NW_LS410 Des Moines, IA Tue, Nov 27, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $188.49 $173.81 Change => 0.58 1.02 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 160,248 head of cattle. SUPPLY (Live) 116,524 Hd Equivalent: $174.97 $159.39 DEMAND (Box) 43,724 Hd* Equivalent: $202.00 $188.24 Live-Box Spread: ($27.03) ($28.85) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $214.00 Weight Price Head : Se 600-900# $200.24 Live Steer: 1467 $115.40 57,569: Current Lds: 140.0 Live Heifer: 1326 $115.59 33,039: Previous Lds: 63.5 Drsd Steer: 940 $181.88 17,245 Drsd Heifer: 867 $181.82 8,671 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.38 Ch 600-900# : 83.97%: Steer Dressing % : 63.06% Ch 600-750# : 34.63%: Heifer Dressing %: 63.04% 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 = 188.49 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 $170.51 $185.25 $201.22 $196.72 $177.55 Certified 1-3 5.39 $163.17 $177.91 $193.88 $189.38 $170.21 Choice 1 3.86 $161.64 $176.38 $192.35 $187.85 $168.68 Select 1 -11.14 $146.64 $161.38 $177.35 $172.85 $153.68 Stndrd 1-3 -30.43 $127.35 $142.09 $158.06 $153.56 $134.39 Prime 4 -0.70 $157.08 $171.82 $187.79 $183.29 $164.12 Choice 4 -11.93 $145.85 $160.59 $176.56 $172.06 $152.89 ----------------------------------------------------------------------------- *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