NW_LS410 Des Moines, IA Mon, Apr 08, 2019 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $203.86 $194.41 Change => 1.10 0.40 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 108,067 head of cattle. SUPPLY (Live) 60,344 Hd Equivalent: $191.05 $179.94 DEMAND (Box) 47,723 Hd* Equivalent: $216.67 $208.88 Live-Box Spread: ($25.62) ($28.94) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $228.67 Weight Price Head : Se 600-900# $220.88 Live Steer: 1411 $125.51 27,403: Current Lds: 116.8 Live Heifer: 1296 $125.10 16,227: Previous Lds: 132.2 Drsd Steer: 910 $204.44 12,840 Drsd Heifer: 833 $204.61 3,874 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.12 Ch 600-900# : 86.61%: Steer Dressing % : 63.34% Ch 600-750# : 35.70%: Heifer Dressing %: 63.28% Ch 750-900# : 50.91%: Processing Cost : 12.00 Se 600-900# : 13.39%: Slaughter Cost : 50.50 Se 600-750# : 2.85%: Se 750-900# : 10.54%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 203.86 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -30.71 -17.64 -4.50 -18.00 ----------------------------------------------------------------------------- Prime 1-3 13.87 $187.02 $200.09 $217.73 $213.23 $199.73 Certified 1-3 5.28 $178.43 $191.50 $209.14 $204.64 $191.14 Choice 1 3.86 $177.01 $190.08 $207.72 $203.22 $189.72 Select 1 -6.64 $166.51 $179.58 $197.22 $192.72 $179.22 Stndrd 1-3 -29.03 $144.12 $157.19 $174.83 $170.33 $156.83 Prime 4 1.16 $174.31 $187.38 $205.02 $200.52 $187.02 Choice 4 -11.21 $161.94 $175.01 $192.65 $188.15 $174.65 ----------------------------------------------------------------------------- *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