NW_LS410 ***This report will not be issued on DEC 24th and 25th*** Des Moines, IA Wed, Dec 19, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $189.52 $180.00 Change => -0.40 0.14 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 97,388 head of cattle. SUPPLY (Live) 55,113 Hd Equivalent: $179.33 $167.15 DEMAND (Box) 42,275 Hd* Equivalent: $199.70 $192.85 Live-Box Spread: ($20.37) ($25.70) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $211.70 Weight Price Head : Se 600-900# $204.85 Live Steer: 1473 $118.16 24,189: Current Lds: 134.9 Live Heifer: 1311 $118.36 11,798: Previous Lds: 111.3 Drsd Steer: 929 $187.57 13,275 Drsd Heifer: 844 $187.75 5,851 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.87 Ch 600-900# : 85.40%: Steer Dressing % : 63.20% Ch 600-750# : 34.53%: Heifer Dressing %: 63.19% Ch 750-900# : 50.87%: Processing Cost : 12.00 Se 600-900# : 14.60%: Slaughter Cost : 50.50 Se 600-750# : 3.48%: Se 750-900# : 11.13%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 189.52 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 $171.74 $186.48 $202.45 $197.95 $178.78 Certified 1-3 5.17 $163.98 $178.72 $194.69 $190.19 $171.02 Choice 1 3.86 $162.67 $177.41 $193.38 $188.88 $169.71 Select 1 -7.72 $151.09 $165.83 $181.80 $177.30 $158.13 Stndrd 1-3 -28.86 $129.95 $144.69 $160.66 $156.16 $136.99 Prime 4 -0.50 $158.31 $173.05 $189.02 $184.52 $165.35 Choice 4 -11.93 $146.88 $161.62 $177.59 $173.09 $153.92 ----------------------------------------------------------------------------- *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