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St Joseph, MO         Thu, Nov 21, 2019      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES      HOGS       SHEEP
Thursday 11/21/2019   (est)    118,000    2,000     484,000     7,000
Week ago (est)                 118,000    2,000     488,000     7,000
Year ago (act)                   2,000        0       1,000         0
Week to date (est)             471,000    9,000   1,964,000    30,000
Same Period Last Week (est)    467,000    9,000   1,916,000    31,000
Same Period Last Year (act)    365,000    8,000   1,433,000    27,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Wednesday       90,000            27,000

INDEX
                      11/20  11/19  11/18  11/15  11/14  11/13  11/12
CATFAX FED 6 STATE   115.76 115.06 115.06 115.06 114.85 114.72 114.59
CATFAX FED 3 STATE   115.88 115.00 115.00 115.00 114.75 114.68 114.48
CME FEEDER           145.86+146.27 146.54 146.69 147.12+147.59 147.44
CME LEAN HOG         *59.54  59.58  59.29  59.24  59.51  59.50  59.55
3 Area LEAN HOG       58.25  57.54  58.30  56.65  57.86  57.35  57.61
**NA = Not Available Due to Packer Submission Issues.
+ Before the CME Feeder price indicates a revision by the CME.

*DTN 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, Nov 21, 2019      USDA Market News

11/21 AM CARCASS CUTOUT - $ 80.53   CHANGE  -6.05  TOTAL LD COUNT  156.82

11/21 PM CARCASS CUTOUT - $ 81.47   CHANGE  -5.11  TOTAL LD COUNT  274.32

CARLOT PORK -  OPEN 11/21          CARLOT PORK -  CLOSE 11/21
LOADS - CUTS  136.01 TRIM  20.81   LOADS - CUTS  237.45  TRIM 36.86
LOINS 1/4" Trim VAC       79.62    LOINS 1/4" Trim VAC       80.69
LOINS BNLS CC Strap On   123.35    LOINS BNLS CC Strap On   123.27
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#    96.17
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    98.01
       Trm Sel  23-27#    89.47           Trm Sel  23-27#    87.70
BELLIES  Skn-on 10-12#   232.70    BELLIES  Skn-on 10-12#   232.48
BOXED    Skn-on 12-14#   238.28    BOXED    Skn-on 12-14#   237.87

BEEF

Des Moines, IA        Thu, Nov 21, 2019      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 sharply lower on light demand and moderate offerings. 
Select and Choice round and loin cuts weak to lower. Choice rib and chuck cuts
lower while Select steady. Beef trimmings sharply lower on light demand and 
heavy offerings.

BEEF CUTOUTS -  OPEN 11/21        BEEF CUTOUTS - CLOSE 11/21
CH 600-900# $236.13  -2.08        CH 600-900# $234.86  -3.35
SE 600-900# $213.56  -1.21        SE 600-900# $213.86  -0.91 
LOADS     45.29 - Choice Cuts     LOADS     64.81 - Choice Cuts
          11.71 - Select Cuts               16.09 - Select Cuts
          26.52 - Trimmings                 36.55 - Trimmings
           7.72 - Coarse Grinds              9.87 - Coarse Grinds

POULTRY

11/21 - 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 $103 cents FOB
16-24 lb toms $93 to $103 cents FOB

11/21 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 11/16      Week Ago     Yr Ago
                                     168,705      172,352    159,848

11/15 - Weekly National Whole Broiler/Fryer Report   
National Composite Wtd Avg for the Week Ending: 11/15    Week Ago      Yr Ago
                                              $ 78.31     $ 78.50     $ 87.75
Weekly National Whole Broiler/Fryer Report
National Composite Wtd Avg for the Month of:  October - $ 78.86

11/20 - Weekly Egg Sets & Chicks Placed 
Weekly Egg Sets for the week ending 11/16 - 235 million, up 3% from a year ago
Chick placement for the week ending 11/16 - 183 million, up 4% from a year ago

11/21 - Daily New York Eggs
Prices are steady on both heavy and lighter weight eggs. The undertone is 
steady. Supplies are light to moderate for seasonal needs. Demand into all 
channels is moderate to good. Offerings are light to moderate. Market activity
is moderate.

Extra Large    166-170
Large          164-168
Medium         107-111

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