NW_LS410 Des Moines, IA Wed, Nov 21, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $185.94 $170.64 Change => -0.09 0.03 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 134,551 head of cattle. SUPPLY (Live) 86,146 Hd Equivalent: $170.19 $155.02 DEMAND (Box) 48,405 Hd* Equivalent: $201.69 $186.26 Live-Box Spread: ($31.50) ($31.24) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $213.69 Weight Price Head : Se 600-900# $198.26 Live Steer: 1483 $112.93 41,100: Current Lds: 174.9 Live Heifer: 1322 $113.24 26,020: Previous Lds: 142.7 Drsd Steer: 963 $177.44 14,611 Drsd Heifer: 850 $177.58 4,415 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.36 Ch 600-900# : 84.27%: Steer Dressing % : 63.39% Ch 600-750# : 35.06%: Heifer Dressing %: 63.34% Ch 750-900# : 49.21%: Processing Cost : 12.00 Se 600-900# : 15.73%: Slaughter Cost : 50.50 Se 600-750# : 4.49%: Se 750-900# : 11.24%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 185.94 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 12.67 $167.90 $182.64 $198.61 $194.11 $174.94 Certified 1-3 5.61 $160.84 $175.58 $191.55 $187.05 $167.88 Choice 1 3.86 $159.09 $173.83 $189.80 $185.30 $166.13 Select 1 -10.72 $144.51 $159.25 $175.22 $170.72 $151.55 Stndrd 1-3 -30.43 $124.80 $139.54 $155.51 $151.01 $131.84 Prime 4 -0.76 $154.47 $169.21 $185.18 $180.68 $161.51 Choice 4 -11.93 $143.30 $158.04 $174.01 $169.51 $150.34 ----------------------------------------------------------------------------- *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