NW_LS410 Des Moines, IA Thu, Nov 29, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $187.84 $173.01 Change => -0.29 0.07 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 161,070 head of cattle. SUPPLY (Live) 119,104 Hd Equivalent: $175.07 $159.48 DEMAND (Box) 41,966 Hd* Equivalent: $200.61 $186.53 Live-Box Spread: ($25.54) ($27.05) ---------------------------- 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# $198.53 Live Steer: 1467 $115.53 57,616: Current Lds: 140.7 Live Heifer: 1328 $115.55 32,899: Previous Lds: 153.5 Drsd Steer: 941 $182.24 20,277 Drsd Heifer: 869 $181.95 8,312 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.38 Ch 600-900# : 83.97%: Steer Dressing % : 63.08% 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 = 187.84 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 $169.86 $184.60 $200.57 $196.07 $176.90 Certified 1-3 5.39 $162.52 $177.26 $193.23 $188.73 $169.56 Choice 1 3.86 $160.99 $175.73 $191.70 $187.20 $168.03 Select 1 -11.14 $145.99 $160.73 $176.70 $172.20 $153.03 Stndrd 1-3 -30.43 $126.70 $141.44 $157.41 $152.91 $133.74 Prime 4 -0.70 $156.43 $171.17 $187.14 $182.64 $163.47 Choice 4 -11.93 $145.20 $159.94 $175.91 $171.41 $152.24 ----------------------------------------------------------------------------- *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