USDA Carcass Price Equivalent Index 11/25 15:31

NW_LS410
Des Moines, IA     Tue, Nov 25, 2025     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $343.70             $327.00
 Change =>                      -0.44               -0.03
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Current Index Reflects the Equivalent of 200,012 head of cattle.
SUPPLY (Live)  45,015 Hd
Equivalent:                   $329.31             $310.08
DEMAND (Box)   154,997 Hd*
Equivalent:                   $358.09             $343.93
Live-Box Spread:             ($28.78)            ($33.85)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $370.09
                  Weight   Price     Head      : Se 600-900#          $355.93
  Live Steer:          1573   $217.02    23,890: Current Lds:           215.3
  Live Heifer:         1397   $217.69    10,404: Previous Lds:          120.3
  Drsd Steer:          1022   $343.35     8,932
  Drsd Heifer:          897   $342.02     1,789
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      Grading % Breakdown            :         Drop Credit      :       11.56
 Ch 600-900# :                 86.87%:         Steer Dressing % :      63.66%
 Ch 600-750# :                 35.11%:         Heifer Dressing %:      63.55%
 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 = 343.70                       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   $333.03   $345.21   $362.32   $359.64   $346.87
 Certified 1-3         6.05   $320.46   $332.64   $349.75   $347.07   $334.30
 Choice 1              3.35   $317.76   $329.94   $347.05   $344.37   $331.60
 Select 1            -15.40   $299.01   $311.19   $328.30   $325.62   $312.85
 Stndrd 1-3          -35.99   $278.42   $290.60   $307.71   $305.03   $292.26
 Prime 4               4.50   $318.91   $331.09   $348.20   $345.52   $332.75
 Choice 4            -12.82   $301.59   $313.77   $330.88   $328.20   $315.43
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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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