St Joseph, MO    Wed Sep 08, 2010       USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                                 CATTLE     CALVES      HOGS      SHEEP
Wednesday 09/08/2010     (est)   131,000     3,000     422,000    10,000
Week ago (est)                   130,000     3,000     413,000     9,000
Year ago (act)                   130,000     4,000     432,000    11,000
Week to date (est)               265,000     8,000     843,000    21,000
Same Period Last Week (est)      390,000    10,000   1,221,000    25,000
Same Period Last Year (act)      262,000    10,000     868,000    23,000
Previous Day Estimated        Steer and Heifer    Cow and Bull
                 Tuesday         105,000                26,000

 LIVESTOCK INDEXES 
                    09/07  09/06  09/03  09/02  09/01  08/31  08/30  08/27
CATFAX FED 6 STATE  96.58  96.83  96.83  96.82  96.82  97.31  99.18  99.19
CATFAX FED 3 STATE  96.83  96.90  96.90  96.90  96.90  97.49  99.49  99.49
CME FEEDER         113.67 113.75 113.57 113.85 114.12 114.47 114.73 115.04
CME LEAN HOG       *81.53   x.xx  81.44  81.95  82.66  83.01  83.34  83.89
3 Area LEAN HOG     80.81   x.xx  80.35  80.82  81.54  82.39  82.36  83.08

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

*DTN projected Lean Hog Index, only an estimate that may vary one or two cents 
from actual.

Des Moines, IA     Wed, Sep 08, 2010     USDA Market News

USDA NATIONAL CARLOT PORK REPORT as of:  3:00 P.M.
Purchases equated to FOB Omaha Basis.

Compared to Tuesday's Close:  Fresh 1/4" trim loins steady; butts unevenly 
steady; sknd hams 20-23 lbs 1.00-4.00 lower, 23-27 lbs 1.00-3.00 lower; sdls 
bellies 14-16 lbs 1.00 higher, other weights not tested; lean trim not 
established.  Trading slow, with light demand and light to moderate offerings.

09/08 Pork Carcass Cutout Value $90.94  Change + .47  Loads  87.80

CARLOT PORK - OPEN 09/08               CARLOT PORK - CLOSE 09/08
LOADS - CUTS    16.5    TRIM  5.0      LOADS - CUTS     79.8  TRIM  8.0
LOINS 1/4" 21#-DN    122.00            LOINS 1/4" 21#-DN    108-122 Steady
LOINS STRAP ON 5-11" No Test           LOINS STRAP ON 5-11" No Test
HAMS    17-20#       No Test           HAMS    17-20#       No Test
        20-23#       No Test                   20-23#       86-89   1-4 Lr
        23-27#       No Test                   23-27#       87-89   1-3 Lr
BELLIES 10-12#       No Test           BELLIES 10-12#       No Test
        12-14#       No Test                   12-14#       No Test
        14-16#       No Test                   14-16#       151.00  1.00 Hr
        16-18#       No Test                   16-18#       No Test
        18-20#       No Test                   18-20#       No Test

Des Moines, IA       Wed, Sep 08, 2010         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 weak on light to moderate demand and moderate to heavy
offerings.  Select and Choice rib, chuck, round, and loin cuts steady to weak.
Beef trimmings generally steady on light to moderate demand and offerings.

BEEF CUTOUTS - OPEN 09/08             BEEF CUTOUTS - CLOSE 09/08
CH 6-900#     161.98   + .23          CH 6-900#     161.47    - .28
SE 6-900#     156.14   + .23          SE 6-900#     155.44    - .47
LOADS    79.83 - Choice Cuts          LOADS   126.05 - Choice cuts
         57.43 - Select Cuts                   81.96 - Select Cuts
         15.47 - Trimmings                     24.05 - Trimmings
         47.44 - Coarse Grinds                 69.24 - Coarse Grinds

09/01 Weekly Pork Belly
                    Week Ending 08/28/10      Year Ago
                    Chicago  Outside  Total   Chicago    Outside   Total
In                     0         0        0       0        1535    1535
Out                    0      1471     1471       0        4428    4428
Stocks                 0      1470     1470       0       31085   31085
Net Movement           0     -1471    -1471       0       -2893   -2893
12/18 pound stocks                      371                       26719

POULTRY 

Composite Average Broilers/Fryers  09/07  Week Ago   Year Ago   Loads
  12-City                          85.09   85.62      73.99      374

09/08/10 Weekly Egg Sets & Chicks Placed
Weekly Egg Sets for the week ending 09/04 - 203 million, up 4% from eggs sets a 
year ago.  Chick placement week ended 09/04 - 170 million, up 2% from a year 
ago.

09/08 New York Eggs
Extra Large   106-110
Large         104-108
Medium         63-67