NW_LS410 Des Moines, IA Fri, Dec 14, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $189.17 $178.05 Change => -0.71 1.11 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 150,266 head of cattle. SUPPLY (Live) 105,018 Hd Equivalent: $179.38 $164.96 DEMAND (Box) 45,248 Hd* Equivalent: $198.96 $191.14 Live-Box Spread: ($19.58) ($26.18) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $210.96 Weight Price Head : Se 600-900# $203.14 Live Steer: 1473 $118.06 45,679: Current Lds: 85.1 Live Heifer: 1326 $117.75 26,032: Previous Lds: 130.1 Drsd Steer: 941 $186.17 21,164 Drsd Heifer: 855 $186.37 12,143 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.82 Ch 600-900# : 84.92%: Steer Dressing % : 63.05% Ch 600-750# : 34.69%: Heifer Dressing %: 63.05% 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 = 189.17 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 $171.39 $186.13 $202.10 $197.60 $178.43 Certified 1-3 5.28 $163.74 $178.48 $194.45 $189.95 $170.78 Choice 1 3.86 $162.32 $177.06 $193.03 $188.53 $169.36 Select 1 -9.97 $148.49 $163.23 $179.20 $174.70 $155.53 Stndrd 1-3 -29.71 $128.75 $143.49 $159.46 $154.96 $135.79 Prime 4 -0.50 $157.96 $172.70 $188.67 $184.17 $165.00 Choice 4 -11.93 $146.53 $161.27 $177.24 $172.74 $153.57 ----------------------------------------------------------------------------- *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