NW_LS410 Des Moines, IA Mon, Mar 18, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $204.98 $194.70 Change => 0.59 -0.24 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 109,832 head of cattle. SUPPLY (Live) 71,612 Hd Equivalent: $193.63 $183.20 DEMAND (Box) 38,220 Hd* Equivalent: $216.33 $206.21 Live-Box Spread: ($22.70) ($23.01) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $228.33 Weight Price Head : Se 600-900# $218.21 Live Steer: 1424 $127.15 35,649: Current Lds: 73.8 Live Heifer: 1304 $126.97 22,382: Previous Lds: 102.8 Drsd Steer: 908 $204.15 10,442 Drsd Heifer: 830 $204.09 3,139 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.08 Ch 600-900# : 86.32%: Steer Dressing % : 63.07% Ch 600-750# : 35.64%: Heifer Dressing %: 63.00% Ch 750-900# : 50.67%: Processing Cost : 12.00 Se 600-900# : 13.68%: Slaughter Cost : 50.50 Se 600-750# : 3.48%: Se 750-900# : 10.20%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 204.98 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 12.93 $187.20 $201.94 $217.91 $213.41 $194.24 Certified 1-3 5.28 $179.55 $194.29 $210.26 $205.76 $186.59 Choice 1 3.86 $178.13 $192.87 $208.84 $204.34 $185.17 Select 1 -5.96 $168.31 $183.05 $199.02 $194.52 $175.35 Stndrd 1-3 -27.79 $146.48 $161.22 $177.19 $172.69 $153.52 Prime 4 -0.50 $173.77 $188.51 $204.48 $199.98 $180.81 Choice 4 -11.93 $162.34 $177.08 $193.05 $188.55 $169.38 ----------------------------------------------------------------------------- *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