USDA MARKET NEWS--AFTERNOON CATTLE REPORT    10/31/25

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:     295  WEEK TO DATE:   1,020
    STEERS LIVE FOB
          155         235.00-235.00       235.00-235.00       235.00
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB          
          63          235.00-235.00       235.00-235.00       235.00
    HEIFERS LIVE DELIVERED
          No reportable trade

NEBRASKA  CONFIRMED CASH SALES - TODAY:   2,325  WEEK TO DATE:  23,361
    STEERS DRESSED DELIVERED
          No reportable dressed trade
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          No reportable trade
    HEIFERS DRESSED FOB
          No reportable trade

TEXAS     CONFIRMED CASH SALES - TODAY:     881  WEEK TO DATE:     699
    STEERS LIVE FOB
          88          235.00-235.00       235.00-235.00       235.00
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB
          No reportable 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:   1,259  WEEK TO DATE:  15,844
    STEERS DRESSED DELIVERED
          34          360.00-360.00       360.00-360.00       360.00
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          No reportable dressed trade
    HEIFERS DRESSED FOB
          91          360.00-360.00       360.00-360.00       360.00

COMMENTS:  This week Northern dressed deals were marked at mostly 
$358 to $360, $9 to $11 lower than the prior week's weighted average basis 
Nebraska. Southern live trade was very light and scattered, and was done at 
mostly $235, $3 to $4 lower than last week's weighted averages.

5-AREA LV STR AVG(NEG)PR&WT: $233.07(1527) HIDE&OFFAL: $11.40 +0.11
CARCASS EQV INDEX    CHOICE (600-900#)      SELECT (600-900#)   HEAD    
    SUPPLY (Live)      $354.68                $335.53          80,048
    DEMAND (Box)       $366.13                $346.65          44,406
    INDEX VALUE        $360.40  -0.30         $341.09  -0.66  124,454
BEEF CUTOUTS     CHOICE (600-900#)      SELECT (600-900#)
                       $378.13  -0.14         $358.65  -0.87
   82.58 LDS CH CUTS / 14.00 LDS SEL CUTS /  8.33 LDS TRIM /  9.88 LDS GROUND
DAILY CHOICE/SELECT SPREAD  $19.48  TOTAL LOAD COUNT 115
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 10/24 $370.86 +4.34
 CUTTER 90%  350# UP C/O: $318.79 -0.66
 NAT'L BONELESS BF TRIM:  16.37 lds / Not available
 90% TRIM: 04 lds: Wtd Avg: $403.11 / Not available
FI KILL(WTD) FRI  98(555)  WK AGO 110(556)  YR AGO 118(610)
             SAT   4(559)  WK AGO  17(573)  YR AGO   6(616)
             -PREVIOUS DAY BREAKDOWN: THURSDAY SH91 / CB23- 
                 WEEKLY CANADIAN CATTLE IMPORTS.
               WK ENDING  FEEDERS  SLAUGHTER S&H
  Week Ending:  10/18/25   1,069       9,288
  Week Ending:  10/11/25   3,014      10,492
   Change from prev week: -1,945      -1,204