USDA MARKET NEWS--AFTERNOON CATTLE REPORT    11/12/26  

DTN COMMENTS:

The fed cash cattle market saw bids develop in Kansas at $215 live, but no 
trade developed. Asking prices are noted at $340 in Nebraska but are not 
specified in the South. Given that no trade has developed yet, packers will 
need to be more aggressive in Fridays market to secure enough inventory to 
avoid being short bought.

KANSAS    
CONFIRMED CASH SALES-TODAY:Confidential
              WEEK TO DATE:
                           Volume  USDA TOTAL RANGE Wtd Avg
  STEERS LIVE FOB              *           -
  STEERS LIVE DELIVERED        *           -
  HEIFERS LIVE FOB             *           -
  HEIFERS LIVE DELIVERED       *           -
 * = No reportable trade.

NEBRASKA   
CONFIRMED CASH SALES-TODAY:*
              WEEK TO DATE:*
                           Volume  USDA TOTAL RANGE Wtd Avg
  STEERS LIVE FOB              *
  STEERS LIVE DELIVERED        *
  STEERS DRESSED DELIVERED     *
  STEERS DRESSED FOB           *           -
  HEIFERS LIVE FOB             *
  HEIFERS DRESSED DELIVERED    *
  HEIFERS DRESSED FOB          *           -
 * = No reportable trade.

IOWA\MINNESOTA   
CONFIRMED CASH SALES-TODAY:    250
              WEEK TO DATE:    361
                           Volume  USDA TOTAL RANGE Wtd Avg
  STEERS LIVE FOB               99   210.00-210.00   210.00
  STEERS LIVE DELIVERED        *           -
  STEERS DRESSED DELIVERED     140   335.00-335.00   335.00
  STEERS DRESSED FOB           *           -
  HEIFERS LIVE FOB             *           -
  HEIFERS LIVE DELIVERED       *           -
  HEIFERS DRESSED DELIVERED    *           -
  HEIFERS DRESSED FOB          *           -
 * = No reportable trade.

 5 Area Daily Weighted Average  
   11/12/26            Avg    Avg
Steers Live FOB      Price Weight
Total All Grades     211.93  1,670

By-Product Drop Value      11/12/26
                      Est. Change
HIDE & OFFAL:     14.43  -0.04

BEEF CARCASS EQUIVALENT INDEX  11/12/26
 (600-900#)         CHOICE   Chg  SELECT      Chg    # HEAD
 AVG INDEX          $332.55  -2.20 $319.17     -0.25 71,972
 LIVE BASED         $319.51        $301.64           31,698
 BOX BASED          $345.59        $336.71           40,274
Live-Box Spread     -26.08         -35.07

DAILY BOXED BEEF CUTOUT AND BOXED BEEF C11/12/26
BEEF CUTOUTS        CHOICE   Chg  SELECT      Chg
 (600-900#)         $357.59  -2.67 $348.71      1.24
CH/SE SPREAD:        $8.88
            TOTAL   CH CUT SE CUT     TRIM   GROUND
LOADS:      160.00   130.56   8.19     5.70    15.80

MONDAYS: 
COMPREHENSIVE WKLY CUTOUT VALUE 
           WEEK ENDING     11/09/2 $366.62

5-DAY ROLLING CUTTER COW CUTOUT  11/12/26
                            Value   Change
 CUTTER 90%  350# UP C/O:   289.29    -3.91

NATL BONELESS BEEF TRIM:   11/12/26
    loads    30.16
90% TRIM ldN/A             WT AVG:  Change
                               ---      ---

FI SLAUGHTER (KILL)       Week to
                                      Date
                    Thu        110      435
             11/12  Prev Wk    110      430
                    Yr AGO     121      471

     -PREVIOUS DAY BREAKDOWN:
    STEERS/ HEIFERS      85    COWS/BULLS         22
WEEKLY CANADIAN CATTLE IMPORTS: 
                          FEEDER  SLAUGHTER S&H
Week Ending         10/31/2  2,787   11,040
Week Ending         10/24/2  3,796    9,005
Change Fm Previous Week     -1,009    2,035