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***THIS REPORT WILL NOT BE UPDATED ON MONDAY DUE TO THE MLK HOLIDAY***

St Joseph, MO         Fri, Jan 17, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES      HOGS       SHEEP
Friday 01/17/2020     (est)    116,000    2,000     464,000     4,000
Week ago (est)                 120,000    2,000     490,000     7,000
Year ago (act)                 117,000    3,000     454,000     7,000
Week to date (est)             604,000   11,000   2,454,000    37,000
Same Period Last Week (est)    608,000   11,000   2,477,000    37,000
Same Period Last Year (act)    601,000   13,000   2,344,000    36,000

Saturday 01/18/2020   (est)     27,000        0     120,000     1,000
Week ago (est)                  32,000        0     218,000         0
Year ago (act)                  25,000        0     144,000         0
Week to date (est)             631,000   11,000   2,574,000    38,000
Same Period Last Week (est)    640,000   11,000   2,695,000    37,000
Same Period Last Year*(act)    626,000   12,000   2,488,000    36,000
2020 Year to Date            1,600,000   27,000   6,667,000    91,000
2019 *Year to Date           1,715,000   33,000   6,899,000   100,000
Percent change                   -6.7%   -18.3%       -3.4%     -8.8%
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         95,000           27,000

INDEX
                      01/16  01/15  01/14  01/13  01/10  01/09  01/08
CATFAX FED 6 STATE   124.09 124.17 124.15 124.15 124.15 124.07 124.08
CATFAX FED 3 STATE   124.01 124.04 124.02 124.02 124.02 124.00 124.00
CME FEEDER           145.74 146.35 146.57 146.51 146.46+146.81 146.44
CME LEAN HOG         *60.45  60.15  59.53  59.00  58.99  59.36  59.56
3 Area LEAN HOG       58.63  58.26  57.90  57.50  57.68  57.26  57.87
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 17, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

01/17 AM CARCASS CUTOUT - $ 72.63   CHANGE  -2.82  TOTAL LD COUNT  234.07

01/17 PM CARCASS CUTOUT - $ 75.47   CHANGE  +0.02  TOTAL LD COUNT  396.04

CARLOT PORK -  OPEN 01/17          CARLOT PORK -  CLOSE 01/17
LOADS - CUTS  211.58 TRIM  22.49   LOADS - CUTS  362.40  TRIM 33.64
LOINS 1/4" Trim VAC       82.43    LOINS 1/4" Trim VAC       82.40
LOINS BNLS CC Strap On   102.96    LOINS BNLS CC Strap On   103.14
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#    80.00
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    78.56
       Trm Sel  23-27#    79.72           Trm Sel  23-27#    78.01
BELLIES  Skn-on 10-12#   194.30    BELLIES  Skn-on 10-12#   194.98
BOXED    Skn-on 12-14#   230.73    BOXED    Skn-on 12-14#   230.94

BEEF

Des Moines, IA        Fri, Jan 17, 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 higher on moderate to good demand and moderate 
offerings. Select and Choice rib and round cuts steady to firm while chuck 
cuts steady to weak. Select and Choice loin cuts firm to higher. Beef trimmings
sharply higher on good demand and moderate offerings.

BEEF CUTOUTS -  OPEN 01/17        BEEF CUTOUTS - CLOSE 01/17
CH 600-900# $213.99  +1.09        CH 600-900# $214.17  +1.27
SE 600-900# $213.45  +1.98        SE 600-900# $212.75  +1.28 
LOADS     38.90 - Choice Cuts     LOADS     61.49 - Choice Cuts
           5.14 - Select Cuts                9.86 - Select Cuts
           9.82 - Trimmings                  9.91 - Trimmings
           6.60 - Coarse Grinds             15.90 - Coarse Grinds

POULTRY

01/17 - 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

01/16 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 01/11      Week Ago     Yr Ago
                                     173,135      146,507    165,877

01/17 - Weekly National Whole Broiler/Fryer Report:  
National Composite Wtd Avg for the Week Ending: 01/17    Week Ago      Yr Ago
                                              $ 90.96     $ 91.46     $ 99.96
National Composite Wtd Avg for the Month of:  December -  $ 84.63

01/15 Weekly Egg Sets & Chicks Placed
Weekly Egg Sets for the week ending 01/11 - 239 million, up 4% from a year ago
Chick placement for the week ending 01/11 - 191 million, up 4% from a year ago

01/17 - Daily New York Eggs
Prices are steady. The undertone is steady. Supplies are moderate to instances
heavy for needs. Offerings slow and are light to moderate. Demand is mostly
moderate. Market activity is usually moderate.

Extra Large     76-80
Large           74-78
Medium          67-71

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