St Joseph, MO         Fri Jul 25, 2014       USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                                 CATTLE     CALVES      HOGS       SHEEP
Friday 07/25/2014     (est)      107,000     2,000     303,000     6,000
Week ago (est)                   114,000     2,000     282,000     5,000
Year ago (act)                   123,000     4,000     394,000     7,000
Week to date (est)               565,000    10,000   1,861,000    39,000
Same Period Last Week (est)      573,000    10,000   1,832,000    39,000
Same Period Last Year (act)      607,000    15,000   1,990,000    41,000

Saturday 07/26/2014   (est)        6,000         0       1,000         0
Week ago (est)                     4,000         0       1,000     1,000
Year ago (act)                    32,000         0       1,000         0
Week to date (est)               571,000    10,000   1,862,000    39,000
Same Period Last Week (est)      577,000    10,000   1,833,000    40,000
Same Period Last Year*(act)      640,000    16,000   1,990,000    41,000
2014 Year to Date             17,069,000   343,000  59,127,000 1,203,000
2013 *Year to Date            18,339,000   420,000  62,056,000 1,192,000
Percent change                     -6.9%    -18.3%       -4.7%      0.9%
2014 *Totals subject to revision
2013 *Totals adjusted to reflect NASS revisions
Yearly totals may not add due to rounding
Previous day estimated              Steer and Heifer    Cow and Bull
                      Thursday           92,000            23,000

LIVESTOCK INDEXES
                      07/25  07/23  07/22  07/21  07/18  07/17  07/16  07/15
CATFAX FED 6 STATE   162.25 158.88 155.84 155.84 155.84 155.71 155.82 155.92
CATFAX FED 3 STATE   161.47 158.18 155.30 155.30 155.30 155.30 155.57 155.82
CME FEEDER           214.13 212.98 210.64 210.48 210.88 214.48 214.11 216.12
CME LEAN HOG        *130.33 131.19 132.04 132.57 133.16 133.78 134.17 134.01
3 Area LEAN HOG      128.24 128.59 129.93 130.40 130.82 131.14 131.99 131.72

*DTN projected Lean Hog Index, 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, Oklahoma
CATFAX FED 3 STATES: Kansas, Texas, Oklahoma

PORK

Des Moines, IA        Fri, Jul 25, 2014      USDA Market News

NATOINAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

07/25 AM CARCASS CUTOUT - $132.87   CHANGE  +1.56   TOTAL LD COUNT  100.09

07/25 PM CARCASS CUTOUT - $131.79   CHANGE  + .48   TOTAL LD COUNT  179.54

CARLOT PORK - OPEN 07/25           CARLOT PORK - CLOSE 07/25
LOADS - CUTS   81.74  TRIM 18.35   LOADS - CUTS  148.25  TRIM 31.29
LOINS 1/4" Trim VAC      170.18    LOINS 1/4" Trim VAC     170.92
LOINS BNLS CC Strap On   200.34    LOINS BNLS CC Strap On  188.91
HAMS - Trm Sel  17-20#   141.20    HAMS - Trm Sel  17-20#  141.20
       Trm Sel  20-23#  No Test           Trm Sel  20-23#  141.20
       Trm Sel  23-27#   145.46           Trm Sel  23-27#  144.11
BELLIES  Skn-on 10-12#   192.17    BELLIES  Skn-on 10-12#  204.00
BOXED    Skn-on 12-14#   198.49    BOXED    Skn-on 12-14#  198.49
 
BEEF

Des Moines, IA        Fri, Jul 25, 2014      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 higher on moderate demand and light offerings. Select 
and Choice rib, chuck, round, and loin cuts steady to firm. Beef trimmings 
lower on light demand and light to moderate offerings.

BEEF CUTOUTS - OPEN 07/25         BEEF CUTOUTS - CLOSE 07/25
CH 6-900#     257.30  +1.74       CH 6-900#      257.38  +1.82
SE 6-900#     254.64  +1.80       SE 6-900#      254.33  +1.49
LOADS     28.28 - Choice Cuts     LOADS     41.55 - Choice cuts
          17.40 - Select Cuts               26.00 - Select Cuts
           0.00 - Trimmings                  4.84 - Trimmings
           6.84 - Coarse Grinds             11.98 - Coarse Grinds

POULTRY 

Weekly National Whole Broiler/Fryer Report   
National Composite Wtd Avg for the Week Ending: 07/25     Week Ago     Year Ago
                                              $103.89     $108.82      $ 97.30
Weekly National Whole Broiler/Fryer Report
National Composite Wtd Avg for the Month of:  JUNE - $113.40

07/24 Weekly Egg Sets & Chicks Placed 
Weekly Egg Sets for the week ending 07/19 - 215 million, up 3% from eggs sets a 
year ago. Chick placement week ended 07/19 - 173 million, up slightly from a 
year ago.

07/25    New York Eggs
Extra Large    147-151
Large          145-149
Medium          98-102