NW_LS410 Des Moines, IA Fri, Nov 30, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $187.88 $172.99 Change => 0.04 -0.02 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 73,419 head of cattle. SUPPLY (Live) 28,318 Hd Equivalent: $175.15 $159.57 DEMAND (Box) 45,101 Hd* Equivalent: $200.61 $186.41 Live-Box Spread: ($25.46) ($26.84) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $212.61 Weight Price Head : Se 600-900# $198.41 Live Steer: 1469 $115.19 7,271: Current Lds: 103.6 Live Heifer: 1336 $115.04 5,223: Previous Lds: 140.7 Drsd Steer: 946 $183.31 10,916 Drsd Heifer: 864 $183.20 4,908 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.06 Ch 600-900# : 83.97%: Steer Dressing % : 63.44% Ch 600-750# : 34.63%: Heifer Dressing %: 63.37% Ch 750-900# : 49.35%: Processing Cost : 12.00 Se 600-900# : 16.03%: Slaughter Cost : 50.50 Se 600-750# : 4.53%: Se 750-900# : 11.50%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 187.88 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 $169.90 $184.64 $200.61 $196.11 $176.94 Certified 1-3 5.39 $162.56 $177.30 $193.27 $188.77 $169.60 Choice 1 3.86 $161.03 $175.77 $191.74 $187.24 $168.07 Select 1 -11.14 $146.03 $160.77 $176.74 $172.24 $153.07 Stndrd 1-3 -30.43 $126.74 $141.48 $157.45 $152.95 $133.78 Prime 4 -0.70 $156.47 $171.21 $187.18 $182.68 $163.51 Choice 4 -11.93 $145.24 $159.98 $175.95 $171.45 $152.28 ----------------------------------------------------------------------------- *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