St Joseph, MO         Tue, Feb 25, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES      HOGS       SHEEP
Tuesday 02/25/2020    (est)    124,000    2,000     495,000     7,000
Week ago (est)                 123,000    2,000     494,000     8,000
Year ago (act)                 118,000    2,000     473,000     8,000
Week to date (est)             242,000    4,000     990,000    14,000
Same Period Last Week (est)    230,000    4,000     979,000    15,000
Same Period Last Year (act)    233,000    4,000     829,000    16,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Monday           93,000            25,000

INDEX
                      02/24  02/21  02/20  02/19  02/18  02/17  02/14
CATFAX FED 6 STATE   119.81 119.82 119.83 119.61 118.92 119.08 119.08
CATFAX FED 3 STATE   120.00 120.00 120.00 120.00 118.96 118.98 118.98
CME FEEDER           139.72 141.02+142.07 141.95 141.10+141.20 140.72
CME LEAN HOG         *56.16  55.91  55.87  55.78  55.54  55.66  55.97
3 Area LEAN HOG       54.07  53.69  53.70  53.22  53.26  53.30  54.01
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        Tue, Feb 25, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

02/25 AM CARCASS CUTOUT - $ 65.88   CHANGE  -0.44  TOTAL LD COUNT  250.74

02/25 PM CARCASS CUTOUT - $ 65.97   CHANGE  -0.35  TOTAL LD COUNT  400.35

CARLOT PORK -  OPEN 02/25          CARLOT PORK -  CLOSE 02/25
LOADS - CUTS  235.87 TRIM  14.86   LOADS - CUTS  375.90  TRIM 24.44
LOINS 1/4" Trim VAC       89.83    LOINS 1/4" Trim VAC       89.52
LOINS BNLS CC Strap On    99.82    LOINS BNLS CC Strap On   100.46
HAMS - Trm Sel  17-20#    70.43    HAMS - Trm Sel  17-20#    69.70
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    68.61
       Trm Sel  23-27#    66.77           Trm Sel  23-27#    67.15
BELLIES  Skn-on 10-12#   170.04    BELLIES  Skn-on 10-12#   174.40
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#  No Test

BEEF

Des Moines, IA        Tue, Feb 25, 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 sharply lower on Select on light 
to moderate demand and offerings. Select and Choice rib, chuck, and round cuts 
steady to weak. Choice loin cuts firm while Select lower.  Beef trimmings not 
fully established.

BEEF CUTOUTS -  OPEN 02/25        BEEF CUTOUTS - CLOSE 02/25
CH 600-900# $207.27  +0.20        CH 600-900# $207.47  +0.40
SE 600-900# $201.85  -0.52        SE 600-900# $199.90  -2.47 
LOADS     33.52 - Choice Cuts     LOADS     61.59 - Choice Cuts
          14.77 - Select Cuts               37.10 - Select Cuts
           0.00 - Trimmings                  0.00 - Trimmings
          19.62 - Coarse Grinds             41.82 - Coarse Grinds

POULTRY

02/25 - 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 $102 cents FOB
16-24 lb toms $95 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

02/25 - Daily New York Eggs 
Prices are steady. The undertone is steady. Supplies are generally moderate.
The New York shell egg inventory is 5% lower than last Monday. Offerings are
moderate. Demand is mostly moderate. Market activity is moderate.

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