NW_LS410 Des Moines, IA Mon, Dec 17, 2018 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $189.96 $179.42 Change => 0.79 1.37 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 101,747 head of cattle. SUPPLY (Live) 56,694 Hd Equivalent: $179.26 $167.07 DEMAND (Box) 45,053 Hd* Equivalent: $200.67 $191.76 Live-Box Spread: ($21.41) ($24.69) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $212.67 Weight Price Head : Se 600-900# $203.76 Live Steer: 1473 $118.11 24,824: Current Lds: 102.3 Live Heifer: 1311 $118.37 11,782: Previous Lds: 85.1 Drsd Steer: 929 $187.53 13,673 Drsd Heifer: 844 $187.69 6,415 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 8.88 Ch 600-900# : 85.40%: Steer Dressing % : 63.20% Ch 600-750# : 34.53%: Heifer Dressing %: 63.20% 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 = 189.96 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 $172.18 $186.92 $202.89 $198.39 $179.22 Certified 1-3 5.17 $164.42 $179.16 $195.13 $190.63 $171.46 Choice 1 3.86 $163.11 $177.85 $193.82 $189.32 $170.15 Select 1 -7.72 $151.53 $166.27 $182.24 $177.74 $158.57 Stndrd 1-3 -28.86 $130.39 $145.13 $161.10 $156.60 $137.43 Prime 4 -0.50 $158.75 $173.49 $189.46 $184.96 $165.79 Choice 4 -11.93 $147.32 $162.06 $178.03 $173.53 $154.36 ----------------------------------------------------------------------------- *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