USDA Carcass Price Equivalent Index 11/18 15:31

NW_LS410
Des Moines, IA     Tue, Nov 18, 2025     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $350.17             $332.02
 Change =>                       0.71               -0.73
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Current Index Reflects the Equivalent of 96,032 head of cattle.
SUPPLY (Live)  45,007 Hd
Equivalent:                   $340.40             $321.09
DEMAND (Box)   51,025 Hd*
Equivalent:                   $359.95             $342.95
Live-Box Spread:             ($19.55)            ($21.86)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $371.95
                  Weight   Price     Head      : Se 600-900#          $354.95
  Live Steer:          1563   $225.02    23,230: Current Lds:           163.0
  Live Heifer:         1415   $224.95    10,111: Previous Lds:           74.8
  Drsd Steer:          1010   $351.25     9,108
  Drsd Heifer:          916   $351.86     2,558
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      Grading % Breakdown            :         Drop Credit      :       11.54
 Ch 600-900# :                 86.88%:         Steer Dressing % :      63.67%
 Ch 600-750# :                 35.12%:         Heifer Dressing %:      63.69%
 Ch 750-900# :                 51.76%:         Processing Cost  :       12.00
 Se 600-900# :                 13.12%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.43%:
 Se 750-900# :                  9.70%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 350.17                       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            18.84   $339.72   $351.90   $369.01   $366.33   $353.56
 Certified 1-3         6.05   $326.93   $339.11   $356.22   $353.54   $340.77
 Choice 1              3.35   $324.23   $336.41   $353.52   $350.84   $338.07
 Select 1            -15.48   $305.40   $317.58   $334.69   $332.01   $319.24
 Stndrd 1-3          -35.99   $284.89   $297.07   $314.18   $311.50   $298.73
 Prime 4               4.72   $325.60   $337.78   $354.89   $352.21   $339.44
 Choice 4            -12.82   $308.06   $320.24   $337.35   $334.67   $321.90
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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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