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           USDA MARKET NEWS--AFTERNOON CATTLE REPORT    01/20/26

          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:       0  WEEK TO DATE:       0
    STEERS DRESSED DELIVERED
          No reportable trade
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          No reportable trade
    HEIFERS DRESSED FOB
          No reportable trade

TEXAS     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

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:     635  WEEK TO DATE:     650
    STEERS DRESSED DELIVERED
          No reportable trade
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          No reportable trade
    HEIFERS DRESSED FOB
          No reportable trade

COMMENTS:   It was another fairly quiet day in cash cattle country, 
with just a few live cattle traded in Iowa, but certainly not enough to 
establish any kind of a trend for the week. Bids and asking prices have yet 
to be established, and significant trade volume will likely be delayed until 
Wednesday or later in the week.

5-AREA LV STR AVG(NEG)PR&WT: $No Test      HIDE&OFFAL: $11.75 +0.04
CARCASS EQV INDEX    CHOICE (600-900#)      SELECT (600-900#)    HEAD
    SUPPLY (Live)      $353.17                $344.37          57,804
    DEMAND (Box)       $352.76                $347.84          42,488
    INDEX VALUE        $352.97  +0.19         $346.10  -0.28  100,292
BEEF CUTOUTS     CHOICE (600-900#)      SELECT (600-900#)
                       $364.76  +0.43         $359.84  -0.49
  80.22 LDS CH CUTS / 14.45 LDS SEL CUTS /  5.45 LDS TRIM / 17.39 LDS GROUND
DAILY CHOICE/SELECT SPREAD   $4.92  TOTAL LOAD COUNT 118
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 01/16 $360.93 +7.23
 CUTTER 90%  350# UP C/O: $314.81 -1.78
 NAT'L BONELESS BF TRIM:  28.08 lds / Unevenly stdy on lt dem & mod offers
90% TRIM: 07 lds: Wtd Avg: $402.45  / Sharply lower
FI KILL(WTD) TUE 114(219)  WK AGO 121(219)  YR AGO 122(235)
            -PREVIOUS DAY BREAKDOWN: MONDAY SAT SH87 / CB18- 
                 WEEKLY CANADIAN CATTLE IMPORTS.
               WK ENDING  FEEDERS  SLAUGHTER S&H
  Week Ending:  01/03/26     317       4,889
  Week Ending:  12/27/25     659       5,717
   Change from prev week:   -342        -828

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