USDA Carcass Price Equivalent Index 01/23 15:36

NW_LS410
Des Moines, IA     Fri, Jan 23, 2026     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $355.16             $347.50
 Change =>                       0.70                0.30
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Current Index Reflects the Equivalent of 100,137 head of cattle.
SUPPLY (Live)  58,508 Hd
Equivalent:                   $353.41             $344.61
DEMAND (Box)   41,629 Hd*
Equivalent:                   $356.92             $350.39
Live-Box Spread:              ($3.51)             ($5.78)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $368.92
                  Weight   Price     Head      : Se 600-900#          $362.39
  Live Steer:          1569   $232.40    28,880: Current Lds:           122.8
  Live Heifer:         1407   $232.37    17,502: Previous Lds:           95.3
  Drsd Steer:          1003   $364.52     9,370
  Drsd Heifer:          900   $364.78     2,756
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      Grading % Breakdown            :         Drop Credit      :       11.56
 Ch 600-900# :                 86.89%:         Steer Dressing % :      63.32%
 Ch 600-750# :                 35.12%:         Heifer Dressing %:      63.23%
 Ch 750-900# :                 51.77%:         Processing Cost  :       12.00
 Se 600-900# :                 13.11%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.42%:
 Se 750-900# :                  9.69%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 355.16                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -29.29    -17.11               -2.68    -15.45
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 Prime 1-3            14.76   $340.63   $352.81   $369.92   $367.24   $354.47
 Certified 1-3         5.43   $331.30   $343.48   $360.59   $357.91   $345.14
 Choice 1              3.35   $329.22   $341.40   $358.51   $355.83   $343.06
 Select 1             -4.92   $320.95   $333.13   $350.24   $347.56   $334.79
 Stndrd 1-3          -31.70   $294.17   $306.35   $323.46   $320.78   $308.01
 Prime 4               0.64   $326.51   $338.69   $355.80   $353.12   $340.35
 Choice 4            -12.82   $313.05   $325.23   $342.34   $339.66   $326.89
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*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

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