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           USDA MARKET NEWS--AFTERNOON CATTLE REPORT    02/12/26

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:       0  WEEK TO DATE:    263
    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:      72  WEEK TO DATE:      72
    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:      38  WEEK TO DATE:      38
    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:    Another rather quiet day in cash cattle country with 
business at a virtual standstill. Some asking prices were noted in Texas at 
$245 to $247. Significant trade volume will be delayed until sometime 
Friday.

5-AREA LV STR AVG(NEG)PR&WT: $No Test      HIDE&OFFAL: $11.86 +0.01
CARCASS EQV INDEX    CHOICE (600-900#)      SELECT (600-900#)    HEAD
    SUPPLY (Live)      $366.50                $357.15          51,647
    DEMAND (Box)       $352.84                $351.03          33,119
    INDEX VALUE        $359.67  -0.53         $354.09  +0.23   84,766
BEEF CUTOUTS     CHOICE (600-900#)      SELECT (600-900#)
                       $364.84  -1.08         $363.03  +0.45
  70.76 LDS CH CUTS /  5.88 LDS SEL CUTS / 10.31 LDS TRIM / 14.32 LDS GROUND
DAILY CHOICE/SELECT SPREAD   $1.81  TOTAL LOAD COUNT 101
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 02/06 $366.50 -0.05
 CUTTER 90%  350# UP C/O: $328.59 +4.50
 NAT'L BONELESS BF TRIM:  70.96 lds / Shrply hr on gd dem & mod offers
90% TRIM: 17 lds: Wtd Avg:  $424.97 / Mostly sharply  higher
FI KILL(WTD) THU 115(454)  WK AGO 114(450)  YR AGO 116(455)
            -PREVIOUS DAY BREAKDOWN: WEDNESDAY  SH94 / CB22- 
                 WEEKLY CANADIAN CATTLE IMPORTS.
               WK ENDING  FEEDERS  SLAUGHTER S&H
  Week Ending:  01/31/26   1,634       9,483
  Week Ending:  01/24/26   1,974      11,381
   Change from prev week:   -340      -1,898