NW_LS410 Des Moines, IA Thu, Oct 19, 2017 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $176.42 $166.77 Change => 1.17 0.85 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 141,416 head of cattle. SUPPLY (Live) 93,915 Hd Equivalent: $165.28 $154.79 DEMAND (Box) 47,501 Hd* Equivalent: $187.57 $178.76 Live-Box Spread: ($22.29) ($23.97) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $199.57 Weight Price Head : Se 600-900# $190.76 Live Steer: 1433 $110.90 45,561: Current Lds: 148.7 Live Heifer: 1305 $110.77 22,276: Previous Lds: 138.5 Drsd Steer: 939 $174.92 17,350 Drsd Heifer: 847 $174.99 8,728 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 10.10 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 = 176.42 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 $162.38 $176.59 $190.84 $189.59 $190.84 Certified 1-3 5.09 $153.05 $167.26 $181.51 $180.26 $181.51 Choice 1 3.69 $151.65 $165.86 $180.11 $178.86 $180.11 Select 1 -6.21 $141.75 $155.96 $170.21 $168.96 $170.21 Stndrd 1-3 -25.54 $122.42 $136.63 $150.88 $149.63 $150.88 Prime 4 1.42 $149.38 $163.59 $177.84 $176.59 $177.84 Choice 4 -11.54 $136.42 $150.63 $164.88 $163.63 $164.88 ----------------------------------------------------------------------------- *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