NW_LS410 Des Moines, IA Fri, Jun 22, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $187.90 $169.10 Change => 0.21 0.55 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 63,540 head of cattle. SUPPLY (Live) 18,774 Hd Equivalent: $170.64 $148.17 DEMAND (Box) 44,766 Hd* Equivalent: $205.16 $190.02 Live-Box Spread: ($34.52) ($41.85) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $217.16 Weight Price Head : Se 600-900# $202.02 Live Steer: 1394 $111.54 6,047: Current Lds: 93.2 Live Heifer: 1239 $111.57 6,489: Previous Lds: 100.5 Drsd Steer: 886 $176.31 5,291 Drsd Heifer: 778 $176.62 947 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.67 Ch 600-900# : 81.33%: Steer Dressing % : 63.32% Ch 600-750# : 33.25%: Heifer Dressing %: 62.92% 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 = 187.90 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 $170.92 $186.66 $201.63 $197.13 $177.96 Certified 1-3 5.94 $163.13 $178.87 $193.84 $189.34 $170.17 Choice 1 3.86 $161.05 $176.79 $191.76 $187.26 $168.09 Select 1 -18.06 $139.13 $154.87 $169.84 $165.34 $146.17 Stndrd 1-3 -31.50 $125.69 $141.43 $156.40 $151.90 $132.73 Prime 4 1.16 $158.35 $174.09 $189.06 $184.56 $165.39 Choice 4 -11.07 $146.12 $161.86 $176.83 $172.33 $153.16 ----------------------------------------------------------------------------- *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