 18.09%: Slaughter Cost : 50.50 Se 600-750# : 5.92%: Se 750-900# : 12.17%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 179.66 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -31.43 -17.97 -4.50 -17.67 ----------------------------------------------------------------------------- Prime 1-3 18.60 $166.83 $180.29 $198.26 $193.76 $180.59 Certified 1-3 5.17 $153.40 $166.86 $184.83 $180.33 $167.16 Choice 1 3.86 $152.09 $165.55 $183.52 $179.02 $165.85 Select 1 -18.45 $129.78 $143.24 $161.21 $156.71 $143.54 Stndrd 1-3 -31.57 $116.66 $130.12 $148.09 $143.59 $130.42 Prime 4 5.89 $154.12 $167.58 $185.55 $181.05 $167.88 Choice 4 -11.21 $137.02 $150.48 $168.45 $163.95 $150.78 ----------------------------------------------------------------------------- *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