NW_LS410 Des Moines, IA Tue, Oct 03, 2017 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $173.05 $165.86 Change => 0.34 0.37 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 122,424 head of cattle. SUPPLY (Live) 76,554 Hd Equivalent: $160.22 $154.71 DEMAND (Box) 45,870 Hd* Equivalent: $185.87 $177.02 Live-Box Spread: ($25.65) ($22.31) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $197.87 Weight Price Head : Se 600-900# $189.02 Live Steer: 1437 $107.98 29,112: Current Lds: 114.4 Live Heifer: 1297 $108.06 15,819: Previous Lds: 99.9 Drsd Steer: 936 $171.70 20,030 Drsd Heifer: 838 $171.65 11,593 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 10.43 Ch 600-900# : 84.54%: Steer Dressing % : 63.42% Ch 600-750# : 34.42%: Heifer Dressing %: 63.41% Ch 750-900# : 50.12%: Processing Cost : 12.00 Se 600-900# : 15.46%: Slaughter Cost : 50.50 Se 600-750# : 4.90%: Se 750-900# : 10.56%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 173.05 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -28.46 -14.25 -4.38 -22.86 ----------------------------------------------------------------------------- Prime 1-3 14.85 $159.44 $173.65 $187.90 $183.52 $165.04 Certified 1-3 4.59 $149.18 $163.39 $177.64 $173.26 $154.78 Choice 1 3.69 $148.28 $162.49 $176.74 $172.36 $153.88 Select 1 -1.21 $143.38 $157.59 $171.84 $167.46 $148.98 Stndrd 1-3 -23.00 $121.59 $135.80 $150.05 $145.67 $127.19 Prime 4 1.85 $146.44 $160.65 $174.90 $170.52 $152.04 Choice 4 -11.54 $133.05 $147.26 $161.51 $157.13 $138.65 ----------------------------------------------------------------------------- *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