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           USDA MARKET NEWS--AFTERNOON CATTLE REPORT    06/19/26

          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

IOWA      CONFIRMED CASH SALES - TODAY:     34  WEEK TO DATE:      34
    STEERS DRESSED DELIVERED
          34          260.00-260.00       260.00-260.00       260.00
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          No reportable trade
    HEIFERS DRESSED FOB
          No reportable trade

COMMENTS The Daily Direct Slaughter Cattle - Negotiated Purchases 
afternoon reports, Beef Carcass Price Equivalent Index Value report, and 
the Daily Direct Slaughter Cattle Negotiated Weekly Summary reports have 
finally been released by the USDA. 

Just a handful of trade was reported by Mandatory in Iowa this afternoon, 
but for the most part bids and asking prices are yet to be established, 
and significant trade volume will likely be delayed until much later in 
the week.

See the Monday morning summary directly below this afternoons information.

5-AREA LV STR AVG(NEG)PR&WT: $259.63(1545) HIDE&OFFAL: $14.69 +0.05
CARCASS EQV INDEX    CHOICE (600-900#)      SELECT (600-900#)    HEAD
    SUPPLY (Live)      $390.09                $370.06          44,762
    DEMAND (Box)       $384.06                $363.59          35,632
    INDEX VALUE        $387.07  +4.30         $366.83  +3.32   80,394
BEEF CUTOUTS     CHOICE (600-900#)      SELECT (600-900#)
                       $396.06  +1.69         $375.59  +3.51 
  55.80 LDS CH CUTS /  4.77 LDS SEL CUTS /  8.58 LDS TRIM / 10.07 LDS GROUND
DAILY CHOICE/SELECT SPREAD  $20.47  TOTAL LOAD COUNT 79
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 06/19 $391.26 -0.50
 CUTTER 90%  350# UP C/O: $356.83 -5.97
 NAT'L BONELESS BF TRIM:  35.93 lds / Firm/slghtly lr on lt-mod dem & mod offs
90% TRIM: 13 lds: Wtd Avg: $456.94  / Sharply lower
FI KILL(WTD) MON 106(106)  WK AGO  99( 99)  YR AGO 111(111)
            -PREV DAY BREAKDOWN: FRI SH75/CB20  SAT SH5/CB0-
                 WEEKLY CANADIAN CATTLE IMPORTS.
               WK ENDING  FEEDERS  SLAUGHTER S&H
  Week Ending:  06/06/26   3,023       8,635
  Week Ending:  05/30/26   3,151       7,197
  Change from prev week:    -128      +1,438

WEEKLY DIRECT SLAUGHTER CATTLE - FOR THE WEEK ENDING: 06/19

WT AV LV  % CH   PRICE RANGE  VOLUME  WT AV DR   % CH   PRICE RANGE  VOL

KANSAS   FORMULA/FORWARD  69,060 / WTD    9,441 /  WEEKLY TOTAL  78,501
STEERS - LIVE FOB                     STEERS - DRESSED DELIVERED  
259.47   TOTAL  256.00-260.00  4,262  No reportable trade
STEERS - LIVE DELIVERED               STEERS - DRESSED FOB 
No reportable trade                   No reportable trade
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED 
259.52   TOTAL  257.00-260.00  2,542  No reportable trade
HEIFERS - LIVE DELIVERED              HEIFERS - DRESSED FOB 
No reportable trade                   No reportable trade

NEBRASKA FORMULA/FORWARD  39,928 / WTD   21,839 /  WEEKLY TOTAL  61,767
STEERS - LIVE FOB                     STEERS - DRESSED DELIVERED 
259.95   TOTAL  256.00-260.50  8,388  407.22   TOTAL  402.00-408.00  3,384
STEERS - LIVE DELIVERED               STEERS - DRESSED FOB 
No reportable trade                   408.00   TOTAL  408.00-408.00    411
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED 
259.58   TOTAL  256.00-260.00  2,098  406.72   TOTAL  405.00-408.00  1,449
HEIFERS - LIVE DELIVERED              HEIFERS - DRESSED FOB 
No reportable trade                   No reportable trade

