NW_LS410 Des Moines, IA Tue, Nov 19, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $201.74 $177.53 Change => -0.06 -0.05 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 104,274 head of cattle. SUPPLY (Live) 61,165 Hd Equivalent: $176.48 $151.58 DEMAND (Box) 43,109 Hd* Equivalent: $227.01 $203.47 Live-Box Spread: ($50.53) ($51.89) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $239.01 Weight Price Head : Se 600-900# $215.47 Live Steer: 1473 $115.22 27,727: Current Lds: 120.3 Live Heifer: 1292 $115.22 13,175: Previous Lds: 102.5 Drsd Steer: 955 $181.76 13,196 Drsd Heifer: 867 $182.04 7,067 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.92 Ch 600-900# : 83.48%: Steer Dressing % : 63.08% Ch 600-750# : 34.24%: Heifer Dressing %: 63.10% Ch 750-900# : 49.25%: Processing Cost : 12.00 Se 600-900# : 16.52%: Slaughter Cost : 50.50 Se 600-750# : 4.89%: Se 750-900# : 11.63%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 201.74 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -17.64 -4.34 -17.33 ----------------------------------------------------------------------------- Prime 1-3 16.66 $187.69 $200.76 $218.40 $214.06 $201.07 Certified 1-3 5.43 $176.46 $189.53 $207.17 $202.83 $189.84 Choice 1 3.79 $174.82 $187.89 $205.53 $201.19 $188.20 Select 1 -20.59 $150.44 $163.51 $181.15 $176.81 $163.82 Stndrd 1-3 -33.44 $137.59 $150.66 $168.30 $163.96 $150.97 Prime 4 4.02 $175.05 $188.12 $205.76 $201.42 $188.43 Choice 4 -11.21 $159.82 $172.89 $190.53 $186.19 $173.20 ----------------------------------------------------------------------------- *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