St Joseph, MO         Wed, Feb 26, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES       HOGS      SHEEP
Wednesday 02/26/2020  (est)    123,000    3,000     495,000     7,000
Week ago (est)                 122,000    3,000     492,000     6,000
Year ago (act)                 119,000    3,000     476,000     7,000
Week to date (est)             365,000    7,000   1,485,000    21,000
Same Period Last Week (est)    352,000    7,000   1,471,000    21,000
Same Period Last Year (act)    352,000    7,000   1,305,000    23,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Tuesday          98,000            26,000

INDEX
                      02/25  02/24  02/21  02/20  02/19  02/18  02/17
CATFAX FED 6 STATE   118.45 119.81 119.82 119.83 119.61 118.92 119.08
CATFAX FED 3 STATE   118.06 120.00 120.00 120.00 120.00 118.96 118.98
CME FEEDER           139.61 139.72 141.02+142.07 141.95 141.10+141.20
CME LEAN HOG         **NA    56.16  55.91  55.87  55.78  55.54  55.66
3 Area LEAN HOG      **NA    54.07  53.69  53.70  53.22  53.26  53.30
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        Wed, Feb 26, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

02/26 AM CARCASS CUTOUT - $ 64.70   CHANGE  -1.27  TOTAL LD COUNT  191.36

02/26 PM CARCASS CUTOUT - $ 64.49   CHANGE  -1.48  TOTAL LD COUNT  317.19

CARLOT PORK -  OPEN 02/26          CARLOT PORK -  CLOSE 02/26
LOADS - CUTS  167.42 TRIM  23.93   LOADS - CUTS  273.81  TRIM 43.38
LOINS 1/4" Trim VAC       88.56    LOINS 1/4" Trim VAC       89.33
LOINS BNLS CC Strap On    95.54    LOINS BNLS CC Strap On    96.06
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#  No Test
       Trm Sel  20-23#    72.46           Trm Sel  20-23#    72.46
       Trm Sel  23-27#    67.27           Trm Sel  23-27#    67.07
BELLIES  Skn-on 10-12#   173.42    BELLIES  Skn-on 10-12#   174.68
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#   150.47

BEEF

Des Moines, IA        Wed, Feb 26, 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 lower on light demand and heavy offerings. Select and 
Choice rib, round, and loin cuts steady to weak while chuck cuts weak to lower.

BEEF CUTOUTS -  OPEN 02/26        BEEF CUTOUTS - CLOSE 02/26
CH 600-900# $206.32  -1.15        CH 600-900# $206.34  -1.13
SE 600-900# $199.02  -0.88        SE 600-900# $198.60  -1.30 
LOADS     73.25 - Choice Cuts     LOADS    103.73 - Choice Cuts
          17.15 - Select Cuts               27.38 - Select Cuts
           5.71 - Trimmings                 18.00 - Trimmings
           7.37 - Coarse Grinds             15.11 - Coarse Grinds

POULTRY

02/26 - 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

02/26 Weekly Egg Sets & Chicks Placed
Weekly Egg Sets for the week ending 02/22 - 239 million, up 3% from a year ago
Chick placement for the week ending 02/22 - 190 million, up 5% from a year ago

02/26 - Daily New York Eggs 
Prices are steady with a steady undertone. Supplies vary and are generally
light to moderate. Current offerings remain moderate. Demand into all channels
is mostly moderate. Market activity is moderate.

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