USDA Carcass Price Equivalent Index 10/21 15:31

NW_LS410
Des Moines, IA     Tue, Oct 21, 2025     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $362.03             $342.41
 Change =>                       1.38               -0.43
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Current Index Reflects the Equivalent of 116,982 head of cattle.
SUPPLY (Live)  67,813 Hd
Equivalent:                   $364.14             $344.24
DEMAND (Box)   49,169 Hd*
Equivalent:                   $359.93             $340.57
Live-Box Spread:               $4.21               $3.67
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $371.93
                  Weight   Price     Head      : Se 600-900#          $352.57
  Live Steer:          1552   $239.81    43,758: Current Lds:           127.7
  Live Heifer:         1367   $239.92    15,236: Previous Lds:           85.6
  Drsd Steer:          1019   $372.27     7,137
  Drsd Heifer:          896   $372.18     1,682
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      Grading % Breakdown            :         Drop Credit      :       11.05
 Ch 600-900# :                 86.75%:         Steer Dressing % :      63.51%
 Ch 600-750# :                 35.06%:         Heifer Dressing %:      63.50%
 Ch 750-900# :                 51.68%:         Processing Cost  :       12.00
 Se 600-900# :                 13.25%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.46%:
 Se 750-900# :                  9.79%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 362.03                       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            20.05   $352.79   $364.97   $382.08   $379.40   $366.63
 Certified 1-3         5.93   $338.67   $350.85   $367.96   $365.28   $352.51
 Choice 1              3.35   $336.09   $348.27   $365.38   $362.70   $349.93
 Select 1            -16.07   $316.67   $328.85   $345.96   $343.28   $330.51
 Stndrd 1-3          -36.84   $295.90   $308.08   $325.19   $322.51   $309.74
 Prime 4               5.93   $338.67   $350.85   $367.96   $365.28   $352.51
 Choice 4            -12.82   $319.92   $332.10   $349.21   $346.53   $333.76
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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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