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St Joseph, MO         Thu, Feb 27, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES      HOGS       SHEEP
Thursday 02/27/2020   (est)    122,000    2,000     494,000     7,000
Week ago (est)                 122,000    2,000     492,000     7,000
Year ago (act)                 119,000    2,000     475,000     7,000
Week to date (est)             487,000    9,000   1,979,000    28,000
Same Period Last Week (est)    474,000    9,000   1,963,000    28,000
Same Period Last Year (act)    471,000    9,000   1,780,000    30,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Wednesday        96,000            27,000
INDEX
                      02/26  02/25  02/24  02/21  02/20  02/19  02/18
CATFAX FED 6 STATE   116.69 118.45 119.81 119.82 119.83 119.61 118.92
CATFAX FED 3 STATE   115.50 118.06 120.00 120.00 120.00 120.00 118.96
CME FEEDER           138.04 139.61 139.72 141.02+142.07 141.95 141.10
CME LEAN HOG         *56.36  56.41  56.16  55.91  55.87  55.78  55.54
3 Area LEAN HOG       54.14  54.23  54.07  53.69  53.70  53.22  53.26
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        Thu, Feb 27, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

02/27 AM CARCASS CUTOUT - $ 66.43   CHANGE  +1.94  TOTAL LD COUNT  194.84

02/27 PM CARCASS CUTOUT - $ 64.29   CHANGE  -0.20  TOTAL LD COUNT  329.70

CARLOT PORK -  OPEN 02/27          CARLOT PORK -  CLOSE 02/27
LOADS - CUTS  174.04 TRIM  20.80   LOADS - CUTS  297.62  TRIM 32.08
LOINS 1/4" Trim VAC       87.68    LOINS 1/4" Trim VAC       89.39
LOINS BNLS CC Strap On    94.53    LOINS BNLS CC Strap On    95.05
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#  No Test
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    68.66
       Trm Sel  23-27#    69.41           Trm Sel  23-27#    69.02
BELLIES  Skn-on 10-12#   169.21    BELLIES  Skn-on 10-12#   170.52
BOXED    Skn-on 12-14#   212.34    BOXED    Skn-on 12-14#   165.71

BEEF

Des Moines, IA        Thu, Feb 27, 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 Choice and higher on Select on light to 
moderate demand and moderate to heavy offerings. Select and Choice rib, chuck,
and round cuts steady to firm. Choice loin cuts steady while Select higher. 
Beef trimmings not fully established.

BEEF CUTOUTS -  OPEN 02/27        BEEF CUTOUTS - CLOSE 02/27
CH 600-900# $205.84  -0.50        CH 600-900# $205.54  -0.80
SE 600-900# $199.84  +1.24        SE 600-900# $199.69  +1.09 
LOADS     77.45 - Choice Cuts     LOADS    122.19 - Choice Cuts
          11.67 - Select Cuts               34.12 - Select Cuts
           0.00 - Trimmings                  0.00 - Trimmings
          12.06 - Coarse Grinds             25.50 - Coarse Grinds

POULTRY

02/27 - 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

02/27 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 02/22      Week Ago     Yr Ago
                                     169,956      170,974    160,194

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

02/27 - Daily New York Eggs 
Prices are 4 cents higher for Medium, steady for larger sizes. The undertone
Is steady to full steady. Supplies are generally light to moderate. Current 
offerings are moderate. Demand into all channels is mostly moderate. Market 
activity is moderate.

Extra Large    101-105
Large           99-103
Medium          84-88

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