NW_LS410 Des Moines, IA Mon, Nov 26, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $187.91 $172.79 Change => 0.51 0.64 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 226,233 head of cattle. SUPPLY (Live) 183,997 Hd Equivalent: $173.37 $157.78 DEMAND (Box) 42,236 Hd* Equivalent: $202.45 $187.79 Live-Box Spread: ($29.08) ($30.01) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $214.45 Weight Price Head : Se 600-900# $199.79 Live Steer: 1470 $114.61 89,479: Current Lds: 63.5 Live Heifer: 1324 $114.62 54,550: Previous Lds: 61.8 Drsd Steer: 952 $180.16 28,911 Drsd Heifer: 863 $180.98 11,057 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.35 Ch 600-900# : 83.97%: Steer Dressing % : 63.20% Ch 600-750# : 34.63%: Heifer Dressing %: 63.16% 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 = 187.91 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 $169.93 $184.67 $200.64 $196.14 $176.97 Certified 1-3 5.39 $162.59 $177.33 $193.30 $188.80 $169.63 Choice 1 3.86 $161.06 $175.80 $191.77 $187.27 $168.10 Select 1 -11.14 $146.06 $160.80 $176.77 $172.27 $153.10 Stndrd 1-3 -30.43 $126.77 $141.51 $157.48 $152.98 $133.81 Prime 4 -0.70 $156.50 $171.24 $187.21 $182.71 $163.54 Choice 4 -11.93 $145.27 $160.01 $175.98 $171.48 $152.31 ----------------------------------------------------------------------------- *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