NW_LS410 Des Moines, IA Mon, Oct 09, 2017 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $174.44 $165.10 Change => 1.54 -0.05 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 113,655 head of cattle. SUPPLY (Live) 69,157 Hd Equivalent: $162.74 $153.55 DEMAND (Box) 44,498 Hd* Equivalent: $186.13 $176.66 Live-Box Spread: ($23.39) ($23.11) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $198.13 Weight Price Head : Se 600-900# $188.66 Live Steer: 1454 $109.41 34,979: Current Lds: 93.7 Live Heifer: 1314 $109.52 18,866: Previous Lds: 129.2 Drsd Steer: 937 $172.47 9,081 Drsd Heifer: 849 $172.96 6,231 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 10.38 Ch 600-900# : 84.54%: Steer Dressing % : 63.25% Ch 600-750# : 33.47%: Heifer Dressing %: 63.27% Ch 750-900# : 51.07%: Processing Cost : 12.00 Se 600-900# : 15.46%: Slaughter Cost : 50.50 Se 600-750# : 5.11%: Se 750-900# : 10.35%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 174.44 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 14.92 $160.90 $175.11 $189.36 $184.98 $166.50 Certified 1-3 4.96 $150.94 $165.15 $179.40 $175.02 $156.54 Choice 1 3.69 $149.67 $163.88 $178.13 $173.75 $155.27 Select 1 -4.91 $141.07 $155.28 $169.53 $165.15 $146.67 Stndrd 1-3 -25.00 $120.98 $135.19 $149.44 $145.06 $126.58 Prime 4 1.92 $147.90 $162.11 $176.36 $171.98 $153.50 Choice 4 -11.54 $134.44 $148.65 $162.90 $158.52 $140.04 ----------------------------------------------------------------------------- *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