NW_LS410 Des Moines, IA Fri, Jul 19, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $187.83 $164.49 Change => -0.04 0.38 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 174,257 head of cattle. SUPPLY (Live) 120,392 Hd Equivalent: $174.24 $151.46 DEMAND (Box) 53,865 Hd* Equivalent: $201.42 $177.51 Live-Box Spread: ($27.18) ($26.05) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $213.42 Weight Price Head : Se 600-900# $189.51 Live Steer: 1382 $112.99 54,132: Current Lds: 90.1 Live Heifer: 1271 $112.50 33,449: Previous Lds: 134.9 Drsd Steer: 895 $182.76 21,531 Drsd Heifer: 802 $182.77 11,280 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.87 Ch 600-900# : 82.72%: Steer Dressing % : 63.26% Ch 600-750# : 33.20%: Heifer Dressing %: 63.26% Ch 750-900# : 49.53%: Processing Cost : 12.00 Se 600-900# : 17.28%: Slaughter Cost : 50.50 Se 600-750# : 6.00%: Se 750-900# : 11.28%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 187.83 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 15.93 $172.33 $185.79 $203.76 $199.26 $186.09 Certified 1-3 5.39 $161.79 $175.25 $193.22 $188.72 $175.55 Choice 1 3.86 $160.26 $173.72 $191.69 $187.19 $174.02 Select 1 -18.37 $138.03 $151.49 $169.46 $164.96 $151.79 Stndrd 1-3 -30.57 $125.83 $139.29 $157.26 $152.76 $139.59 Prime 4 3.22 $159.62 $173.08 $191.05 $186.55 $173.38 Choice 4 -11.21 $145.19 $158.65 $176.62 $172.12 $158.95 ----------------------------------------------------------------------------- *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