USDA Carcass Price Equivalent Index 11/24 15:31

NW_LS410
Des Moines, IA     Mon, Nov 24, 2025     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $344.14             $327.03
 Change =>                      -0.85               -1.06
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Current Index Reflects the Equivalent of 195,170 head of cattle.
SUPPLY (Live)  44,096 Hd
Equivalent:                   $329.78             $310.55
DEMAND (Box)   151,074 Hd*
Equivalent:                   $358.49             $343.51
Live-Box Spread:             ($28.71)            ($32.96)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $370.49
                  Weight   Price     Head      : Se 600-900#          $355.51
  Live Steer:          1573   $217.35    23,463: Current Lds:           120.3
  Live Heifer:         1396   $218.20     9,912: Previous Lds:         1436.5
  Drsd Steer:          1022   $343.35     8,932
  Drsd Heifer:          897   $342.02     1,789
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      Grading % Breakdown            :         Drop Credit      :       11.57
 Ch 600-900# :                 86.87%:         Steer Dressing % :      63.65%
 Ch 600-750# :                 35.11%:         Heifer Dressing %:      63.53%
 Ch 750-900# :                 51.75%:         Processing Cost  :       12.00
 Se 600-900# :                 13.13%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.43%:
 Se 750-900# :                  9.71%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 344.14                       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            18.62   $333.47   $345.65   $362.76   $360.08   $347.31
 Certified 1-3         6.05   $320.90   $333.08   $350.19   $347.51   $334.74
 Choice 1              3.35   $318.20   $330.38   $347.49   $344.81   $332.04
 Select 1            -15.40   $299.45   $311.63   $328.74   $326.06   $313.29
 Stndrd 1-3          -35.99   $278.86   $291.04   $308.15   $305.47   $292.70
 Prime 4               4.50   $319.35   $331.53   $348.64   $345.96   $333.19
 Choice 4            -12.82   $302.03   $314.21   $331.32   $328.64   $315.87
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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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