NW_LS410 Des Moines, IA Wed, Oct 11, 2017 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $173.54 $165.16 Change => -0.54 -0.63 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 119,278 head of cattle. SUPPLY (Live) 69,158 Hd Equivalent: $162.76 $153.56 DEMAND (Box) 50,120 Hd* Equivalent: $184.32 $176.76 Live-Box Spread: ($21.56) ($23.20) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $196.32 Weight Price Head : Se 600-900# $188.76 Live Steer: 1454 $109.43 35,095: Current Lds: 185.1 Live Heifer: 1314 $109.53 18,932: Previous Lds: 122.6 Drsd Steer: 938 $172.49 8,945 Drsd Heifer: 849 $172.98 6,186 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 10.39 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 = 173.54 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 $160.00 $174.21 $188.46 $184.08 $165.60 Certified 1-3 4.96 $150.04 $164.25 $178.50 $174.12 $155.64 Choice 1 3.69 $148.77 $162.98 $177.23 $172.85 $154.37 Select 1 -4.91 $140.17 $154.38 $168.63 $164.25 $145.77 Stndrd 1-3 -25.00 $120.08 $134.29 $148.54 $144.16 $125.68 Prime 4 1.92 $147.00 $161.21 $175.46 $171.08 $152.60 Choice 4 -11.54 $133.54 $147.75 $162.00 $157.62 $139.14 ----------------------------------------------------------------------------- *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