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St Joseph, MO     Wed, February 21, 2024    USDA Market News
Daily Livestock Slaughter Under Federal Inspection

                             CATTLE     CALVES      HOGS       SHEEP
Wednesday                    120,000     1,000     490,000     7,000
Week ago                     123,000     1,000     489,000     7,000
Year ago (act)               125,000     1,000     403,000     6,000
Week to Date                 349,000     3,000   1,470,000    27,000
Same Period Last Week        363,000     3,000   1,466,000    25,000
Same Period Last Year*       353,000     4,000   1,362,438    22,000
2024 Year to Date          4,518,735    36,985  19,198,523   267,385
2023*Year to Date          4,769,311    50,153  19,039,898   253,921
Percent Change                 -5.3%    -26.3%       +0.8%     +5.3%
Previous Day Breakdown            Steers/Heifers    Cows/Bulls
                      Tuesday         98,000          27,000
    2024 *Totals subject to revision / 2023 *Totals adjusted to reflect 
          NASS Revisions / Yearly totals may not add due to rounding.

INDEXES
                       02/20  02/19  02/16  02/15  02/14  02/13  02/12
CATFAX FED 6 STATE    180.09 180.09 180.09 180.81 180.81 181.36 181.36
CATFAX FED 3 STATE    179.96 179.96 179.96 180.68 180.68 181.92 181.92
CME FEEDER            242.66 242.65 242.27 244.58 244.93 246.66 246.87
CME LEAN HOG          *77.97  76.80  75.75  75.29  75.12  74.60  74.11
3 Area LEAN HOG        76.40  75.49  74.10  73.51  73.50  72.89  72.42
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        Wed, Feb 21, 2024      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales
PORK CARCASS       CUTOUT      CHANGE     TOTAL LDS
02/21 MORNING     $ 90.99       -1.45      147.77
02/21 AFTERNOON   $ 90.17       -2.27      254.61 

CARLOT PORK                 OPEN       CLOSE
 DATE                      02/21       02/21
 LOADS - CUTS             105.33      198.97
 LOADS - TRIM              42.45       55.64
 LOINS 1/4" Trim VAC      107.94      108.22
 LOINS BNLS CC Strap On   149.67      151.20
 HAMS - Trm Sel  17-20#  No Test     No Test
        Trm Sel  20-23#    82.18       82.18
        Trm Sel  23-27#    84.75       84.97
 BELLIES  Skn-on 10-12#   252.13      252.11
 BOXED    Skn-on 12-14#  No Test     No Test

BEEF

Des Moines, IA        Wed, Feb 21, 2024      USDA Market News

NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated 
                ESTIMATED BOXED BEEF CUT-OUT VALUES

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.

                    MORNING            AFTERNOON
BEEF CUTOUTS    OPEN      CHNG      CLOSE     CHNG
                     02/21               02/21
 CH 600-900#    $298.21  +0.84      $297.80  +0.43
 SE 600-900#    $285.32  -2.50      $284.46  -3.36
   LOADS   
     Choice cuts     41.00               54.45
     Select cuts     11.02               19.70
     Trimmings       10.55               12.17
     Coarse Grinds   13.95               18.74
     CH/SEL SPREAD  $12.89              $13.34

POULTRY

02/21 - Daily Turkey Market - Frozen Grade A basted equivalent processor
offering prices on a national basis (FOB for current deliveries).
 8-16 lb hens $ 89 to $112 cents FOB
16-24 lb toms $ 88 to $107 cents FOB

02/15 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 02/10      Week Ago    Yr Ago
                                     164,762     166,931     168,707

02/16 - Weekly National Chicken Report 
National Composite Whole Bird for the Week Ending: 02/16/2024
      Wtd Avg    Chg         Range         Wk Ago Avg
      $126.11   -0.19   $ 91.00-$155.00     $126.30

02/21 - Weekly Egg Sets & Chicks Placed 
Weekly Egg Sets for the week ending 02/17 - 244 million, up 1% from a year ago.
Chick placement for the week ending 02/17 - 185 million, dn 1% from a year ago.

02/21 - New York Eggs
Prices are down 5 cents for Extra Large, Large, and for Medium. The undertone
is steady. The New York shell egg inventory is down 1 percent compared to last
week. Demand is moderate to fairly good. Offerings are light. Supplies are 
light to moderate. Market activity is moderate. 

Extra Large    327-331
Large          325-329
Medium         215-219
    ** PRICES TO RETAILERS, SALES TO VOLUME BUYERS, USDA GRADE A AND 
GRADE A, WHITE EGGS IN CARTONS, DELIVERED STORE DOOR, CENTS PER DOZEN.**

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