NW_LS410 Des Moines, IA Tue, Oct 10, 2017 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $174.08 $165.79 Change => -0.36 0.69 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 114,244 head of cattle. SUPPLY (Live) 69,132 Hd Equivalent: $162.76 $153.56 DEMAND (Box) 45,112 Hd* Equivalent: $185.40 $178.02 Live-Box Spread: ($22.64) ($24.46) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $197.40 Weight Price Head : Se 600-900# $190.02 Live Steer: 1454 $109.42 35,049: Current Lds: 122.6 Live Heifer: 1314 $109.53 18,932: Previous Lds: 93.7 Drsd Steer: 938 $172.48 8,965 Drsd Heifer: 849 $172.98 6,186 ----------------------------------------------------------------------------- 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 = 174.08 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 $160.54 $174.75 $189.00 $184.62 $166.14 Certified 1-3 4.96 $150.58 $164.79 $179.04 $174.66 $156.18 Choice 1 3.69 $149.31 $163.52 $177.77 $173.39 $154.91 Select 1 -4.91 $140.71 $154.92 $169.17 $164.79 $146.31 Stndrd 1-3 -25.00 $120.62 $134.83 $149.08 $144.70 $126.22 Prime 4 1.92 $147.54 $161.75 $176.00 $171.62 $153.14 Choice 4 -11.54 $134.08 $148.29 $162.54 $158.16 $139.68 ----------------------------------------------------------------------------- *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