USDA MARKET NEWS--AFTERNOON CATTLE REPORT    01/23/26

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:   2,819  WEEK TO DATE:   3,213
    STEERS LIVE FOB
          1,001       233.00-235.00       233.00-235.00       234.16
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB
          1,093       232.00-235.00       232.00-235.00       233.35
    HEIFERS LIVE DELIVERED
          No reportable trade

NEBRASKA  CONFIRMED CASH SALES - TODAY:  18,773  WEEK TO DATE:  19,175
    STEERS DRESSED DELIVERED
          5,264       365.00-370.00       365.00-370.00       369.50
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          1,509       365.00-370.00       365.00-370.00       369.13
    HEIFERS DRESSED FOB
          No reportable trade

TEXAS     CONFIRMED CASH SALES - TODAY:   3,041  WEEK TO DATE:   3,041
    STEERS LIVE FOB
          847         233.00-236.50       233.00-236.50       235.24
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB
          856         233.00-236.00       233.00-236.00       235.46
    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:  14,510  WEEK TO DATE:  16,078
    STEERS DRESSED DELIVERED
          1,676       365.00-370.00       365.00-370.00       366.59
    STEERS DRESSED FOB
          318         364.00-369.00       364.00-369.00       367.16
    HEIFERS DRESSED DELIVERED
          No reportable trade
    HEIFERS DRESSED FOB
          No reportable trade

COMMENTS:  A light trade was reported in most areas today, with 
Southern live deals done at mostly $233 to $235, steady to $2 higher than 
last week's weighted averages. Dressed business in the North was marked at 
mostly $370, $5 higher than last week's weighted averages.

5-AREA LV STR AVG(NEG)PR&WT: $231.22(1500) HIDE&OFFAL: $11.56 Unchg
                             H&O was not released on Thursday 01/22/26 $11.56 
-0.03
CARCASS EQV INDEX    CHOICE (600-900#)      SELECT (600-900#)    HEAD
    SUPPLY (Live)      $353.41                $344.61          58,508
    DEMAND (Box)       $356.92                $350.39          41,629
    INDEX VALUE        $355.16  +0.70         $347.50  +0.30  100,137
BEEF CUTOUTS     CHOICE (600-900#)      SELECT (600-900#)
                       $368.92  +1.47         $362.39  +0.66
  82.07 LDS CH CUTS / 11.97 LDS SEL CUTS /  8.43 LDS TRIM / 20.37 LDS GROUND
DAILY CHOICE/SELECT SPREAD   $6.53  TOTAL LOAD COUNT 123
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 01/16 $360.93 +7.23
 CUTTER 90%  350# UP C/O: $316.54 -0.32
 NAT'L BONELESS BF TRIM:  23.97 lds / Weak to lower on lt dem & mod offers
90% TRIM: 00 lds: Wtd Avg: $No Test / Not fully established
FI KILL(WTD) FRI  84(531)  WK AGO  92(561)  YR AGO 110(591)
             SAT   4(535)  WK AGO   1(562)  YR AGO   3(594)
             -PREVIOUS DAY BREAKDOWN: THURSDAY SH91 / CB23- 
                 WEEKLY CANADIAN CATTLE IMPORTS.
               WK ENDING  FEEDERS  SLAUGHTER S&H
  Week Ending:  01/10/26   1,279      10,235
  Week Ending:  01/03/26     317       4,889
   Change from prev week:   +962      +5,346