USDA Carcass Price Equivalent Index 11/11 15:26

NW_LS410
Des Moines, IA     Tue, Nov 11, 2025     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $357.32             $337.93
 Change =>                       0.97                0.21
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Current Index Reflects the Equivalent of 101,427 head of cattle.
SUPPLY (Live)  57,596 Hd
Equivalent:                   $347.42             $327.77
DEMAND (Box)   43,831 Hd*
Equivalent:                   $367.22             $348.08
Live-Box Spread:             ($19.80)            ($20.31)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $379.22
                  Weight   Price     Head      : Se 600-900#          $360.08
  Live Steer:          1560   $228.70    29,905: Current Lds:           122.6
  Live Heifer:         1390   $228.80    11,929: Previous Lds:           78.7
  Drsd Steer:          1028   $358.13    13,152
  Drsd Heifer:          881   $359.03     2,610
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      Grading % Breakdown            :         Drop Credit      :       11.38
 Ch 600-900# :                 86.84%:         Steer Dressing % :      63.46%
 Ch 600-750# :                 35.10%:         Heifer Dressing %:      63.34%
 Ch 750-900# :                 51.74%:         Processing Cost  :       12.00
 Se 600-900# :                 13.16%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.44%:
 Se 750-900# :                  9.73%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 357.32                       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            19.34   $347.37   $359.55   $376.66   $373.98   $361.21
 Certified 1-3         5.93   $333.96   $346.14   $363.25   $360.57   $347.80
 Choice 1              3.35   $331.38   $343.56   $360.67   $357.99   $345.22
 Select 1            -15.82   $312.21   $324.39   $341.50   $338.82   $326.05
 Stndrd 1-3          -36.27   $291.76   $303.94   $321.05   $318.37   $305.60
 Prime 4               5.22   $333.25   $345.43   $362.54   $359.86   $347.09
 Choice 4            -12.82   $315.21   $327.39   $344.50   $341.82   $329.05
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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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