NW_LS410
Des Moines, IA     Tue, Sep 23, 2025     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $365.16             $343.47
 Change =>                      -0.25               -1.05
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Current Index Reflects the Equivalent of 87,484 head of cattle.
SUPPLY (Live)  42,455 Hd
Equivalent:                   $361.51             $339.05
DEMAND (Box)   45,029 Hd*
Equivalent:                   $368.80             $347.90
Live-Box Spread:              ($7.29)             ($8.85)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $380.80
                  Weight   Price     Head      : Se 600-900#          $359.90
  Live Steer:          1528   $237.39    21,679: Current Lds:           120.4
  Live Heifer:         1345   $237.66    10,505: Previous Lds:          108.5
  Drsd Steer:           995   $370.79     8,411
  Drsd Heifer:          874   $372.03     1,860
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      Grading % Breakdown            :         Drop Credit      :       11.50
 Ch 600-900# :                 86.99%:         Steer Dressing % :      63.69%
 Ch 600-750# :                 35.16%:         Heifer Dressing %:      63.61%
 Ch 750-900# :                 51.82%:         Processing Cost  :       12.00
 Se 600-900# :                 13.01%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.40%:
 Se 750-900# :                  9.62%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 365.16                       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            17.84   $353.71   $365.89   $383.00   $380.32   $367.55
 Certified 1-3         5.93   $341.80   $353.98   $371.09   $368.41   $355.64
 Choice 1              3.35   $339.22   $351.40   $368.51   $365.83   $353.06
 Select 1            -18.65   $317.22   $329.40   $346.51   $343.83   $331.06
 Stndrd 1-3          -37.34   $298.53   $310.71   $327.82   $325.14   $312.37
 Prime 4               3.72   $339.59   $351.77   $368.88   $366.20   $353.43
 Choice 4            -12.82   $323.05   $335.23   $352.34   $349.66   $336.89
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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