USDA MARKET NEWS--AFTERNOON CATTLE REPORT    02/25/20

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:   3,013   WEEK TO DATE:   3,013
    STEERS LIVE FOB
          1,746       115.00-115.00       115.00-115.00       115.00
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB
          831         115.00-115.00       115.00-115.00       115.00
    HEIFERS LIVE DELIVERED
          No reportable trade

NEBRASKA  CONFIRMED CASH SALES - TODAY:   7,489   WEEK TO DATE:    7,742
    STEERS DRESSED DELIVERED
          4,336       185.00-187.00       186.00-187.00       186.24
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          2,094       185.00-187.00       186.00-187.00       185.72
    HEIFERS DRESSED FOB
          No reportable trade
 
TEXAS     CONFIRMED CASH SALES - TODAY:       0   WEEK TO DATE:       0
    STEERS LIVE FOB
          No reportable trade
    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
          Trade not available due to confidentiality
    STEERS LIVE DELIVERED
          Trade not available due to confidentiality
    HEIFERS LIVE FOB
          Trade not available due to confidentiality
    HEIFERS LIVE DELIVERED
          Trade not available due to confidentiality

IOWA      CONFIRMED CASH SALES - TODAY:   1,906  WEEK TO DATE:    5,564
    STEERS DRESSED DELIVERED
          840         185.00-187.00       185.00-187.00       185.87
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          400         186.00-186.00       186.00-186.00       186.00
    HEIFERS DRESSED FOB
          No reportable trade

COMMENTS: A light trade developed in parts of both the North and the 
South this afternoon. Northern dressed trade was at mostly $187, roughly $3 
lower than last week's weighted average basis Nebraska. Southern live biz 
was at $115, generally $5 lower than the prior week's weighted averages. 
According to the Mandatory reports listed above trade volume totals look 
very light, but tomorrow's summaries will likely show somewhat higher trade 
volume totals as much of today's trade was done after Mandatory cutoff time. 
This early trade seems to be due in part to another round of sharply lower 
cattle futures and outside markets, due to growing coronavirus concerns.

5-AREA LV STR AVG(FOB)PR&WT: $116.44(1535) HIDE&OFFAL: $8.93 Unchg
CARCASS EQV INDEX   CHOICE (600-900#)   SELECT (600-900#)    #OF HD
 LIVE BASED           $180.31             $174.62             80,416
 BOX BASED            $195.47             $187.90             52,055
 AVE INDEX            $187.89  +0.09      $181.26  -1.34     132,471
 BEEF CUTOUTS        CHOICE (600-900#)   SELECT (600-900#)
                      $207.47  +0.40      $199.90  -2.47
  61.59 LDS CH CUTS / 37.10 LDS SEL CUTS /  0.00 LDS TRIM / 41.82 LDS GROUND
BOXED BEEF TREND: Frm on Ch & shrply lr on Sel on lt-mod dem & offers
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 02/21 $210.86 -0.87
 CUTTER 90%  350# UP C/O: $180.67 +2.68
 NAT'L BONELESS BF TRIM: 22.58 lds / Not fully established
 90% TRIM: 10 lds: Wtd Avg $234.76 / Sharply lower
FI KILL(WTD) TUE 124(242) WK AGO 123(230) YR AGO 118(233) MIX: MON SH93/CB25
                        WEEKLY CANADIAN CATTLE IMPORTS.
                           FEEDERS  SLAUGHTER S&H
   Week Ending:  02/08/20   1,897       10,915   
   Week Ending:  02/01/20   1,869       11,784
   Change from prev week:     +28         -869