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

                               CATTLE    CALVES      HOGS       SHEEP
Tuesday 01/28/2020    (est)    117,000    2,000     498,000     8,000
Week ago (est)                 123,000    2,000     493,000     9,000
Year ago (act)                 117,000    3,000     466,000     8,000
Week to date (est)             239,000    4,000     996,000    17,000
Same Period Last Week (est)    245,000    4,000     904,000    17,000
Same Period Last Year (act)    236,000    5,000     938,000    15,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Monday           97,000            25,000

INDEX
                      01/27  01/24  01/23  01/22  01/21  01/20  01/17
CATFAX FED 6 STATE   124.04 124.04 124.04 124.03 124.01 124.01 124.01
CATFAX FED 3 STATE   123.99 123.99 123.99 123.99 124.00 124.00 124.00
CME FEEDER           143.76+144.32 144.84 144.86 145.17 145.46 145.69
CME LEAN HOG         *61.74  61.64  61.53  61.29  61.02  60.18  60.14
3 Area LEAN HOG       60.21  59.61  59.59  59.48  59.27  58.96  58.54
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, Jan 28, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

01/28 AM CARCASS CUTOUT - $ 77.14   CHANGE  -0.12  TOTAL LD COUNT  259.05

01/28 PM CARCASS CUTOUT - $ 75.88   CHANGE  -1.38  TOTAL LD COUNT  425.39

CARLOT PORK -  OPEN 01/28          CARLOT PORK -  CLOSE 01/28
LOADS - CUTS  237.18 TRIM  21.86   LOADS - CUTS  384.42  TRIM 40.98
LOINS 1/4" Trim VAC       88.74    LOINS 1/4" Trim VAC       89.04
LOINS BNLS CC Strap On   109.29    LOINS BNLS CC Strap On   108.90
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#  No Test
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    74.37
       Trm Sel  23-27#    71.12           Trm Sel  23-27#    70.51
BELLIES  Skn-on 10-12#   218.35    BELLIES  Skn-on 10-12#   217.66
BOXED    Skn-on 12-14#   199.00    BOXED    Skn-on 12-14#   197.84

BEEF

Des Moines, IA        Tue, Jan 28, 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 on Choice and higher on Select on moderate to 
good demand and moderate to heavy offerings. Select and Choice chuck, round, 
and loin cuts steady to weak. Choice rib cuts steady while Select higher. 
Beef trimmings sharply lower on light demand and moderate offerings.

BEEF CUTOUTS -  OPEN 01/28        BEEF CUTOUTS - CLOSE 01/28
CH 600-900# $213.74  +0.15        CH 600-900# $212.85  -0.74
SE 600-900# $213.09  +2.59        SE 600-900# $212.16  +1.66 
LOADS     43.29 - Choice Cuts     LOADS     83.73 - Choice Cuts
           7.14 - Select Cuts               30.10 - Select Cuts
           0.00 - Trimmings                 10.44 - Trimmings
          10.76 - Coarse Grinds             28.33 - Coarse Grinds

POULTRY

01/28 - 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

01/28 - Daily New York Eggs
Extra Large and Large egg prices are 4 cents higher. Prices are 2 cents higher
for Medium. The undertone is higher. Supplies are mixed, ranging light to
heavy. The New York shell egg inventory is 18% higher than a week ago.
Offerings are light to moderate. Demand into all channels is moderate to good.
Market activity is moderate to active.

Extra Large    105-109
Large          103-107
Medium          78-82

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