USDA Carcass Price Equivalent Index 11/04 15:26

NW_LS410
Des Moines, IA     Tue, Nov 04, 2025     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $358.32             $340.33
 Change =>                       0.03                1.53
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Current Index Reflects the Equivalent of 69,186 head of cattle.
SUPPLY (Live)  24,413 Hd
Equivalent:                   $351.05             $331.41
DEMAND (Box)   44,773 Hd*
Equivalent:                   $365.58             $349.25
Live-Box Spread:             ($14.53)            ($17.84)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $377.58
                  Weight   Price     Head      : Se 600-900#          $361.25
  Live Steer:          1562   $231.51    15,407: Current Lds:           166.6
  Live Heifer:         1361   $231.22     5,203: Previous Lds:           77.4
  Drsd Steer:           997   $359.75     2,411
  Drsd Heifer:          880   $359.37     1,392
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      Grading % Breakdown            :         Drop Credit      :       11.40
 Ch 600-900# :                 86.93%:         Steer Dressing % :      63.67%
 Ch 600-750# :                 35.14%:         Heifer Dressing %:      63.68%
 Ch 750-900# :                 51.79%:         Processing Cost  :       12.00
 Se 600-900# :                 13.07%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.41%:
 Se 750-900# :                  9.66%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 358.32                       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            19.62   $348.65   $360.83   $377.94   $375.26   $362.49
 Certified 1-3         5.80   $334.83   $347.01   $364.12   $361.44   $348.67
 Choice 1              3.35   $332.38   $344.56   $361.67   $358.99   $346.22
 Select 1            -15.82   $313.21   $325.39   $342.50   $339.82   $327.05
 Stndrd 1-3          -36.41   $292.62   $304.80   $321.91   $319.23   $306.46
 Prime 4               5.50   $334.53   $346.71   $363.82   $361.14   $348.37
 Choice 4            -12.82   $316.21   $328.39   $345.50   $342.82   $330.05
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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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