USDA Carcass Price Equivalent Index 10/23 15:26

NW_LS410
Des Moines, IA     Thu, Oct 23, 2025     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $362.49             $343.35
 Change =>                       1.31                0.64
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Current Index Reflects the Equivalent of 127,283 head of cattle.
SUPPLY (Live)  76,967 Hd
Equivalent:                   $363.85             $343.95
DEMAND (Box)   50,316 Hd*
Equivalent:                   $361.14             $342.74
Live-Box Spread:               $2.71               $1.21
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $373.14
                  Weight   Price     Head      : Se 600-900#          $354.74
  Live Steer:          1554   $239.78    49,155: Current Lds:           116.9
  Live Heifer:         1367   $239.84    17,274: Previous Lds:          153.1
  Drsd Steer:          1018   $372.21     8,328
  Drsd Heifer:          897   $371.66     2,210
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      Grading % Breakdown            :         Drop Credit      :       11.32
 Ch 600-900# :                 86.75%:         Steer Dressing % :      63.46%
 Ch 600-750# :                 35.06%:         Heifer Dressing %:      63.45%
 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 = 362.49                       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   $353.25   $365.43   $382.54   $379.86   $367.09
 Certified 1-3         5.93   $339.13   $351.31   $368.42   $365.74   $352.97
 Choice 1              3.35   $336.55   $348.73   $365.84   $363.16   $350.39
 Select 1            -16.07   $317.13   $329.31   $346.42   $343.74   $330.97
 Stndrd 1-3          -36.84   $296.36   $308.54   $325.65   $322.97   $310.20
 Prime 4               5.93   $339.13   $351.31   $368.42   $365.74   $352.97
 Choice 4            -12.82   $320.38   $332.56   $349.67   $346.99   $334.22
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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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