NW_LS410 Des Moines, IA Fri, Oct 19, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $181.09 $168.35 Change => 0.50 0.88 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 131,477 head of cattle. SUPPLY (Live) 84,190 Hd Equivalent: $166.25 $154.47 DEMAND (Box) 47,287 Hd* Equivalent: $195.93 $182.24 Live-Box Spread: ($29.68) ($27.77) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $207.93 Weight Price Head : Se 600-900# $194.24 Live Steer: 1475 $109.65 27,472: Current Lds: 107.0 Live Heifer: 1349 $110.05 18,540: Previous Lds: 132.6 Drsd Steer: 947 $173.68 26,318 Drsd Heifer: 861 $173.77 11,860 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.03 Ch 600-900# : 83.11%: Steer Dressing % : 63.24% Ch 600-750# : 33.72%: Heifer Dressing %: 63.17% Ch 750-900# : 49.38%: Processing Cost : 12.00 Se 600-900# : 16.89%: Slaughter Cost : 50.50 Se 600-750# : 5.49%: Se 750-900# : 11.41%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 181.09 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -15.97 -4.50 -23.67 ----------------------------------------------------------------------------- Prime 1-3 13.47 $163.85 $178.59 $194.56 $190.06 $170.89 Certified 1-3 5.00 $155.38 $170.12 $186.09 $181.59 $162.42 Choice 1 3.86 $154.24 $168.98 $184.95 $180.45 $161.28 Select 1 -7.32 $143.06 $157.80 $173.77 $169.27 $150.10 Stndrd 1-3 -28.43 $121.95 $136.69 $152.66 $148.16 $128.99 Prime 4 0.18 $150.56 $165.30 $181.27 $176.77 $157.60 Choice 4 -11.79 $138.59 $153.33 $169.30 $164.80 $145.63 ----------------------------------------------------------------------------- *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