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           USDA MARKET NEWS--AFTERNOON CATTLE REPORT    09/25/26  

DTN COMMENTS:

At the time of this writing, only a handful of cattle had sold earlier in the 
week in the North at $350 which is fully steady with the previous weeks 
weighted average, but no Southern trade has developed. Its anyones guess 
how this weeks trade could shake out as initially it was assumed that the 
market would at least trade steady to somewhat higher, but with the production 
ramifications of the ICE raids in Kansas, packer demand may not be as strong. 

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:   4,384
              WEEK TO DATE:  12,167
                            Volume  USDA TOTAL RANGE Wtd Avg
  STEERS LIVE FOB              180    220.00-220.00   220.00
  STEERS DRESSED DELIVERED   3,204    345.00-345.00   345.00
  STEERS DRESSED FOB            *           -
  HEIFERS LIVE FOB              *           -
  HEIFERS DRESSED DELIVERED    664    345.00-346.00   345.20
  HEIFERS DRESSED FOB           *           -
 * = No reportable trade.

IOWA\MINNESOTA   
CONFIRMED CASH SALES-TODAY:   3,842
              WEEK TO DATE:  10,837
                            Volume  USDA TOTAL RANGE Wtd Avg
  STEERS LIVE FOB            2,455    219.00-221.00   220.06
  STEERS LIVE DELIVERED         *           -
  STEERS DRESSED DELIVERED     357    345.00-345.00   345.00
  STEERS DRESSED FOB            *           -
  HEIFERS LIVE FOB             518    220.00-220.00   220.00
  HEIFERS LIVE DELIVERED        *           -
  HEIFERS DRESSED FOB           *           -
 * = No reportable trade.

 5 Area Daily Weighted Average  
   09/25/26             Avg    Avg
Steers Live FOB       Price Weight
Total All Grades      220.50  1,612

By-Product Drop Value       09/25/26
                       Est. Change
HIDE & OFFAL:      15.11   Unch

BEEF CARCASS EQUIVALENT INDEX ~ 09/25/26
 (600-900#)         CHOICE    Chg  SELECT      Chg    # HEAD
 AVG INDEX          $348.28    1.18 $326.32      1.65 65,310
 LIVE BASED         $329.73         $308.88           28,571
 BOX BASED          $366.83         $343.76           36,739
Live-Box Spread      -37.10         -34.88

DAILY BOXED BEEF CUTOUT AND BOXED BEEF CU09/25/26
BEEF CUTOUTS        CHOICE    Chg  SELECT      Chg
 (600-900#)         $378.83    2.71 $355.76      3.66
CH/SE SPREAD:        $23.07
            TOTAL    CH CUT SE CUT     TRIM   GROUND
LOADS:      111.69     75.57   6.68     7.76    21.68

MONDAYS: 
COMPREHENSIVE WKLY CUTOUT VALUE 
           WEEK ENDING      ####### $379.13

5-DAY ROLLING CUTTER COW CUTOUT  09/25/26
                             Value   Change
 CUTTER 90%  350# UP C/O:    326.07     8.28

NATL BONELESS BEEF TRIM:    09/25/26
    loads    39.46
90% TRIM ld      5          WT AVG:  Change
                             414.78    15.36

FI SLAUGHTER (KILL)        Week to
                              Kill     Date
                    Fri          87      476
              9/25  Prev Wk     101      521
                    Yr AGO       91      558

     -PREVIOUS DAY BREAKDOWN:
    STEERS/ HEIFERS       69    COWS/BULLS         21
WEEKLY CANADIAN CATTLE IMPORTS: 
                          FEEDER   SLAUGHTER S&H
Week Ending         09/12/26  1,165    6,976
Week Ending         09/05/26  1,038    8,198
Change Fm Previous Week         127   -1,222

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