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

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:       0  WEEK TO DATE:       0
    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:  14,967  WEEK TO DATE:  15,219
    STEERS DRESSED DELIVERED
          7970        325.00-330.00       325.00-330.00      329.57
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          1027        330.00-330.00       330.00-330.00      330.00
    HEIFERS DRESSED FOB
          No reportable trade

TEXAS     CONFIRMED CASH SALES - TODAY:       0  WEEK TO DATE:       0
    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: 4,858   WEEK TO DATE:   5,549
    STEERS DRESSED DELIVERED
          1652        328.00-330.00       328.00-330.00     328.83
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          No reportable dressed trade
    HEIFERS DRESSED FOB
          No reportable trade

COMMENTS: The bearish sentiment that came from Tyson's announcement 
last Friday worked its way into the fed cash cattle market as some light trade 
was reported throughout the day in the North at $330, which is $15.00 lower 
than last week's weighted average, and although there's not been many cattle 
traded in the South, a handful of deals have been marked at $215, which is 
$7.00 to $9.00 lower than last week's weighted average. More cattle will 
obviously need to trade before the week's end, but it's likely that the week's 
prices are mostly set. Asking prices for cattle in the South are set at $220, 
but are still not fully established in the North.
  
5-AREA LV STR AVG(NEG)PR&WT: $208.00(1570) HIDE&OFFAL: $11.22 -0.01
CARCASS EQV INDEX    CHOICE (600-900#)      SELECT (600-900#)   HEAD    
    SUPPLY (Live)      $329.31                $310.08          45,015
    DEMAND (Box)       $358.09                $343.93         154,997
    INDEX VALUE        $343.70  -0.44         $327.00  -0.03  200,012
BEEF CUTOUTS     CHOICE (600-900#)      SELECT (600-900#)
                       $370.09  -0.40         $355.93  +0.42
 175.01 LDS CH CUTS / 23.19 LDS SEL CUTS /  4.08 LDS TRIM / 13.01 LDS GROUND
DAILY CHOICE/SELECT SPREAD  $14.16  TOTAL LOAD COUNT  215
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 11/21 $371.92 -3.11
 CUTTER 90%  350# UP C/O: $314.21 -1.97
 NAT'L BONELESS BF TRIM:   8.69 lds / Shply hr on good dem & lgt offers
 90% TRIM: 13 lds: Wtd Avg: $401.63/ Mostly mod lower
FI KILL(WTD) TUE 125(245)  WK AGO 121(237)  YR AGO 126(248)
             -PREVIOUS DAY BREAKDOWN: MON SH100/ CB20                           
          
                 WEEKLY CANADIAN CATTLE IMPORTS.
               WK ENDING  FEEDERS  SLAUGHTER S&H
  Week Ending:  11/08/25   2,247      12,485
  Week Ending:  11/01/25   1,188      14,885
   Change from prev week: +1,059      -2,400