NW_LS410 Des Moines, IA Tue, Dec 18, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $189.92 $179.86 Change => -0.04 0.44 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 99,973 head of cattle. SUPPLY (Live) 56,567 Hd Equivalent: $179.17 $166.98 DEMAND (Box) 43,406 Hd* Equivalent: $200.68 $192.73 Live-Box Spread: ($21.51) ($25.75) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $212.68 Weight Price Head : Se 600-900# $204.73 Live Steer: 1474 $118.14 24,683: Current Lds: 111.3 Live Heifer: 1311 $118.35 11,838: Previous Lds: 102.3 Drsd Steer: 929 $187.55 13,631 Drsd Heifer: 844 $187.69 6,415 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.95 Ch 600-900# : 85.40%: Steer Dressing % : 63.20% Ch 600-750# : 34.53%: Heifer Dressing %: 63.20% Ch 750-900# : 50.87%: Processing Cost : 12.00 Se 600-900# : 14.60%: Slaughter Cost : 50.50 Se 600-750# : 3.48%: Se 750-900# : 11.13%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 189.92 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 12.93 $172.14 $186.88 $202.85 $198.35 $179.18 Certified 1-3 5.17 $164.38 $179.12 $195.09 $190.59 $171.42 Choice 1 3.86 $163.07 $177.81 $193.78 $189.28 $170.11 Select 1 -7.72 $151.49 $166.23 $182.20 $177.70 $158.53 Stndrd 1-3 -28.86 $130.35 $145.09 $161.06 $156.56 $137.39 Prime 4 -0.50 $158.71 $173.45 $189.42 $184.92 $165.75 Choice 4 -11.93 $147.28 $162.02 $177.99 $173.49 $154.32 ----------------------------------------------------------------------------- *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