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

          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:       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:       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:     105  WEEK TO DATE:     105
    STEERS DRESSED DELIVERED
          35          368.00-368.00       368.00-368.00       368.00
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          No reportable trade
    HEIFERS DRESSED FOB
          No reportable trade

COMMENTS:  A very typical Monday with the cash cattle trade at a 
near standstill (just a handful of steers traded in Iowa, but certainly not 
enough to establish any kind of an accurate trend for the week. Bids and 
asking prices have not been established, and significant trade volume will 
likely be delayed until much later in the week.

5-AREA LV STR AVG(NEG)PR&WT: $234.79(1586) HIDE&OFFAL: $11.70 Unchg
                      H&O for Friday 1/23/2026 was revised to $11.70
CARCASS EQV INDEX    CHOICE (600-900#)      SELECT (600-900#)    HEAD
    SUPPLY (Live)      $356.83                $347.66          59,449
    DEMAND (Box)       $356.90                $355.12          42,770
    INDEX VALUE        $356.86  +1.70         $351.39  +3.89  102,219
BEEF CUTOUTS     CHOICE (600-900#)      SELECT (600-900#)
                       $368.90  -0.02         $367.12  +4.73
  62.69 LDS CH CUTS / 11.01 LDS SEL CUTS / 10.22 LDS TRIM / 12.97 LDS GROUND
DAILY CHOICE/SELECT SPREAD   $1.78  TOTAL LOAD COUNT  97
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 01/23 $364.45 +3.52
 CUTTER 90%  350# UP C/O: $317.55 +1.01
 NAT'L BONELESS BF TRIM:  27.22 lds / Mostly shrply lr on lt dem & mod offers
90% TRIM: 09 lds: Wtd Avg: $405.22  / Firm
FI KILL(WTD) MON 100(100)  WK AGO 105(105)  YR AGO 113(113)
            -PREV DAY BREAKDOWN: FRI SH63/CB21  SAT SH2/CB2- 
                 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