TEXAS    FORMULA/FORWARD  72,492 / WTD    3,472 /  WEEKLY TOTAL  75,964
STEERS - LIVE FOB                     STEERS - DRESSED DELIVERED
259.00   TOTAL  256.00-260.00  1,206  No reportable trade
STEERS - LIVE DELIVERED               STEERS - DRESSED FOB
No reportable trade                   No reportable trade
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
259.59   TOTAL  258.00-260.00  1,150  No reportable trade
HEIFERS - LIVE DELIVERED              HEIFERS - DRESSED FOB
No reportable trade                   No reportable trade

SEE FRIDAY'S DAILY DIRECT SLAUGHTER CATTLE 
NEGOTIATED PURCHASES SUMMARIES BELOW
 
DTN COMMENTS:  Formula totals for last week were somewhat higher in Nebraska 
and higher in Kansas and Texas: KS 69,060(+4,517), NE 39,928(+929), TX 72,492 
(+1,898). Total trade volume was higher in all three major feeding states:  KS 
78,501(+7,193), NE 61,767(+7,476), TX 75,964(+1,706). Showlists appear to be 
higher in all major feeding states. Bids and asking prices are yet to be 
established, and significant trade volume will likely be delayed until the 
second half of the week.

DAILY DIRECT SLAUGHTER CATTLE-NEGOTIATED PURCHASES-SUMMARY
**Summary includes trade from 1:30 PM the previous day through 9:30 AM today.**

KANSAS    CONFIRMED CASH SALES:   9,406  WEEK TO DATE:   9,441
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
258.98   80+    258.00-260.00    859  No reportable trade
259.59   65-80  258.00-260.00  1,765
259.59   35-65  256.00-260.00  1,638

259.47   TOTAL  256.00-260.00  4,262 
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
No reportable trade                   No reportable trade
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
259.20   80+    257.00-260.00  1,284  No reportable trade
259.75   65-80  258.00-260.00    772
260.00   35-65  260.00-260.00    486

259.52   TOTAL  257.00-260.00  2,542
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
259.25   80+    257.00-260.00    160  No reportable trade

259.25   TOTAL  257.00-260.00    160

NEBRASKA  CONFIRMED CASH SALES:  21,502  WEEK TO DATE:  21,839
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
259.95   80+    256.00-260.50  8,388  407.37   80+    402.00-408.00  3,167

259.95   TOTAL  256.00-260.50  8,388  407.37   TOTAL  402.00-408.00  3,167
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
No reportable trade                   408.00   80+    408.00-408.00    411

                                      408.00   TOTAL  408.00-408.00    411
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
259.58   80+    256.00-260.00  2,098  406.69   80+    405.00-408.00  1,329

259.58   TOTAL  256.00-260.00  2,098  406.69   TOTAL  405.00-408.00  1,329
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
No reportable trade                   No reportable trade

TEXAS     CONFIRMED CASH SALES:   3,454  WEEK TO DATE:   3,472
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
259.51   80+    256.00-260.00    244  No reportable trade
258.90   65-80  258.00-260.00    925
258.00   35-65  258.00-258.00     37

259.00   TOTAL  256.00-260.00  1,206
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
No reportable trade                   No reportable trade
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
259.59   65-80  258.00-260.00  1,150  No reportable trade

259.59   TOTAL  258.00-260.00  1,150
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
No reportable trade                   No reportable trade

IOWA      CONFIRMED CASH SALES:  17,194  WEEK TO DATE:  17,689
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
259.55   80+    256.00-260.50  9,658  405.40   80+    405.00-408.00    299
256.00   65-80  256.00-256.00    120

259.51   TOTAL  256.00-260.50  9,778  405.40   TOTAL  405.00-408.00    299
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
259.32   80+    256.00-262.00    793  404.00   80+    404.00-404.00     40

259.32   TOTAL  256.00-262.00    793  404.00   TOTAL  404.00-404.00     40
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
259.12   80+    256.00-260.00  2,336  405.77   80+    405.00-408.00    156

259.12   TOTAL  256.00-260.00  2,336  405.77   TOTAL  405.00-408.00    156
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
259.25   80+    257.00-260.00    160  No reportable trade

259.25   TOTAL  257.00-260.00    160

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