NW_LS410 Des Moines, IA Tue, Jun 19, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $189.34 $169.41 Change => -0.58 -1.02 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 86,074 head of cattle. SUPPLY (Live) 39,034 Hd Equivalent: $170.98 $148.51 DEMAND (Box) 47,040 Hd* Equivalent: $207.70 $190.30 Live-Box Spread: ($36.72) ($41.79) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $219.70 Weight Price Head : Se 600-900# $202.30 Live Steer: 1365 $111.18 13,103: Current Lds: 128.7 Live Heifer: 1243 $111.78 6,527: Previous Lds: 109.8 Drsd Steer: 879 $177.63 14,660 Drsd Heifer: 795 $178.71 4,744 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.61 Ch 600-900# : 81.33%: Steer Dressing % : 63.39% Ch 600-750# : 33.25%: Heifer Dressing %: 63.23% Ch 750-900# : 48.09%: Processing Cost : 12.00 Se 600-900# : 18.67%: Slaughter Cost : 50.50 Se 600-750# : 5.99%: Se 750-900# : 12.68%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 189.34 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 13.73 $172.36 $188.10 $203.07 $198.57 $179.40 Certified 1-3 5.94 $164.57 $180.31 $195.28 $190.78 $171.61 Choice 1 3.86 $162.49 $178.23 $193.20 $188.70 $169.53 Select 1 -18.06 $140.57 $156.31 $171.28 $166.78 $147.61 Stndrd 1-3 -31.50 $127.13 $142.87 $157.84 $153.34 $134.17 Prime 4 1.16 $159.79 $175.53 $190.50 $186.00 $166.83 Choice 4 -11.07 $147.56 $163.30 $178.27 $173.77 $154.60 ----------------------------------------------------------------------------- *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