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St Joseph, MO         Wed, Nov 20, 2019      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE     CALVES     HOGS       SHEEP
Wednesday 11/20/2019  (est)    117,000    3,000     493,000     7,000
Week ago (est)                 118,000    3,000     492,000     7,000
Year ago (act)                 121,000    3,000     476,000     6,000
Week to date (est)             353,000    7,000   1,480,000    23,000
Same Period Last Week (est)    349,000    7,000   1,428,000    24,000
Same Period Last Year (act)    363,000    8,000   1,432,000    27,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Tuesday          92,000            26,000

INDEX
                      11/19  11/18  11/15  11/14  11/13  11/12  11/11
CATFAX FED 6 STATE   115.06 115.06 115.06 114.85 114.72 114.59 114.59
CATFAX FED 3 STATE   115.00 115.00 115.00 114.75 114.68 114.48 114.48
CME FEEDER           146.62 146.54 146.69 147.12+147.59 147.44+147.24
CME LEAN HOG         *59.58  59.29  59.24  59.51  59.50  59.55  58.94
3 Area LEAN HOG       57.54  58.30  56.65  57.86  57.35  57.61  56.92
**NA = Not Available Due to Packer Submission Issues.
+ Before the CME Feeder price indicates a revision by the CME.

*DTN 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        Wed, Nov 20, 2019      USDA Market News

11/20 AM CARCASS CUTOUT - $ 87.60   CHANGE  +2.93  TOTAL LD COUNT  178.50

11/20 PM CARCASS CUTOUT - $ 86.58   CHANGE  +1.91  TOTAL LD COUNT  284.73

CARLOT PORK -  OPEN 11/20          CARLOT PORK -  CLOSE 11/20
LOADS - CUTS  135.12 TRIM  43.37   LOADS - CUTS  225.43  TRIM 59.30
LOINS 1/4" Trim VAC       79.85    LOINS 1/4" Trim VAC       80.37
LOINS BNLS CC Strap On   125.63    LOINS BNLS CC Strap On   124.12
HAMS - Trm Sel  17-20#   101.87    HAMS - Trm Sel  17-20#   103.65
       Trm Sel  20-23#    94.41           Trm Sel  20-23#    94.41
       Trm Sel  23-27#    93.66           Trm Sel  23-27#    92.82
BELLIES  Skn-on 10-12#   231.89    BELLIES  Skn-on 10-12#   232.83
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#   168.78

BEEF

Des Moines, IA        Wed, Nov 20, 2019      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 weak to lower on light to moderate demand and 
offerings. Select and Choice rib cuts steady while chuck, round, and loin
cuts steady to weak. Beef trimmings sharply lower on light demand and heavy
offerings.

BEEF CUTOUTS -  OPEN 11/20        BEEF CUTOUTS - CLOSE 11/20
CH 600-900# $239.62  +0.61        CH 600-900# $238.21  -0.80
SE 600-900# $216.20  +0.73        SE 600-900# $214.77  -0.70 
LOADS     43.39 - Choice Cuts     LOADS     62.09 - Choice Cuts
          11.29 - Select Cuts               18.36 - Select Cuts
          14.70 - Trimmings                 19.01 - Trimmings
           9.90 - Coarse Grinds             23.77 - Coarse Grinds

POULTRY

11/20 - Daily Turkey Market - Frozen 2019 Grade A basted equivalent 
processor offering prices on a national basis (for current deliveries).
 8-16 lb hens $95 to $103 cents FOB
16-24 lb toms $93 to $103 cents FOB

11/14 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 11/09      Week Ago     Yr Ago
                                     172,352      172,986    163,787

11/15 - Weekly National Whole Broiler/Fryer Report   
National Composite Wtd Avg for the Week Ending: 11/15    Week Ago      Yr Ago
                                              $ 78.31     $ 78.50     $ 87.75
Weekly National Whole Broiler/Fryer Report
National Composite Wtd Avg for the Month of:  October - $ 78.86

11/20 - Weekly Egg Sets & Chicks Placed 
Weekly Egg Sets for the week ending 11/16 - 235 million, up 3% from a year ago
Chick placement for the week ending 11/16 - 183 million, up 4% from a year ago

11/20 - Daily New York Eggs
Prices are unchanged on all sizes.  Trade sentiment is mostly steady to fully
steady. Supplies are light to moderate. Demand into all channels is moderate to
good. Offerings are light to moderate. Market activity is moderate to instances
active.

Extra Large    166-170
Large          164-168
Medium         107-111

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