NW_LS410 Des Moines, IA Thu, Oct 12, 2017 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $174.20 $165.60 Change => 0.66 0.44 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 117,762 head of cattle. SUPPLY (Live) 68,919 Hd Equivalent: $162.95 $153.76 DEMAND (Box) 48,843 Hd* Equivalent: $185.44 $177.45 Live-Box Spread: ($22.49) ($23.69) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $197.44 Weight Price Head : Se 600-900# $189.45 Live Steer: 1453 $109.46 34,990: Current Lds: 120.8 Live Heifer: 1314 $109.57 18,758: Previous Lds: 185.1 Drsd Steer: 938 $172.50 8,985 Drsd Heifer: 849 $172.98 6,186 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 10.29 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 = 174.20 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 $160.66 $174.87 $189.12 $184.74 $166.26 Certified 1-3 4.96 $150.70 $164.91 $179.16 $174.78 $156.30 Choice 1 3.69 $149.43 $163.64 $177.89 $173.51 $155.03 Select 1 -4.91 $140.83 $155.04 $169.29 $164.91 $146.43 Stndrd 1-3 -25.00 $120.74 $134.95 $149.20 $144.82 $126.34 Prime 4 1.92 $147.66 $161.87 $176.12 $171.74 $153.26 Choice 4 -11.54 $134.20 $148.41 $162.66 $158.28 $139.80 ----------------------------------------------------------------------------- *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