NW_LS410 Des Moines, IA Wed, Dec 12, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $189.64 $177.09 Change => -1.06 0.14 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 149,129 head of cattle. SUPPLY (Live) 104,983 Hd Equivalent: $179.03 $164.60 DEMAND (Box) 44,146 Hd* Equivalent: $200.25 $189.57 Live-Box Spread: ($21.22) ($24.97) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $212.25 Weight Price Head : Se 600-900# $201.57 Live Steer: 1472 $118.04 45,943: Current Lds: 149.9 Live Heifer: 1325 $117.73 25,798: Previous Lds: 133.2 Drsd Steer: 940 $186.06 20,534 Drsd Heifer: 855 $186.08 12,708 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.99 Ch 600-900# : 84.92%: Steer Dressing % : 63.06% Ch 600-750# : 34.69%: Heifer Dressing %: 63.06% Ch 750-900# : 50.23%: Processing Cost : 12.00 Se 600-900# : 15.08%: Slaughter Cost : 50.50 Se 600-750# : 3.60%: Se 750-900# : 11.47%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 189.64 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 $171.86 $186.60 $202.57 $198.07 $178.90 Certified 1-3 5.28 $164.21 $178.95 $194.92 $190.42 $171.25 Choice 1 3.86 $162.79 $177.53 $193.50 $189.00 $169.83 Select 1 -9.97 $148.96 $163.70 $179.67 $175.17 $156.00 Stndrd 1-3 -29.71 $129.22 $143.96 $159.93 $155.43 $136.26 Prime 4 -0.50 $158.43 $173.17 $189.14 $184.64 $165.47 Choice 4 -11.93 $147.00 $161.74 $177.71 $173.21 $154.04 ----------------------------------------------------------------------------- *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