NW_LS410 Des Moines, IA Tue, Oct 17, 2017 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $175.48 $166.33 Change => -0.49 -0.27 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 137,852 head of cattle. SUPPLY (Live) 88,953 Hd Equivalent: $165.30 $154.81 DEMAND (Box) 48,899 Hd* Equivalent: $185.66 $177.85 Live-Box Spread: ($20.36) ($23.04) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $197.66 Weight Price Head : Se 600-900# $189.85 Live Steer: 1437 $110.96 43,493: Current Lds: 119.5 Live Heifer: 1301 $110.94 19,401: Previous Lds: 97.3 Drsd Steer: 939 $174.92 17,367 Drsd Heifer: 847 $175.00 8,692 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 10.15 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 = 175.48 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 $161.44 $175.65 $189.90 $188.65 $189.90 Certified 1-3 5.09 $152.11 $166.32 $180.57 $179.32 $180.57 Choice 1 3.69 $150.71 $164.92 $179.17 $177.92 $179.17 Select 1 -6.21 $140.81 $155.02 $169.27 $168.02 $169.27 Stndrd 1-3 -25.54 $121.48 $135.69 $149.94 $148.69 $149.94 Prime 4 1.42 $148.44 $162.65 $176.90 $175.65 $176.90 Choice 4 -11.54 $135.48 $149.69 $163.94 $162.69 $163.94 ----------------------------------------------------------------------------- *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