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St Joseph, MO     Fri, March 01, 2024     USDA Market News
Daily Livestock Slaughter Under Federal Inspection

                             CATTLE     CALVES      HOGS       SHEEP
Friday                       100,000     1,000     484,000     7,000
Week ago                     119,000     1,000     482,000     6,000
Year ago (act)               116,000     1,000     466,000     5,000
Week to Date                 595,000     5,000   2,443,000    41,000
Same Period Last Week        591,000     5,000   2,442,000    40,000
Same Period Last Year*       616,000     6,000   2,396,000    35,000
2024 Year to Date          5,353,214    43,492  22,742,148   315,717
2023*Year to Date          5,645,439    58,336  22,434,157   300,110
Percent Change                 -5.2%    -25.5%       +1.4%     +5.2%
Previous Day Breakdown            Steers/Heifers    Cows/Bulls
                      Thursday        98,000          25,000
Saturday                       4,000     0,000     106,000     0,000
Week ago                       2,000     0,000     136,000     0,000
Year ago (act)                10,000     0,000     127,000     0,000
Week to Date                 599,000     5,000   2,549,000    41,000
Same Period Last Week        593,000     5,000   2,578,000    40,000
Same Period Last Year*       626,000     6,000   2,523,000    35,000
2024 Year to Date          5,357,214    43,492  22,848,148   315,717
2023*Year to Date          5,655,277    58,339  22,561,032   300,124
Percent Change                 -5.3%    -25.5%       +1.3%     +5.2%
         **Revised Thu Hog Slaughter...485,000 / WTD...1,959,000**
    2024 *Totals subject to revision / 2023 *Totals adjusted to reflect 
          NASS Revisions / Yearly totals may not add due to rounding.

INDEXES
                       02/29  02/28  02/27  02/26  02/23  02/22  02/21
CATFAX FED 6 STATE    182.91 182.91 182.96 182.96 183.02 180.62 180.04
CATFAX FED 3 STATE    182.76 182.76 182.64 182.64 183.05 180.55 179.75
CME FEEDER            247.00 246.26 246.80 246.47 246.64 244.68 244.49
CME LEAN HOG          *80.26  80.15  79.91  79.78  79.46  79.10  78.78
3 Area LEAN HOG        78.56  78.38  78.05  78.02  78.23  77.37  77.33
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, Mar 01, 2024      USDA Market News
 
NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales
PORK CARCASS       CUTOUT      CHANGE     TOTAL LDS
03/01 MORNING     $ 95.54       +5.32      218.57
03/01 AFTERNOON   $ 94.45       +4.23      307.32 

CARLOT PORK                 OPEN       CLOSE
 DATE                      03/01       03/01
 LOADS - CUTS             208.87      289.61
 LOADS - TRIM               9.71       17.71
 LOINS 1/4" Trim VAC      103.88      104.37
 LOINS BNLS CC Strap On   148.79      147.99
 HAMS - Trm Sel  17-20#    86.01       86.01
        Trm Sel  20-23#    86.34       82.57
        Trm Sel  23-27#    85.01       84.80
 BELLIES  Skn-on 10-12#   250.18      251.74
 BOXED    Skn-on 12-14#  No Test     No Test

BEEF

Des Moines, IA        Fri, Mar 01, 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
                     03/01               03/01
 CH 600-900#    $306.11  +1.91      $305.28  +1.08
 SE 600-900#    $295.99  +1.81      $295.74  +1.56
   LOADS   
     Choice cuts     53.61               68.15
     Select cuts      5.03                9.13
     Trimmings        0.00                5.24
     Coarse Grinds   10.11               20.65
     CH/SEL SPREAD  $10.12              $ 9.54

POULTRY

03/01 - Daily Turkey Market - Frozen Grade A basted equivalent processor
offering prices on a national basis (FOB for current deliveries).
 8-16 lb hens $ 84 to $112 cents FOB
16-24 lb toms $ 84 to $107 cents FOB

02/29 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 02/24      Week Ago    Yr Ago
                                     163,766     164,184     167,098

03/01 - Weekly National Chicken Report 
National Composite Whole Bird for the Week Ending: 03/01/2024
      Wtd Avg    Chg         Range         Wk Ago Avg
      $126.07   -0.18   $ 88.00-$150.00     $126.25

02/28 - Weekly Egg Sets & Chicks Placed 
Weekly Egg Sets for the week ending 02/24 - 245 million, up 2% from a year ago.
Chick placement for the week ending 02/24 - 187 million, up slightly from a 
year ago.

03/01 - New York Eggs
Prices are 7 cents lower for larger sizes and unchanged for Medium. The 
undertone is weak. Demand is light to moderate. Offerings are moderate.
Supplies are moderate. Market activity is moderate.

Extra Large    230-234
Large          228-232
Medium         187-191
    ** 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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