NW_LS410 Des Moines, IA Fri, Sep 30, 2016 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $163.72 $155.03 Change => -1.42 -0.74 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 161,975 head of cattle. SUPPLY (Live) 104,769 Hd Equivalent: $152.09 $144.19 DEMAND (Box) 57,206 Hd* Equivalent: $175.35 $165.87 Live-Box Spread: ($23.26) ($21.68) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $187.35 Weight Price Head : Se 600-900# $177.87 Live Steer: 1454 $103.88 43,061: Current Lds: 125.6 Live Heifer: 1296 $103.69 23,706: Previous Lds: 134.3 Drsd Steer: 940 $164.06 27,096 Drsd Heifer: 843 $164.48 10,906 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 11.55 Ch 600-900# : 81.23%: Steer Dressing % : 63.67% Ch 600-750# : 26.38%: Heifer Dressing %: 63.71% 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 = 163.72 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 $150.40 $164.61 $178.86 $174.21 $154.93 Certified 1-3 4.59 $139.85 $154.06 $168.31 $163.66 $144.38 Choice 1 3.69 $138.95 $153.16 $167.41 $162.76 $143.48 Select 1 -3.61 $131.65 $145.86 $160.11 $155.46 $136.18 Stndrd 1-3 -23.62 $111.64 $125.85 $140.10 $135.45 $116.17 Prime 4 1.76 $137.02 $151.23 $165.48 $160.83 $141.55 Choice 4 -11.92 $123.34 $137.55 $151.80 $147.15 $127.87 ----------------------------------------------------------------------------- *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