St Joseph, MO         Fri, May 17, 2024      USDA Market News
Daily Livestock Slaughter Under Federal Inspection

                             CATTLE     CALVES      HOGS       SHEEP
Friday                       102,000     1,000     468,000     5,000
Week ago                     120,000     1,000     462,000     4,000
Year ago (act)               122,000     1,000     461,000     4,000
Week to Date                 589,000     5,000   2,368,000    35,000
Same Period Last Week        609,000     5,000   2,370,000    34,000
Same Period Last Year*       624,000     5,000   2,334,000    34,000
2024 Year to Date         11,982,263    87,946  49,558,286   733,934
2023*Year to Date         12,545,226   117,433  49,295,835   719,803
Percent Change                 -4.5%    -25.1%       +0.5%     +2.0%

Saturday                       9,000     0,000      36,000     0,000
Week ago                      13,000     0,000       9,000     0,000
Year ago (act)                16,000     0,000      73,000     0,000
Week to Date                 598,000     5,000   2,404,000    35,000
Same Period Last Week        622,000     5,000   2,379,000    34,000
Same Period Last Year*       640,000     5,000   2,407,000    34,000
2024 Year to Date         11,991,263    87,946  49,594,286   733,934
2023*Year to Date         12,561,431   117,532  49,368,684   719,823
Percent Change                 -4.5%    -25.2%       +0.5%     +2.0%
Previous Day Breakdown           Steers/Heifers     Cows/Bulls
                     Thursday       101,000           23,000
    2024 *Totals subject to revision / 2023 *Totals adjusted to reflect 
          NASS Revisions / Yearly totals may not add due to rounding.

INDEXES
                        05/16  05/15  05/14  05/13  05/10  05/09  05/08
CATFAX FED 6 STATE     185.52 185.52 185.52 185.52 185.45 185.22 184.00
CATFAX FED 3 STATE     184.08 184.08 184.08 184.08 184.07 184.01 184.00
CME FEEDER                    242.33 241.79 241.75 241.36 240.61 240.38
CME LEAN HOG           *92.29  92.13  91.76  91.29  91.22  91.32  91.28
3 Area LEAN HOG         90.10  90.09  89.56  *NA*   88.86  89.21  89.03
NA = Not Available; **NA = Not Available Due to Packer Submission Issues;
*NA* = Not Available Due to Confidentiality; + 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, May 17, 2024      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales
PORK CARCASS       CUTOUT     CHANGE     TOTAL LDS
05/17 MORNING     $100.49      -0.22      236.64
05/16 AFTERNOON   $100.27      -1.43      242.40 

CARLOT PORK                 OPEN         CLOSE
 DATE                      05/17         05/16
 LOADS - CUTS             193.45        209.37
 LOADS - TRIM              43.18         33.03
 LOINS 1/4" Trim VAC      129.14        128.80
 LOINS BNLS CC Strap On   167.33        161.34
 HAMS - Trm Sel  17-20#    88.88       No Test
        Trm Sel  20-23#    87.79       No Test
        Trm Sel  23-27#    82.78         85.31
 BELLIES  Skn-on 10-12#   259.84        261.88
 BOXED    Skn-on 12-14#  No Test       No Test

BEEF

Des Moines, IA        Fri, May 17, 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
                     05/17               05/16
 CH 600-900#    $313.53  +3.38      $310.15  +3.38
 SE 600-900#    $298.09  +1.58      $296.51  +2.20
    LOADS   
     Choice cuts     47.55               62.09
     Select cuts      4.52               25.93
     Trimmings        0.00               14.21
     Coarse Grinds    9.93               12.84
     CH/SEL SPREAD  $15.44              $13.64

POULTRY

05/16 - Daily Turkey Market - Frozen Grade A basted equivalent processor
offering prices on a national basis (FOB for current deliveries).
 8-16 lb hens $ 88 to $110 cents FOB
16-24 lb toms $ 88 to $110 cents FOB

05/16 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 05/11      Week Ago    Yr Ago
                                     164,066      166,246   166,554

05/10 - Weekly National Chicken Report 
National Composite Whole Bird for the Week Ending: 05/10/24
      Wtd Avg    Chg         Range         Wk Ago Avg
      $132.53   +0.52   $103.00-$155.00     $132.01

05/15 - Weekly Egg Sets & Chicks Placed 
Weekly Egg Sets for the week ending 05/11 - 245 million, up 1% from a year ago
Chick placement for the week ending 05/11 - 190 million, up 2% from a year ago

05/17 - New York Eggs
Prices are up 4 cents for Extra Large and Large and 2 cents higher for Medium.
The undertone is steady to fully steady. Demand is light to mostly moderate.
Offerings are light to moderate. Supplies are moderate. Market activity is slow
to moderate.

Extra Large   167-171
Large         165-169
Medium        155-159
    ** PRICES TO RETAILERS, SALES TO VOLUME BUYERS, USDA GRADE A AND 
GRADE A, WHITE EGGS IN CARTONS, DELIVERED STORE DOOR, CENTS PER DOZEN.**