NW_LS410 Des Moines, IA Wed, Oct 18, 2017 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $175.25 $165.92 Change => -0.23 -0.41 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 134,297 head of cattle. SUPPLY (Live) 88,891 Hd Equivalent: $165.23 $154.74 DEMAND (Box) 45,406 Hd* Equivalent: $185.26 $177.09 Live-Box Spread: ($20.03) ($22.35) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $197.26 Weight Price Head : Se 600-900# $189.09 Live Steer: 1437 $110.97 43,431: Current Lds: 138.5 Live Heifer: 1301 $110.94 19,401: Previous Lds: 119.5 Drsd Steer: 939 $174.92 17,367 Drsd Heifer: 847 $175.00 8,692 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 10.19 Ch 600-900# : 84.49%: Steer Dressing % : 63.19% 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 = 175.25 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 $161.21 $175.42 $189.67 $188.42 $189.67 Certified 1-3 5.09 $151.88 $166.09 $180.34 $179.09 $180.34 Choice 1 3.69 $150.48 $164.69 $178.94 $177.69 $178.94 Select 1 -6.21 $140.58 $154.79 $169.04 $167.79 $169.04 Stndrd 1-3 -25.54 $121.25 $135.46 $149.71 $148.46 $149.71 Prime 4 1.42 $148.21 $162.42 $176.67 $175.42 $176.67 Choice 4 -11.54 $135.25 $149.46 $163.71 $162.46 $163.71 ----------------------------------------------------------------------------- *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