NW_LS410 Des Moines, IA Fri, Sep 20, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $179.75 $155.70 Change => 0.09 0.48 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 114,363 head of cattle. SUPPLY (Live) 62,020 Hd Equivalent: $154.53 $131.67 DEMAND (Box) 52,343 Hd* Equivalent: $204.97 $179.72 Live-Box Spread: ($50.44) ($48.05) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $216.97 Weight Price Head : Se 600-900# $191.72 Live Steer: 1442 $101.13 26,067: Current Lds: 120.5 Live Heifer: 1293 $100.94 15,267: Previous Lds: 138.9 Drsd Steer: 912 $161.78 16,638 Drsd Heifer: 837 $162.45 4,048 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.05 Ch 600-900# : 81.91%: Steer Dressing % : 63.55% Ch 600-750# : 32.52%: Heifer Dressing %: 63.41% 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 = 179.75 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 $166.92 $180.38 $198.35 $193.85 $180.68 Certified 1-3 5.17 $153.49 $166.95 $184.92 $180.42 $167.25 Choice 1 3.86 $152.18 $165.64 $183.61 $179.11 $165.94 Select 1 -18.45 $129.87 $143.33 $161.30 $156.80 $143.63 Stndrd 1-3 -31.57 $116.75 $130.21 $148.18 $143.68 $130.51 Prime 4 5.89 $154.21 $167.67 $185.64 $181.14 $167.97 Choice 4 -11.21 $137.11 $150.57 $168.54 $164.04 $150.87 ----------------------------------------------------------------------------- *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