NW_LS410 Des Moines, IA Mon, Dec 10, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $191.14 $176.69 Change => 1.27 1.22 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 154,921 head of cattle. SUPPLY (Live) 105,905 Hd Equivalent: $178.86 $164.44 DEMAND (Box) 49,016 Hd* Equivalent: $203.42 $188.94 Live-Box Spread: ($24.56) ($24.50) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $215.42 Weight Price Head : Se 600-900# $200.94 Live Steer: 1472 $118.01 46,000: Current Lds: 104.9 Live Heifer: 1325 $117.72 25,836: Previous Lds: 112.2 Drsd Steer: 938 $185.78 21,815 Drsd Heifer: 855 $186.01 12,254 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.03 Ch 600-900# : 84.92%: Steer Dressing % : 63.07% 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 = 191.14 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 $173.36 $188.10 $204.07 $199.57 $180.40 Certified 1-3 5.28 $165.71 $180.45 $196.42 $191.92 $172.75 Choice 1 3.86 $164.29 $179.03 $195.00 $190.50 $171.33 Select 1 -9.97 $150.46 $165.20 $181.17 $176.67 $157.50 Stndrd 1-3 -29.71 $130.72 $145.46 $161.43 $156.93 $137.76 Prime 4 -0.50 $159.93 $174.67 $190.64 $186.14 $166.97 Choice 4 -11.93 $148.50 $163.24 $179.21 $174.71 $155.54 ----------------------------------------------------------------------------- *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