St Joseph, MO         Fri, Jan 24, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES       HOGS      SHEEP
Friday 01/24/2020     (est)    122,000    2,000     494,000     4,000
Week ago (est)                 116,000    2,000     440,000     4,000
Year ago (act)                 117,000    3,000     469,000     7,000
Week to date (est)             612,000   11,000   2,388,000    36,000
Same Period Last Week (est)    604,000   11,000   2,430,000    37,000
Same Period Last Year (act)    583,000   11,000   2,275,000    37,000

Saturday 01/25/2020   (est)     35,000        0     332,000     1,000
Week ago (est)                  27,000        0      70,000     1,000
Year ago (act)                  25,000        0     212,000     1,000
Week to date (est)             647,000   11,000   2,720,000    37,000
Same Period Last Week (est)    631,000   11,000   2,500,000    38,000
Same Period Last Year*(act)    608,000   11,000   2,487,000    38,000
2020 Year to Date            2,250,000   39,000   9,313,000   127,000
2019 *Year to Date           2,323,000   44,000   9,386,000   138,000
Percent change                   -3.2%   -12.2%       -0.8%     -7.9%
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         96,000           26,000

INDEX
                      01/23  01/22  01/21  01/20  01/17  01/16  01/15
CATFAX FED 6 STATE   124.04 124.03 124.01 124.01 124.01 124.09 124.17
CATFAX FED 3 STATE   123.99 123.99 124.00 124.00 124.00 124.01 124.04
CME FEEDER           144.84 144.86 145.17 145.46 145.69 145.67 146.35
CME LEAN HOG         *61.53  61.29  61.02  60.18  60.14  60.45  60.15
3 Area LEAN HOG       59.59  59.48  59.27  58.96  58.54  58.63  58.26
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        Fri, Jan 24, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

01/24 AM CARCASS CUTOUT - $ 77.60   CHANGE  -1.24  TOTAL LD COUNT  119.17

01/24 PM CARCASS CUTOUT - $ 77.38   CHANGE  -1.46  TOTAL LD COUNT  298.26

CARLOT PORK -  OPEN 01/24          CARLOT PORK -  CLOSE 01/24
LOADS - CUTS  104.96 TRIM  14.21   LOADS - CUTS  266.40  TRIM 31.86
LOINS 1/4" Trim VAC       91.43    LOINS 1/4" Trim VAC       89.40
LOINS BNLS CC Strap On   108.80    LOINS BNLS CC Strap On   109.41
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#  No Test
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    81.02
       Trm Sel  23-27#    78.20           Trm Sel  23-27#    78.33
BELLIES  Skn-on 10-12#   214.47    BELLIES  Skn-on 10-12#   218.42
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#   179.24

BEEF

Des Moines, IA        Fri, Jan 24, 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 weak to lower on light to moderate demand and moderate 
offerings. Select and Choice rib, chuck, and round cuts steady to weak while 
loin cuts steady to firm. Beef trimmings sharply lower on light demand and 
offerings.

BEEF CUTOUTS -  OPEN 01/24        BEEF CUTOUTS - CLOSE 01/24
CH 600-900# $214.78  -0.54        CH 600-900# $214.49  -0.83
SE 600-900# $210.44  -0.76        SE 600-900# $210.70  -0.50 
LOADS     38.97 - Choice Cuts     LOADS     62.84 - Choice Cuts
           6.53 - Select Cuts               16.18 - Select Cuts
           5.57 - Trimmings                  5.57 - Trimmings
           4.79 - Coarse Grinds             15.11 - Coarse Grinds

POULTRY

01/24 - Daily Turkey Market - Frozen 2019 Grade A basted equivalent 
processor offering prices on a national basis (for current deliveries).
 8-16 lb hens $91 to $100 cents FOB
16-24 lb toms $91 to $100 cents FOB

01/23 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 01/11      Week Ago     Yr Ago
                                     173,135      146,507    165,877

01/24 - Weekly National Whole Broiler/Fryer Report:  
National Composite Wtd Avg for the Week Ending: 01/24    Week Ago      Yr Ago
                                              $ 90.90     $ 90.96     $ 94.22
National Composite Wtd Avg for the Month of:  December -  $ 84.63

01/22 Weekly Egg Sets & Chicks Placed
Weekly Egg Sets for the week ending 01/18 - 237 million, up 4% from a year ago
Chick placement for the week ending 01/18 - 191 million, up 4% from a year ago

01/24 - Daily New York Eggs
Prices are 5 cent higher for larger sizes, 3 cents higher for Medium. The
undertone is higher. Supplies and offerings are light to moderate for current
needs. Demand is moderate to fairly good. Market activity is moderate to 
active.

Extra Large     97-101
Large           95-99
Medium          75-79