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           USDA MARKET NEWS--AFTERNOON CATTLE REPORT    12/04/25

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:       0  WEEK TO DATE:     156
    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:   5,516  WEEK TO DATE:   5,516
    STEERS DRESSED DELIVERED
          1,739       340.00-340.00       340.00-340.00       340.00
    STEERS DRESSED FOB
          498         340.00-340.00       340.00-340.00       340.00
    HEIFERS DRESSED DELIVERED
          80          340.00-340.00       340.00-340.00       340.00
    HEIFERS DRESSED FOB
          157         340.00-340.00       340.00-340.00       340.00

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:   7,280  WEEK TO DATE:   8,312
    STEERS DRESSED DELIVERED
          1,327       340.00-345.00       340.00-345.00       340.26
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          200         340.00-340.00       340.00-340.00       340.00
    HEIFERS DRESSED FOB
          No reportable trade

COMMENTS:  A light trade was reported in parts of the North today 
with dressed deals ranging from $340 to $345, $11 to $16 higher than last 
week's weighted average. Live deals in that area had a range of $217 to $220, 
$8 to $11 higher than the previous week's weighted averages basis Nebraska. 
The South remained at a standstill. 

5-AREA LV STR AVG(NEG)PR&WT: $217.00(1725) HIDE&OFFAL: $11.49 -0.03
CARCASS EQV INDEX    CHOICE (600-900#)      SELECT (600-900#)   HEAD    
    SUPPLY (Live)      $327.25                $309.18          11,558
    DEMAND (Box)       $350.72                $338.32          44,050
    INDEX VALUE        $338.98  +3.18         $323.75  +2.33   55,608
BEEF CUTOUTS     CHOICE (600-900#)      SELECT (600-900#)
                       $362.72  -1.09         $350.32  -2.80
 119.60 LDS CH CUTS / 21.18 LDS SEL CUTS /  5.30 LDS TRIM / 11.47 LDS GROUND
DAILY CHOICE/SELECT SPREAD  $12.40  TOTAL LOAD COUNT 158
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 11/28 $370.27 -1.65
 CUTTER 90%  350# UP C/O: $310.78 -2.78
 NAT'L BONELESS BF TRIM:  38.85 lds / Shrply lr on lt dem & lt offers
90% TRIM: 20 lds: Wtd Avg: $396.47  / Sharply lower
FI KILL(WTD) THU 121(475)  WK AGO   1(370)  YR AGO 118(485)
            -PREVIOUS DAY BREAKDOWN:  Thursday SH95 / CB22-                     
                
                 WEEKLY CANADIAN CATTLE IMPORTS.
               WK ENDING  FEEDERS  SLAUGHTER S&H
  Week Ending:  11/22/25   1,498      13,987
  Week Ending:  11/15/25   2,169      12,852
   Change from prev week:   -671      +1,135