USDA MARKET NEWS--AFTERNOON CATTLE REPORT    01/12/26

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:     110  WEEK TO DATE:     110
    STEERS LIVE FOB
          78          233.00-233.00       233.00-233.00       233.00
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB
          32          233.00-233.00       233.00-233.00       233.00
    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:       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

COMMENTS: Just a handful of trade was reported sold in KS today with 
live deals marked at $233, fully steady with the majority of last week's 
trade, but certainly not enough to establish an accurate trend for the week. 
The rest of cash cattle country was at a complete standstill. Bids and asking 
prices have yet to be fully established, and significant trade volume will 
likely be delayed until the second half of the week.

Note:  That the Select Cutout is higher than the Choice Cutout today, that 
hasn't happened since February 22, 2022.

5-AREA LV STR AVG(NEG)PR&WT: $232.20(1584) HIDE&OFFAL: $11.62 Unchg
CARCASS EQV INDEX    CHOICE (600-900#)      SELECT (600-900#)    HEAD
    SUPPLY (Live)      $350.39                $341.04          61,037
    DEMAND (Box)       $345.11                $346.05          55,886
    INDEX VALUE        $347.75  +0.29         $343.55  +3.24  116,923
BEEF CUTOUTS     CHOICE (600-900#)      SELECT (600-900#)
                       $357.11  +1.48         $358.05  +5.88
  51.50 LDS CH CUTS /  8.64 LDS SEL CUTS / 29.51 LDS TRIM / 12.85 LDS GROUND
DAILY CHOICE/SELECT SPREAD  -$0.94  TOTAL LOAD COUNT  103
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 01/09 $353.70 +11.55
 CUTTER 90%  350# UP C/O: $313.74 +4.34
 NAT'L BONELESS BF TRIM:  60.12 lds / Shrply lr on lt dem & hvy offers
90% TRIM: 22 lds: Wtd Avg: $402.69  / Sharply higher
FI KILL(WTD) MON 114(114)  WK AGO 115(115)  YR AGO 117(117)
            -PREV DAY BREAKDOWN: FRI SH67/CB19  SAT SH0/CB2-
                 WEEKLY CANADIAN CATTLE IMPORTS.
               WK ENDING  FEEDERS  SLAUGHTER S&H
  Week Ending:  12/27/25     659       5,717
  Week Ending:  12/20/25   2,145      12,860
   Change from prev week: -1,486      -7,143