St Joseph, MO         Fri, Nov 21, 2025      USDA Market News
Daily Livestock Slaughter Under Federal Inspection

                           CATTLE   CALVES      HOGS       SHEEP   Chicken(Yng)
Friday - 11/21/2025       105,000    1,000     488,000     3,000     32,145,000
Week ago                   93,000    1,000     488,000     3,000     31,919,000
Year ago (act)            118,703      728     487,437     3,806     31,902,000
Week to Date              578,000    5,000   2,464,000    37,000    172,624,000
Same Period Last Week     564,000    5,000   2,430,000    40,000    173,296,000
Same Period Last Year     618,138    3,546   2,432,839    38,041    171,827,000
2025 Year to Date            NA       NA         NA         NA    8,428,014,000
2024 Year to Date      28,203,543  185,046 115,921,211 1,703,870  8,502,019,000
Percent Change               NA %     NA %       NA %       NA %          -0.9%

Saturday - 11/22/2025       7,000        0     139,000         0      2,876,000
Week ago                   12,000        0     271,000         0      1,156,000
Year ago (act)             17,170        2     147,536       121              0
Week to Date              585,000    5,000   2,603,000    37,000    175,500,000
Same Period Last Week     576,000    5,000   2,701,000    40,000    174,452,000
Same Period Last Year     635,308    3,548   2,580,375    38,162    171,827,000
2025 Year to Date            NA       NA         NA         NA    8,430,890,000
2024 Year to Date      28,220,713  185,048 116,068,747 1,703,991  8,502,019,000
Percent Change               NA %     NA %       NA %       NA %          -0.8%
Previous Day Breakdown              Steers/Heifers    Cows/Bulls
                        Thursday        93,000          23,000
        ***** REVISION ** CATTLE ** THU 116(473) ** CATTLE ** REVISION ******
        **** 2025 Year-To-Date and Percent Change Information is not complete
        due to USDA-NASS data being currently unavailable.  This information 
        will be reported as soon as it is made available to us. ************

INDEXES
                        11/20  11/19  11/18  11/17  11/14  11/13  11/12  11/11
CATFAX FED 6 STATE     220.28 224.09 225.00 225.00 226.03 226.08 226.91 229.92
CATFAX FED 3 STATE     223.88 226.87 227.19 227.19 227.93 228.00 229.51 230.19
CME FEEDER             339.72 341.16 340.02 339.46 341.89 343.73 342.42 340.67
CME LEAN HOG           *84.81  85.71  86.27  86.67  87.00  87.94  88.83  89.13
CARCASS BASE PRICE      82.41  83.09  83.73  84.06  83.90  85.04  86.20  86.32
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.
CATFAX FED 6 STATES: Iowa, Colorado, Kansas, Nebraska, Texas, and Oklahoma;
CATFAX FED 3 STATES: Kansas, Texas, and Oklahoma.

PORK

Des Moines, IA        Fri, Nov 21, 2025      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales
PORK CARCASS       CUTOUT     CHANGE     TOTAL LDS
11/21 MORNING     $ 92.80      +2.59      254.15
11/21 AFTERNOON   $ 93.43      +3.22      374.74

CARLOT PORK                 OPEN         CLOSE
 DATE                      11/21         11/21
 LOADS - CUTS             225.29        324.33
 LOADS - TRIM              28.86         50.41
 LOINS 1/4" Trim VAC       91.39         92.46
 LOINS BNLS CC Strap On   126.56        127.57
 HAMS - Trm Sel  17-20#  No Test         92.43
        Trm Sel  20-23#    88.83         89.77
        Trm Sel  23-27#    84.41         84.86
 BELLIES  Skn-on 10-12#   260.17        271.49
 BOXED    Skn-on 12-14#  No Test       No Test

BEEF

Des Moines, IA        Fri, Nov 21, 2025      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
                     11/21               11/21
 CH 600-900#    $371.61  +0.33      $371.48  +0.20
 SE 600-900#    $358.42  +4.24      $356.98  +2.80
    LOADS   
     Choice cuts     76.51              104.61
     Select cuts     11.64               18.17
     Trimmings        9.07                9.67
     Coarse Grinds    8.00               13.04
     CH/SEL SPREAD  $13.19              $14.50

POULTRY

11/21 - Daily Turkey Market
Frozen Grade A basted equivalent processor
offering prices on a national basis (FOB for current shipments).
 8-16 lb hens - 157-177
16-24 lb toms - 150-179

11/20 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 11/15      Week Ago    Yr Ago
                                     171,829     174,754     169,932

11/21 - Weekly National Chicken Report 
National Composite Whole Bird for the Week Ending: 11/21/25
      Wtd Avg    Chg         Range         Wk Ago Avg
      $108.70   +1.49   $ 73.00-$155.00     $107.21

11/19 - Weekly Egg Sets & Chicks Placed 
Weekly Egg Sets for the week ending 11/15 - 248 million, Dn 1% from a year ago
Chick placement for the week ending 11/15 - 191 million, Up 1% from a year ago

11/21 - Daily New York Shell Egg
                                  AVERAGE   PRICE   LAST REPORTED 
CLASS           PRICE RANGE        PRICE    CHANGE   (11/20/25)
Extra Large   $256.00-$260.00     $258.00   + 1.00     $257.00
Large         $254.00-$258.00     $256.00   + 1.00     $255.00
Medium        $200.00-$204.00     $202.00   + 0.00     $202.00
-- NEW YORK SHELL EGGS - CAGED, DELIVERED WAREHOUSE, WHITE, CENTS PER DOZEN --
   -- PRICES TO RETAILERS, SALES TO VOLUME BUYERS, WHITE EGGS IN CARTONS --