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St Joseph, MO         Fri, Feb 21, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES      HOGS       SHEEP
Friday 02/21/2020     (est)    121,000    2,000     467,000     6,000
Week ago (est)                 111,000    2,000     481,000     6,000
Year ago (act)                 116,000    3,000     474,000     7,000
Week to date (est)             595,000   11,000   2,430,000    34,000
Same Period Last Week (est)    593,000   11,000   2,448,000    37,000
Same Period Last Year (act)    555,000   13,000   2,355,000    35,000

Saturday 02/22/2020   (est)     33,000        0     192,000         0
Week ago (est)                  27,000        0     148,000     1,000
Year ago (act)                  26,000        0     133,000     1,000
Week to date (est)             628,000   11,000   2,622,000    34,000
Same Period Last Week (est)    620,000   11,000   2,596,000    38,000
Same Period Last Year*(act)    581,000   12,000   2,487,000    36,000
2020 Year to Date            4,766,000   81,000  19,883,000   272,000
2019 *Year to Date           4,731,000   92,000  19,253,000   282,000
Percent change                    0.7%   -12.2%        3.3%     -3.6%
2020 *Totals subject to revision
2019 *Totals adjusted to reflect NASS revisions
Yearly totals may not add due to rounding
Previous day estimated            Steer and Heifer    Cow and Bull
                      Thursday         97,000            25,000

INDEX
                      02/20  02/19  02/18  02/17  02/14  02/13  02/12
CATFAX FED 6 STATE   119.83 119.61 118.92 119.08 119.08 119.85 119.95
CATFAX FED 3 STATE   120.00 120.00 118.96 118.98 118.98 119.74 119.74
CME FEEDER           142.08 141.95 141.10+141.20 140.72+140.60+140.52
CME LEAN HOG         *55.87  55.78  55.54  55.66  55.97  56.38  56.70
3 Area LEAN HOG       53.48  53.70  53.22  53.26  53.30  54.01  54.33
NA = Not Available
**NA = Not Available Due to Packer Submission Issues.
+ Before the CME Feeder price indicates a revision by the CME.
* = Projection. CME projected Lean Hog Index, is only an estimate that 
may vary one or two cents from actual.

NOTES: 3 AREA LEAN: 3 area lean value base cost for 51-52% lean hogs
CATFAX FED 6 STATES: Iowa, Colorado, Kansas, Nebraska, Texas, and Oklahoma
CATFAX FED 3 STATES: Kansas, Texas, and Oklahoma

PORK

Des Moines, IA        Fri, Feb 21, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

02/21 AM CARCASS CUTOUT - $ 64.12   CHANGE  -0.32  TOTAL LD COUNT  150.30

02/21 PM CARCASS CUTOUT - $ 65.00   CHANGE  +0.56  TOTAL LD COUNT  318.34

CARLOT PORK -  OPEN 02/21          CARLOT PORK -  CLOSE 02/21
LOADS - CUTS  139.78 TRIM  10.52   LOADS - CUTS  286.89  TRIM 31.45
LOINS 1/4" Trim VAC       88.67    LOINS 1/4" Trim VAC       88.45
LOINS BNLS CC Strap On   101.27    LOINS BNLS CC Strap On    99.88
HAMS - Trm Sel  17-20#    69.01    HAMS - Trm Sel  17-20#    68.91
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    67.78
       Trm Sel  23-27#  No Test           Trm Sel  23-27#    66.07
BELLIES  Skn-on 10-12#   175.58    BELLIES  Skn-on 10-12#   176.04
BOXED    Skn-on 12-14#   211.26    BOXED    Skn-on 12-14#   160.64

BEEF

Des Moines, IA        Fri, Feb 21, 2020      USDA Market News

NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales -
Afternoon - USDA ESTIMATED BOXED BEEF CUT-OUT VALUES - as of 1:30pm

Based on negotiated prices and volume of boxed beef cuts delivered within 0-21
days and on average industry cutting yields.  Values reflect U.S. dollars per
100 pounds.

Boxed beef cutout values firm on Choice and steady on Select on light to 
moderate demand and offerings. Select and Choice rib and chuck cuts steady to
weak while round and loin cuts steady to firm. Beef trimmings moderately to 
sharply lower on light demand and heavy offerings. 

BEEF CUTOUTS -  OPEN 02/21        BEEF CUTOUTS - CLOSE 02/21
CH 600-900# $204.75  +0.25        CH 600-900# $205.09  +0.59
SE 600-900# $201.60  +0.00        SE 600-900# $201.70  +0.10 
LOADS     29.76 - Choice Cuts     LOADS     50.68 - Choice Cuts
           9.65 - Select Cuts               13.41 - Select Cuts
          16.72 - Trimmings                 18.76 - Trimmings
           6.47 - Coarse Grinds             14.09 - Coarse Grinds

POULTRY

02/21 - Daily Turkey Market - Frozen 2019 Grade A basted equivalent 
processor offering prices on a national basis (for current deliveries).
 8-16 lb hens $94 to $102 cents FOB
16-24 lb toms $94 to $102 cents FOB

02/20 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 02/15      Week Ago     Yr Ago
                                     170,974      171,276    161,570

02/21 - Weekly National Whole Broiler/Fryer Report:  
National Composite Wtd Avg for the Week Ending: 02/21    Week Ago      Yr Ago
                                              $ 78.39     $ 81.62     $ 89.16
National Composite Wtd Avg for the Month of:  January -   $ 90.56

02/19 Weekly Egg Sets & Chicks Placed
Weekly Egg Sets for the week ending 02/15 - 238 million, up 3% from a year ago
Chick placement for the week ending 02/15 - 192 million, up 5% from a year ago

02/21 - Daily New York Eggs 
Prices end the week unchanged. The undertone is steady. Supplies are fully
sufficient for current needs. Offerings are moderate. Retail and distributive
is mostly moderate to fairly good. Market activity is moderate.

Extra Large    101-105
Large           99-103
Medium          80-84

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