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St Joseph, MO    Fri Feb 28, 2020     USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE   CALVES        HOGS     SHEEP
Friday 02/28/2020        (est  115,000    2,000     486,000     6,000
Week ago (est)                 121,000    2,000     467,000     6,000
Year ago (act)                 117,000    3,000     469,000     7,000
Week to date (est)             602,000   11,000   2,465,000    34,000
Same Period Last Week (est)    595,000   11,000   2,430,000    34,000
Same Period Last Year (act)    588,000   12,000   2,249,000    37,000

Saturday 02/29/2020      (est   25,000        0      91,000     1,000
Week ago (est)                  33,000        0     192,000         0
Year ago (act)                  21,000        0     189,000     1,000
Week to date (est)             627,000   11,000   2,556,000    35,000
Same Period Last Week (est)    628,000   11,000   2,622,000    34,000
Same Period Last Year* (act)   609,000   11,000   2,437,000    37,000
2020 Year to Date            5,394,000   91,000  22,433,000   306,000
2019 *Year to Date           5,340,000  104,000  21,690,000   319,000
Percent change                    1.0%   -12.2%        3.4%     -4.2%
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
                      02/27  02/26  02/25  02/24  02/21  02/20  02/19  
CATFAX FED 6 STATE   115.88 116.69 118.45 119.81 119.82 119.83 119.61 
CATFAX FED 3 STATE   115.00 115.50 118.06 120.00 120.00 120.00 120.00
CME FEEDER            x     138.03 139.61 139.72 141.02+142.07 141.95
CME LEAN HOG         *56.33  56.36  56.41  56.16  55.91  55.87  55.78  
3 Area LEAN HOG       54.20  54.14  54.23  54.07  53.69  53.70  53.22  
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, Feb 28, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

02/28 AM CARCASS CUTOUT - $ 65.30   CHANGE  +1.01  TOTAL LD COUNT  199.39

02/28 PM CARCASS CUTOUT - $ 64.12   CHANGE  -0.17  TOTAL LD COUNT  311.66

CARLOT PORK -  OPEN 02/28          CARLOT PORK -  CLOSE 02/28
LOADS - CUTS  184.77 TRIM  14.62   LOADS - CUTS  276.97  TRIM 34.68
LOINS 1/4" Trim VAC       89.63    LOINS 1/4" Trim VAC       89.67
LOINS BNLS CC Strap On    92.85    LOINS BNLS CC Strap On    93.48
HAMS - Trm Sel  17-20#    73.08    HAMS - Trm Sel  17-20#    72.89
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    68.92
       Trm Sel  23-27#    68.15           Trm Sel  23-27#    68.67
BELLIES  Skn-on 10-12#   175.35    BELLIES  Skn-on 10-12#   174.38
BOXED    Skn-on 12-14#   192.51    BOXED    Skn-on 12-14#   120.79

BEEF

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 steady on Choice and lower on Select on light to 
moderate 
demand and moderate offerings. Select and Choice rib, chuck, round, and loin 
cuts 
steady to weak. 

BEEF CUTOUTS -  OPEN 02/28        BEEF CUTOUTS - CLOSE 02/28
CH 600-900# $205.30  -0.24        CH 600-900# $205.30  -0.24
SE 600-900# $200.55  +0.86        SE 600-900# $198.91  -0.78 
LOADS     36.41 - Choice Cuts     LOADS     58.22 - Choice Cuts
           7.75 - Select Cuts               14.86 - Select Cuts
           5.65 - Trimmings                  8.67 - Trimmings
          12.66 - Coarse Grinds             21.97 - 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

02/28 - Weekly National Whole Broiler/Fryer Report:  
National Composite Wtd Avg for the Week Ending: 02/28    Week Ago      Yr Ago
                                              $ 78.71     $ 78.39     $ 87.96
National Composite Wtd Avg for the Month of:  February -  $ 80.64

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

02/28 - Daily New York Eggs 
Prices are 3 cents higher for Medium.  Extra Large and Large prices are         
unchanged.  The undertone is steady to fully steady.  Supplies are light 
to moderate.  Offerings are moderate.  Demand is mostly moderate.  Market       
   
activity is moderate.

Extra Large    101-105
Large           99-103
Medium          87-91

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