USDA Carcass Price Equivalent Index 11/20 15:26

NW_LS410
Des Moines, IA     Thu, Nov 20, 2025     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $347.41             $329.20
 Change =>                      -2.22               -1.93
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Current Index Reflects the Equivalent of 113,972 head of cattle.
SUPPLY (Live)  64,407 Hd
Equivalent:                   $335.53             $316.22
DEMAND (Box)   49,565 Hd*
Equivalent:                   $359.28             $342.18
Live-Box Spread:             ($23.75)            ($25.96)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $371.28
                  Weight   Price     Head      : Se 600-900#          $354.18
  Live Steer:          1561   $221.95    27,370: Current Lds:           115.6
  Live Heifer:         1404   $222.10    16,653: Previous Lds:          179.0
  Drsd Steer:          1019   $347.15    16,514
  Drsd Heifer:          909   $347.82     3,870
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      Grading % Breakdown            :         Drop Credit      :       11.57
 Ch 600-900# :                 86.88%:         Steer Dressing % :      63.80%
 Ch 600-750# :                 35.12%:         Heifer Dressing %:      63.65%
 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 = 347.41                       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   $336.96   $349.14   $366.25   $363.57   $350.80
 Certified 1-3         6.05   $324.17   $336.35   $353.46   $350.78   $338.01
 Choice 1              3.35   $321.47   $333.65   $350.76   $348.08   $335.31
 Select 1            -15.48   $302.64   $314.82   $331.93   $329.25   $316.48
 Stndrd 1-3          -35.99   $282.13   $294.31   $311.42   $308.74   $295.97
 Prime 4               4.72   $322.84   $335.02   $352.13   $349.45   $336.68
 Choice 4            -12.82   $305.30   $317.48   $334.59   $331.91   $319.14
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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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