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 MFA Agri Services of Iowa – Corydon, Leon and Lineville.

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St Joseph, MO         Thu, Oct 29, 2020      USDA Market News
Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES       HOGS      SHEEP
Thursday 10/29/2020            114,000    1,000     492,000     7,000
Week ago                       120,000    1,000     492,000     8,000
Year ago (act)                 118,000    2,000     492,000     8,000
Week to date                   464,000    7,000   1,956,000    32,000
Same Period Last Week          480,000    7,000   1,949,000    33,000
Same Period Last Year (act)    465,000    9,000   1,951,000    33,000
Previous Day                      Steer and Heifer    Cow and Bull
                      Wednesday        92,000            26,000

**Revised Wednesday Hog Slaughter..485,000  New Week to Date.. 1,464,000**

INDEX
                       10/28  10/27  10/26  10/23  10/22  10/21  10/20
CATFAX FED 6 STATE    105.31 105.27 105.34 105.32 105.38 105.65 106.77
CATFAX FED 3 STATE    106.06 105.94 106.05 106.01 106.03 106.05 106.87
CME FEEDER            134.34 133.32 133.64 133.70 134.01 135.53 138.36
CME LEAN HOG          *75.49  76.27  77.47  78.17  78.54  78.60  78.69
3 Area LEAN HOG        73.87  74.51  75.39  76.34  76.40  76.84  76.90
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        Thu, Oct 29, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

10/29 AM CARCASS CUTOUT - $ 89.56   CHANGE  +5.04  TOTAL LD COUNT  145.74

10/29 PM CARCASS CUTOUT - $ 87.57   CHANGE  +3.05  TOTAL LD COUNT  282.78

CARLOT PORK -  OPEN 10/29          CARLOT PORK -  CLOSE 10/29
LOADS - CUTS   97.00 TRIM  48.74   LOADS - CUTS  208.16 TRIM  74.62
LOINS 1/4" Trim VAC       84.81    LOINS 1/4" Trim VAC       80.95
LOINS BNLS CC Strap On   115.63    LOINS BNLS CC Strap On   112.25
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#  No Test
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    75.93
       Trm Sel  23-27#    73.31           Trm Sel  23-27#    73.46
BELLIES  Skn-on 10-12#   220.35    BELLIES  Skn-on 10-12#   218.60
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#  No Test

BEEF

Des Moines, IA        Thu, Oct 29, 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.

BEEF CUTOUTS -  OPEN 10/29        BEEF CUTOUTS -  CLOSE 10/29
CH 600-900# $207.29  +1.50        CH 600-900# $207.17  +1.38
SE 600-900# $191.57  +1.99        SE 600-900# $191.23  +1.65
LOADS     35.24 - Choice Cuts     LOADS     94.35 - Choice Cuts
           7.99 - Select Cuts               18.39 - Select Cuts
           6.81 - Trimmings                 24.77 - Trimmings
          13.80 - Coarse Grinds             19.71 - Coarse Grinds

POULTRY

10/29 - Daily Turkey Market - Frozen Grade A basted equivalent processor
offering prices on a national basis (for current deliveries).
 8-16 lb hens $115 to $120 cents FOB
16-24 lb toms $112 to $120 cents FOB

10/29 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 10/24      Week Ago     Yr Ago
                                     167,358      168,430    172,756

10/23 - Weekly National Whole Broiler/Fryer Report:  
National Composite Wtd Avg for the Week Ending: 10/23    Week Ago      Yr Ago
                                              $ 68.75    $ 67.87      $ 78.31
National Composite Wtd Avg for the Month of: September - $ 63.58

10/28 - Weekly Egg Sets & Chicks Placed
Weekly Egg Sets for the week ending 10/24 - 222 million, off 2% from a year ago
Chick placement for the week ending 10/24 - 173 million, off 2% from a year ago

10/29 - Daily New York Eggs 
Prices are steady for Medium and larger sizes. The undertone is mostly steady.
Supplies are moderate to heavy while offerings are light to moderate. Retail
demand is moderate to fairly good.  Market activity is moderate.

Extra Large    116-120
Large          114-118
Medium         104-108

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