USDA Carcass Price Equivalent Index 11/19 15:31

NW_LS410
Des Moines, IA     Wed, Nov 19, 2025     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $349.63             $331.13
 Change =>                      -0.54               -0.89
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Current Index Reflects the Equivalent of 95,024 head of cattle.
SUPPLY (Live)  44,331 Hd
Equivalent:                   $340.03             $320.72
DEMAND (Box)   50,693 Hd*
Equivalent:                   $359.23             $341.55
Live-Box Spread:             ($19.20)            ($20.83)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $371.23
                  Weight   Price     Head      : Se 600-900#          $353.55
  Live Steer:          1565   $224.80    22,855: Current Lds:           179.0
  Live Heifer:         1415   $224.69     9,790: Previous Lds:          163.0
  Drsd Steer:          1010   $351.28     9,128
  Drsd Heifer:          916   $351.86     2,558
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      Grading % Breakdown            :         Drop Credit      :       11.57
 Ch 600-900# :                 86.88%:         Steer Dressing % :      63.68%
 Ch 600-750# :                 35.12%:         Heifer Dressing %:      63.71%
 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%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 349.63                       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   $339.18   $351.36   $368.47   $365.79   $353.02
 Certified 1-3         6.05   $326.39   $338.57   $355.68   $353.00   $340.23
 Choice 1              3.35   $323.69   $335.87   $352.98   $350.30   $337.53
 Select 1            -15.48   $304.86   $317.04   $334.15   $331.47   $318.70
 Stndrd 1-3          -35.99   $284.35   $296.53   $313.64   $310.96   $298.19
 Prime 4               4.72   $325.06   $337.24   $354.35   $351.67   $338.90
 Choice 4            -12.82   $307.52   $319.70   $336.81   $334.13   $321.36
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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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