NW_LS410 Des Moines, IA Tue, Dec 04, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $189.42 $173.74 Change => 0.41 -0.81 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 146,523 head of cattle. SUPPLY (Live) 93,841 Hd Equivalent: $176.98 $161.98 DEMAND (Box) 52,682 Hd* Equivalent: $201.86 $185.51 Live-Box Spread: ($24.88) ($23.53) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $213.86 Weight Price Head : Se 600-900# $197.51 Live Steer: 1468 $116.93 48,794: Current Lds: 165.5 Live Heifer: 1315 $116.83 22,747: Previous Lds: 139.1 Drsd Steer: 949 $183.32 15,244 Drsd Heifer: 867 $183.37 7,056 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.03 Ch 600-900# : 84.52%: Steer Dressing % : 63.24% Ch 600-750# : 34.52%: Heifer Dressing %: 63.25% 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 = 189.42 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 $171.44 $186.18 $202.15 $197.65 $178.48 Certified 1-3 5.17 $163.88 $178.62 $194.59 $190.09 $170.92 Choice 1 3.86 $162.57 $177.31 $193.28 $188.78 $169.61 Select 1 -10.56 $148.15 $162.89 $178.86 $174.36 $155.19 Stndrd 1-3 -29.93 $128.78 $143.52 $159.49 $154.99 $135.82 Prime 4 -0.70 $158.01 $172.75 $188.72 $184.22 $165.05 Choice 4 -11.93 $146.78 $161.52 $177.49 $172.99 $153.82 ----------------------------------------------------------------------------- *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