USDA MARKET NEWS--AFTERNOON CATTLE REPORT    12/03/25

          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:       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:     222
    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:  It was another quiet day in cash cattle country with 
business at a complete standstill. Some asking prices were noted in the South 
at $225, but they remain unestablished in the North. Bids remain very 
elusive. Significant trade volume will likely be delayed until Thursday 
and/or Friday.

5-AREA LV STR AVG(NEG)PR&WT: $No Test      HIDE&OFFAL: $11.52 Unchg
CARCASS EQV INDEX    CHOICE (600-900#)      SELECT (600-900#)   HEAD    
    SUPPLY (Live)      $319.78                $301.72          46,872
    DEMAND (Box)       $351.81                $341.12          45,388
    INDEX VALUE        $335.80  -0.36         $321.42  +1.27   92,260
BEEF CUTOUTS     CHOICE (600-900#)      SELECT (600-900#)
                       $363.81  -0.91         $353.12  +2.34
 102.66 LDS CH CUTS / 14.23 LDS SEL CUTS /  7.25 LDS TRIM / 15.46 LDS GROUND
DAILY CHOICE/SELECT SPREAD  $10.69  TOTAL LOAD COUNT 140
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 11/28 $370.27 -1.65
 CUTTER 90%  350# UP C/O: $313.56 +0.63
 NAT'L BONELESS BF TRIM:  19.32 lds / Mostly firm to higher
90% TRIM: 06 lds: Wtd Avg: $401.31  / Shrply hr on gd dem & lt-mod offers
FI KILL(WTD) WED 117(354)  WK AGO 124(369)  YR AGO 124(367)
             -PREVIOUS DAY BREAKDOWN: TUESDAY  SH98 / CB24-                     
                
                 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