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           USDA MARKET NEWS--AFTERNOON CATTLE REPORT    11/12/25

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:      33  WEEK TO DATE:      33
    STEERS LIVE FOB
          No reportable trade
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB          
          No reportable trade
    HEIFERS LIVE DELIVERED
          No reportable trade

NEBRASKA  CONFIRMED CASH SALES - TODAY:     630  WEEK TO DATE:     630
    STEERS DRESSED DELIVERED
          77         357.00-357.00       357.00-357.00       357.00
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          176        357.00-357.00       357.00-357.00       357.00
    HEIFERS DRESSED FOB
          No reportable trade

TEXAS     CONFIRMED CASH SALES - TODAY:       0  WEEK TO DATE:     197
    STEERS LIVE FOB
          No reportable trade
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB
          No reportable trade
    HEIFERS LIVE DELIVERED
          No reportable trade

COLORADO  CONFIRMED CASH SALES - TODAY: NA Conf  WEEK TO DATE: NA Conf
    STEERS LIVE FOB
          NA Due to Confidentiality
    STEERS LIVE DELIVERED
          NA Due to Confidentiality
    HEIFERS LIVE FOB
          NA Due to Confidentiality
    HEIFERS LIVE DELIVERED
          NA Due to Confidentiality

IOWA      CONFIRMED CASH SALES - TODAY:     710  WEEK TO DATE:   1,959
    STEERS DRESSED DELIVERED
          No reportable dressed trade
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          No reportable dressed trade
    HEIFERS DRESSED FOB
          No reportable trade

COMMENTS:  Just a handful of sales were reported by Mandatory today. 
Dressed deals in NE were marked at $357, but it was certainly not enough 
business to establish any kind of accurate trend for the week. For the most 
part bids remained elusive. A more significant trade volume will take place 
tomorrow and/or Friday.

5-AREA LV STR AVG(NEG)PR&WT: $227.00(1600) HIDE&OFFAL: $11.38 Unchg
CARCASS EQV INDEX    CHOICE (600-900#)      SELECT (600-900#)   HEAD    
    SUPPLY (Live)      $347.44                $327.79          58,579
    DEMAND (Box)       $362.45                $347.94          48,842
    INDEX VALUE        $354.94  -2.38         $337.87  -0.06  107,421
BEEF CUTOUTS     CHOICE (600-900#)      SELECT (600-900#)
                       $374.45  -4.77         $359.94  -0.14
  141.11 LDS CH CUTS / 24.05 LDS SEL CUTS /  8.72 LDS TRIM /  9.57 LDS GROUND
DAILY CHOICE/SELECT SPREAD  $14.51  TOTAL LOAD COUNT  183
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 11/07 $377.86 +1.60
 CUTTER 90%  350# UP C/O: $319.27 +1.49
 NAT'L BONELESS BF TRIM:  30.39 lds / Unevenly steady on mod dem & offers
 90% TRIM: 09 lds: Wtd Avg: $408.51 / Mostly sharply higher
FI KILL(WTD) WED 122(351)  WK AGO 117(344)  YR AGO 125(360)
             -PREVIOUS DAY BREAKDOWN: TUESDAY  SH92 / CB24- 
                 WEEKLY CANADIAN CATTLE IMPORTS.
               WK ENDING  FEEDERS  SLAUGHTER S&H
  Week Ending:  11/01/25   1,188      14,885
  Week Ending:  10/25/25   2,143      13,510
   Change from prev week:   -955      +1,375