NW_LS410 ***Corrected Report*** Des Moines, IA Thu, Jun 21, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => *$187.69* *$168.55* Change => *-0.77* *-0.06* ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 81,092 head of cattle. SUPPLY (Live) 34,318 Hd Equivalent: *$169.97 $147.49* DEMAND (Box) 46,774 Hd* Equivalent: $205.41 $189.61 Live-Box Spread: ($35.44) ($42.12) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $217.41 Weight Price Head : Se 600-900# $201.61 Live Steer: 1367 $110.75 12,323: Current Lds: 100.5 Live Heifer: 1239 *$111.43* 7,823: Previous Lds: 164.7 Drsd Steer: 892 $176.50 11,070 Drsd Heifer: 795 $177.85 3,102 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.70 Ch 600-900# : 81.33%: Steer Dressing % : 63.38% Ch 600-750# : 33.25%: Heifer Dressing %: 63.12% 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 = 187.69 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 *$170.71 $186.45 $201.42 $196.92 $177.75 Certified 1-3 5.94 $162.92 $178.66 $193.63 $189.13 $169.96 Choice 1 3.86 $160.84 $176.58 $191.55 $187.05 $167.88 Select 1 -18.06 $138.92 $154.66 $169.63 $165.13 $145.96 Stndrd 1-3 -31.50 $125.48 $141.22 $156.19 $151.69 $132.52 Prime 4 1.16 $158.14 $173.88 $188.85 $184.35 $165.18 Choice 4 -11.07 $145.91 $161.65 $176.62 $172.12 $152.95* ----------------------------------------------------------------------------- *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