NW_LS410 Des Moines, IA Fri, Oct 13, 2017 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $175.26 $166.58 Change => 1.06 0.98 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 194,267 head of cattle. SUPPLY (Live) 145,409 Hd Equivalent: $164.30 $155.11 DEMAND (Box) 48,858 Hd* Equivalent: $186.22 $178.05 Live-Box Spread: ($21.92) ($22.94) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $198.22 Weight Price Head : Se 600-900# $190.05 Live Steer: 1445 $110.30 73,960: Current Lds: 129.4 Live Heifer: 1308 $110.24 36,128: Previous Lds: 120.8 Drsd Steer: 941 $173.93 22,041 Drsd Heifer: 849 $174.06 13,280 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 10.27 Ch 600-900# : 84.54%: Steer Dressing % : 63.21% Ch 600-750# : 33.47%: Heifer Dressing %: 63.23% 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 = 175.26 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 $161.72 $175.93 $190.18 $185.80 $167.32 Certified 1-3 4.96 $151.76 $165.97 $180.22 $175.84 $157.36 Choice 1 3.69 $150.49 $164.70 $178.95 $174.57 $156.09 Select 1 -4.91 $141.89 $156.10 $170.35 $165.97 $147.49 Stndrd 1-3 -25.00 $121.80 $136.01 $150.26 $145.88 $127.40 Prime 4 1.92 $148.72 $162.93 $177.18 $172.80 $154.32 Choice 4 -11.54 $135.26 $149.47 $163.72 $159.34 $140.86 ----------------------------------------------------------------------------- *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