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           USDA MARKET NEWS--AFTERNOON CATTLE REPORT    11/25/20


          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:  13,036  WEEK TO DATE: 13,036
    STEERS LIVE FOB
          8,108       110.00-111.00       110.00-111.00      110.99
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB
          3,346       108.50-111.00       108.50-111.00      111.90
    HEIFERS LIVE DELIVERED
          No reportable trade

NEBRASKA  CONFIRMED CASH SALES - TODAY:   7,484  WEEK TO DATE: 8,254
    STEERS DRESSED DELIVERED
          3,150       171.00-174.00       171.00-174.00      173.18
    STEERS DRESSED FOB
          35          172.00-172.00       172.00-172.00      172.00  
    HEIFERS DRESSED DELIVERED
          1,505       172.00-174.00       172.00-174.00      173.82
    HEIFERS DRESSED FOB
          No reportable trade
 
TEXAS     CONFIRMED CASH SALES - TODAY:   2,573  WEEK TO DATE:  2,573
    STEERS LIVE FOB
          825         110.75-111.00       110.75-111.00      110.93
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB
          1,451       111.00-111.00       111.00-111.00      111.00
    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
          No reportable trade
    HEIFERS LIVE FOB
          NA Due to Confidentiality
    HEIFERS LIVE DELIVERED
          No reportable trade

IOWA      CONFIRMED CASH SALES - TODAY:   5,110  WEEK TO DATE:  16,175
    STEERS DRESSED DELIVERED
          1,557       171.00-174.00       171.00-174.00      173.82
    STEERS DRESSED FOB
          102         170.00-171.00       170.00-171.00      170.67
    HEIFERS DRESSED DELIVERED
          816         172.00-174.00       172.00-174.00      173.21
    HEIFERS DRESSED FOB
          126         171.00-171.00       171.00-171.00      171.00 

COMMENTS: There's been some cash cattle trade but thus far it's only been a 
light movement at steady to $1.00 higher than a week ago. The futures market 
has 
really supported cash sellers and higher boxed beef prices will keep packers 
encouraged to keep buying and processing. Achieving $113 by the end of the week 
isn't 
out of the question if feedlots don't weaken late Wednesday evening and 
continue to 
rally together. 


5-AREA LV STR AVG(FOB)PR&WT: $109.37 (1523) HIDE&OFFAL: $8.45 Unchgd
CARCASS EQV INDEX   CHOICE (600-900#)   SELECT (600-900#)    #OF HD
   LIVE BASED         $164.33             $146.70            89,374
   BOX BASED          $233.06             $208.90            49,190
   AVE INDEX          $198.69  +0.35      $177.80  +0.57    138,564
BEEF CUTOUTS        CHOICE (600-900#)   SELECT (600-900#)
                      $245.06  +0.76      $220.90  +1.19
   75.79 LDS CH CUTS / 18.62 LDS SEL CUTS /  8.20 LDS TRIM / 13.61 LDS GROUND
BOXED BEEF TREND: Not available due to changes on USDA reports
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 11/20 $226.48 +10.82
 CUTTER 90%  350# UP C/O: $166.82 -1.23 
NAT'L BONELESS BF TRIM:  61.03 lds / Mostly sharply lower
 90% TRIM: 30 lds: Wtd Avg $200.90 / Sharply lwr on lgt dem-offers
FI KILL(WTD) WED 118(360) WK AGO 119(359) YR AGO 119(348) MIX: TUES SH96/CB26
                       WEEKLY CANADIAN CATTLE IMPORTS.
                           FEEDERS  SLAUGHTER S&H
   Week Ending:  11/14/20   3,307       10,751   
   Week Ending:  11/07/20   3,160       11,349
   Change from prev week:    +147         -598

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