USDA Carcass Price Equivalent Index 11/21 15:31

NW_LS410
Des Moines, IA     Fri, Nov 21, 2025     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $344.99             $328.09
 Change =>                      -2.42               -1.11
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Current Index Reflects the Equivalent of 192,565 head of cattle.
SUPPLY (Live)  44,900 Hd
Equivalent:                   $330.51             $311.20
DEMAND (Box)   147,665 Hd*
Equivalent:                   $359.48             $344.98
Live-Box Spread:             ($28.97)            ($33.78)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $371.48
                  Weight   Price     Head      : Se 600-900#          $356.98
  Live Steer:          1580   $218.03    24,104: Current Lds:          1436.5
  Live Heifer:         1391   $218.53     9,940: Previous Lds:          115.6
  Drsd Steer:          1022   $343.65     9,007
  Drsd Heifer:          895   $342.44     1,849
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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 %:      63.55%
 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 = 344.99                       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   $334.54   $346.72   $363.83   $361.15   $348.38
 Certified 1-3         6.05   $321.75   $333.93   $351.04   $348.36   $335.59
 Choice 1              3.35   $319.05   $331.23   $348.34   $345.66   $332.89
 Select 1            -15.48   $300.22   $312.40   $329.51   $326.83   $314.06
 Stndrd 1-3          -35.99   $279.71   $291.89   $309.00   $306.32   $293.55
 Prime 4               4.72   $320.42   $332.60   $349.71   $347.03   $334.26
 Choice 4            -12.82   $302.88   $315.06   $332.17   $329.49   $316.72
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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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