NW_LS410 Des Moines, IA Mon, Dec 03, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $189.01 $174.55 Change => 1.13 1.56 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 144,566 head of cattle. SUPPLY (Live) 93,793 Hd Equivalent: $176.93 $161.92 DEMAND (Box) 50,773 Hd* Equivalent: $201.08 $187.18 Live-Box Spread: ($24.15) ($25.26) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $213.08 Weight Price Head : Se 600-900# $199.18 Live Steer: 1468 $116.95 48,389: Current Lds: 139.1 Live Heifer: 1316 $116.78 23,239: Previous Lds: 103.6 Drsd Steer: 950 $183.32 14,932 Drsd Heifer: 865 $183.29 7,233 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.06 Ch 600-900# : 84.52%: Steer Dressing % : 63.24% Ch 600-750# : 34.52%: Heifer Dressing %: 63.26% Ch 750-900# : 49.99%: Processing Cost : 12.00 Se 600-900# : 15.48%: Slaughter Cost : 50.50 Se 600-750# : 3.70%: Se 750-900# : 11.78%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 189.01 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 12.73 $171.03 $185.77 $201.74 $197.24 $178.07 Certified 1-3 5.17 $163.47 $178.21 $194.18 $189.68 $170.51 Choice 1 3.86 $162.16 $176.90 $192.87 $188.37 $169.20 Select 1 -10.56 $147.74 $162.48 $178.45 $173.95 $154.78 Stndrd 1-3 -29.93 $128.37 $143.11 $159.08 $154.58 $135.41 Prime 4 -0.70 $157.60 $172.34 $188.31 $183.81 $164.64 Choice 4 -11.93 $146.37 $161.11 $177.08 $172.58 $153.41 ----------------------------------------------------------------------------- *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