NW_LS410 Des Moines, IA Thu, Sep 29, 2016 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $165.14 $155.77 Change => -1.04 -1.05 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 158,561 head of cattle. SUPPLY (Live) 99,903 Hd Equivalent: $152.51 $144.60 DEMAND (Box) 58,658 Hd* Equivalent: $177.77 $166.94 Live-Box Spread: ($25.26) ($22.34) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $189.77 Weight Price Head : Se 600-900# $178.94 Live Steer: 1454 $104.09 41,123: Current Lds: 134.3 Live Heifer: 1295 $103.86 22,043: Previous Lds: 188.1 Drsd Steer: 942 $164.71 25,863 Drsd Heifer: 840 $165.19 10,874 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.55 Ch 600-900# : 81.23%: Steer Dressing % : 63.69% Ch 600-750# : 26.38%: Heifer Dressing %: 63.75% Ch 750-900# : 54.86%: Processing Cost : 12.00 Se 600-900# : 18.77%: Slaughter Cost : 50.50 Se 600-750# : 4.76%: Se 750-900# : 14.01%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 165.14 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -28.46 -14.25 -4.65 -23.93 ----------------------------------------------------------------------------- Prime 1-3 15.14 $151.82 $166.03 $180.28 $175.63 $156.35 Certified 1-3 4.59 $141.27 $155.48 $169.73 $165.08 $145.80 Choice 1 3.69 $140.37 $154.58 $168.83 $164.18 $144.90 Select 1 -3.61 $133.07 $147.28 $161.53 $156.88 $137.60 Stndrd 1-3 -23.62 $113.06 $127.27 $141.52 $136.87 $117.59 Prime 4 1.76 $138.44 $152.65 $166.90 $162.25 $142.97 Choice 4 -11.92 $124.76 $138.97 $153.22 $148.57 $129.29 ----------------------------------------------------------------------------- *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