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           USDA MARKET NEWS--AFTERNOON CATTLE REPORT    10/22/25

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    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

NEBRASKA  CONFIRMED CASH SALES - TODAY:     628  WEEK TO DATE:     748
    STEERS DRESSED DELIVERED
          No reportable dressed trade
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          No reportable dressed trade
    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
          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:   2,359  WEEK TO DATE:   2,384
    STEERS DRESSED DELIVERED
          78          372.00-372.00       372.00-372.00       372.00
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          No reportable dressed trade
    HEIFERS DRESSED FOB
          No reportable trade

COMMENTS: A fairly quiet day with a handful of dressed trade 
reported in parts of Iowa, but certainly not enough to establish an accurate 
trend for the week. Some live deals were reported in both Nebraska and Iowa 
at $239 to $240. The South remained at a complete standstill.

5-AREA LV STR AVG(NEG)PR&WT: $No Test      HIDE&OFFAL: $11.32 +0.27
CARCASS EQV INDEX    CHOICE (600-900#)      SELECT (600-900#)   HEAD    
    SUPPLY (Live)      $363.71                $343.82          67,467
    DEMAND (Box)       $358.65                $341.61          48,942
    INDEX VALUE        $361.18  -0.85         $342.71  +0.30  116,409
BEEF CUTOUTS     CHOICE (600-900#)      SELECT (600-900#)
                       $370.65  -1.28         $353.61  +1.04
  112.03 LDS CH CUTS / 24.05 LDS SEL CUTS /  7.03 LDS TRIM /  9.94 LDS GROUND
DAILY CHOICE/SELECT SPREAD  $17.04  TOTAL LOAD COUNT 153
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 10/17 $366.52 -0.69
 CUTTER 90%  350# UP C/O: $322.23 -0.77
 NAT'L BONELESS BF TRIM:  26.05 lds / Mostly shrply hr on gd dem & lt offers
 90% TRIM: 09 lds: Wtd Avg: $409.73 / Unevenly steady
FI KILL(WTD) WED 118(327)  WK AGO 122(348)  YR AGO 124(369)
             -PREVIOUS DAY BREAKDOWN: TUESDAY  SH94 / CB23- 
                 WEEKLY CANADIAN CATTLE IMPORTS.
               WK ENDING  FEEDERS  SLAUGHTER S&H
  Week Ending:  10/11/25   3,014      10,492
  Week Ending:  10/04/25   2,355      10,875
   Change from prev week:   +659        -383