USDA MARKET NEWS--AFTERNOON CATTLE REPORT    11/21/25

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:     104  WEEK TO DATE:   3,112
    STEERS LIVE FOB
          No reportable trade
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB          
          104         218.00-218.00       218.00-218.00       218.00
    HEIFERS LIVE DELIVERED
          No reportable trade

NEBRASKA  CONFIRMED CASH SALES - TODAY:     268  WEEK TO DATE:  17,792
    STEERS DRESSED DELIVERED
          No reportable dressed
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          No reportable trade
    HEIFERS DRESSED FOB
          No reportable trade

TEXAS     CONFIRMED CASH SALES - TODAY:       0  WEEK TO DATE:   2,087
    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:     771  WEEK TO DATE:  21,448
    STEERS DRESSED DELIVERED
          76          338.00-338.00       338.00-338.00       338.00
    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, as the bulk of business was completed on Wednesday and Thursday. 
Northern dressed trade was marked at mostly $345, $6 lower than last week's 
weighted average. Southern live business was reported at $222 to $224, $4 to 
$6 lower than the prior week's weighted average.

5-AREA LV STR AVG(NEG)PR&WT: $216.76(1596) HIDE&OFFAL: $11.57 Unchg
CARCASS EQV INDEX    CHOICE (600-900#)      SELECT (600-900#)   HEAD    
    SUPPLY (Live)      $330.51                $311.20          44,900
    DEMAND (Box)       $359.48                $344.98         147,665
    INDEX VALUE        $344.99  -2.42         $328.09  -1.11  192,565
BEEF CUTOUTS     CHOICE (600-900#)      SELECT (600-900#)
                       $371.48  +0.20         $356.98  +2.80
  104.61 LDS CH CUTS / 18.17 LDS SEL CUTS /  9.67 LDS TRIM / 13.04 LDS GROUND
DAILY CHOICE/SELECT SPREAD  $14.50  TOTAL LOAD COUNT  145
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 11/14 $375.03 -2.83
 CUTTER 90%  350# UP C/O: $316.13 +0.31
 NAT'L BONELESS BF TRIM:  39.38 lds / Shrply lr w/gd dem & mod offers
 90% TRIM: 00 lds: Wtd Avg: $No Test/ Not fully established
FI KILL(WTD) FRI 105(578)  WK AGO  93(564)  YR AGO 119(618)
             SAT   7(585)  WK AGO  12(576)  YR AGO  17(635)
             **** REVISION ** THR 116(473) ** REVISION ****
             -PREVIOUS DAY BREAKDOWN: THURSDAY SH937 / CB23- 
                 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