NW_LS410 Des Moines, IA Wed, Mar 13, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $205.39 $196.28 Change => 0.06 -0.49 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 106,373 head of cattle. SUPPLY (Live) 69,052 Hd Equivalent: $194.54 $185.28 DEMAND (Box) 37,321 Hd* Equivalent: $216.24 $207.28 Live-Box Spread: ($21.70) ($22.00) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $228.24 Weight Price Head : Se 600-900# $219.28 Live Steer: 1443 $128.04 29,256: Current Lds: 118.0 Live Heifer: 1311 $127.98 18,345: Previous Lds: 96.8 Drsd Steer: 906 $204.68 15,454 Drsd Heifer: 829 $204.67 5,997 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.05 Ch 600-900# : 85.81%: Steer Dressing % : 63.33% Ch 600-750# : 36.02%: Heifer Dressing %: 63.29% Ch 750-900# : 49.79%: Processing Cost : 12.00 Se 600-900# : 14.19%: Slaughter Cost : 50.50 Se 600-750# : 3.61%: Se 750-900# : 10.58%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 205.39 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -15.97 -4.50 -23.67 ----------------------------------------------------------------------------- Prime 1-3 12.87 $187.55 $202.29 $218.26 $213.76 $194.59 Certified 1-3 5.28 $179.96 $194.70 $210.67 $206.17 $187.00 Choice 1 3.86 $178.54 $193.28 $209.25 $204.75 $185.58 Select 1 -4.78 $169.90 $184.64 $200.61 $196.11 $176.94 Stndrd 1-3 -27.29 $147.39 $162.13 $178.10 $173.60 $154.43 Prime 4 -0.56 $174.12 $188.86 $204.83 $200.33 $181.16 Choice 4 -11.93 $162.75 $177.49 $193.46 $188.96 $169.79 ----------------------------------------------------------------------------- *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