NW_LS410 Des Moines, IA Tue, Oct 16, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $179.36 $167.44 Change => -0.10 0.33 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 129,770 head of cattle. SUPPLY (Live) 84,006 Hd Equivalent: $166.12 $154.33 DEMAND (Box) 45,764 Hd* Equivalent: $192.61 $180.55 Live-Box Spread: ($26.49) ($26.22) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $204.61 Weight Price Head : Se 600-900# $192.55 Live Steer: 1465 $110.44 37,302: Current Lds: 132.9 Live Heifer: 1312 $110.46 16,655: Previous Lds: 93.9 Drsd Steer: 953 $173.55 21,749 Drsd Heifer: 835 $173.41 8,300 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.09 Ch 600-900# : 83.11%: Steer Dressing % : 63.61% Ch 600-750# : 33.72%: Heifer Dressing %: 63.61% 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 = 179.36 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 $162.12 $176.86 $192.83 $188.33 $169.16 Certified 1-3 5.00 $153.65 $168.39 $184.36 $179.86 $160.69 Choice 1 3.86 $152.51 $167.25 $183.22 $178.72 $159.55 Select 1 -7.32 $141.33 $156.07 $172.04 $167.54 $148.37 Stndrd 1-3 -28.43 $120.22 $134.96 $150.93 $146.43 $127.26 Prime 4 0.18 $148.83 $163.57 $179.54 $175.04 $155.87 Choice 4 -11.79 $136.86 $151.60 $167.57 $163.07 $143.90 ----------------------------------------------------------------------------- *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