NW_LS410 Des Moines, IA Mon, Oct 16, 2017 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $175.97 $166.60 Change => 0.71 0.02 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 137,849 head of cattle. SUPPLY (Live) 88,720 Hd Equivalent: $165.12 $154.63 DEMAND (Box) 49,129 Hd* Equivalent: $186.81 $178.57 Live-Box Spread: ($21.69) ($23.94) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $198.81 Weight Price Head : Se 600-900# $190.57 Live Steer: 1437 $110.97 43,473: Current Lds: 97.3 Live Heifer: 1301 $110.95 19,188: Previous Lds: 129.4 Drsd Steer: 939 $174.92 17,367 Drsd Heifer: 847 $175.00 8,692 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 10.26 Ch 600-900# : 84.49%: Steer Dressing % : 63.18% Ch 600-750# : 34.78%: Heifer Dressing %: 63.19% Ch 750-900# : 49.71%: Processing Cost : 12.00 Se 600-900# : 15.51%: Slaughter Cost : 50.50 Se 600-750# : 4.63%: Se 750-900# : 10.88%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 175.97 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -28.46 -14.25 -1.25 ----------------------------------------------------------------------------- Prime 1-3 14.42 $161.93 $176.14 $190.39 $189.14 $190.39 Certified 1-3 5.09 $152.60 $166.81 $181.06 $179.81 $181.06 Choice 1 3.69 $151.20 $165.41 $179.66 $178.41 $179.66 Select 1 -6.21 $141.30 $155.51 $169.76 $168.51 $169.76 Stndrd 1-3 -25.54 $121.97 $136.18 $150.43 $149.18 $150.43 Prime 4 1.42 $148.93 $163.14 $177.39 $176.14 $177.39 Choice 4 -11.54 $135.97 $150.18 $164.43 $163.18 $164.43 ----------------------------------------------------------------------------- *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