USDA MARKET NEWS--AFTERNOON CATTLE REPORT    11/20/25

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:   1,114  WEEK TO DATE:   3,008
    STEERS LIVE FOB
          1,034       222.00-224.00       222.00-224.00       222.32
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB          
          No reportable trade
    HEIFERS LIVE DELIVERED
          No reportable trade

NEBRASKA  CONFIRMED CASH SALES - TODAY:   1,708  WEEK TO DATE:  16,370
    STEERS DRESSED DELIVERED
          194         332.00-338.00       332.00-338.00       334.38
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          No reportable dressed trade
    HEIFERS DRESSED FOB
          No reportable trade

TEXAS     CONFIRMED CASH SALES - TODAY:     182  WEEK TO DATE:   2,087
    STEERS LIVE FOB
          73          222.00-222.00       222.00-222.00       222.00
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB
          No reportable live 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:   3,495  WEEK TO DATE:  16,782
    STEERS DRESSED DELIVERED
          No reportable dressed trade
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          38          342.00-342.00       342.00-342.00       342.00
    HEIFERS DRESSED FOB
          No reportable trade

COMMENTS:  Some very light trade was reported today. So far this 
week, Northern dressed trade has been marked at mostly $345, $6 lower than 
last week's weighted average. Southern live business has been reported at 
$222 to $224, $4 to $6 lower than the prior week's weighted average.

5-AREA LV STR AVG(NEG)PR&WT: $218.14(1567) HIDE&OFFAL: $11.57 Unchg
CARCASS EQV INDEX    CHOICE (600-900#)      SELECT (600-900#)   HEAD    
    SUPPLY (Live)      $335.53                $316.22          64,407
    DEMAND (Box)       $359.28                $342.18          49,565
    INDEX VALUE        $347.41  -2.22         $329.20  -1.93  113,972
BEEF CUTOUTS     CHOICE (600-900#)      SELECT (600-900#)
                       $371.28  +0.05         $354.18  +0.63
   79.15 LDS CH CUTS / 13.95 LDS SEL CUTS /  4.94 LDS TRIM / 17.56 LDS GROUND
DAILY CHOICE/SELECT SPREAD  $17.10  TOTAL LOAD COUNT  116
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 11/14 $375.03 -2.83
 CUTTER 90%  350# UP C/O: $315.82 -0.29
 NAT'L BONELESS BF TRIM:  36.11 lds / Sharply lr on lt dem & offers
 90% TRIM: 20 lds: Wtd Avg: $402.57 / Steady to firm
FI KILL(WTD) THU 120(477)  WK AGO 120(471)  YR AGO 127(499)
                    -PREVIOUS DAY BREAKDOWN: WEDNESDAY  SH97 / 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