USDA is updating its cash cattle market reports, starting with the October 26, 2026 afternoon reports, to add a regional report covering Colorado, Texas, New Mexico, Oklahoma and Kansas. Negotiated cash trade has fallen to under 18% of transactions in 2025 as formula purchasing has grown.
Greater transparency in cash cattle pricing may improve price discovery for cattle buyers and sellers, with limited direct effect on prices.
After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.