Daily Livestock Slaughter Under Federal Inspection
                      CALVES   CATTLE      HOGS   SHEEP
      Monday 10/26/26   1,000  106,000  496,000    9,000
Week ago                1,000  105,000   476,000  10,000
Year ago (act)            400  103,883   490,188  10,705
        In thousand head
Week to Date              1.0    106.0     496.0     9.0
Same Period Last WK       1.0    105.0     476.0    10.0
Same Period Last YR       0.4    103.9     490.2    10.7
2026 YTD                 77.5 22,298.2 103,080.6 1,528.4
2025 YTD                 97.5 24,024.0 104,023.9 1,585.5
Percent Change         -20.6%    -7.2%     -0.9%   -3.6%

Previous Day
Breakdown            Steers & Heifers           Cows & Bulls
      Friday 10/23/26  75,000                     21,000
    Saturday 10/24/26  15,000                      5,000

R = Revision, WTD = Week to Date, YTD = Year to Date, ACT = Actual

INDEXES
                        10/23    10/22     10/21   10/20   10/19   10/16  10/15
CATFAX FED 6 STATE     226.48   226.48    226.48  226.48  226.48  226.00 223.15
CATFAX FED 3 STATE     228.13   228.13    228.13  228.13  228.13  228.13 226.00
CME FEEDER                      345.09    343.57  342.78  342.16  343.45 343.54
CME LEAN HOG                     71.16     72.15   72.82   73.02   73.40  74.19
3 Area LEAN HOG                  69.36     70.07   70.98   71.63   71.33  73.25
NA = Not Available
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
USDA NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales
Des Moines, IA  USDA Market News

        PORK CARCASS         Cutout      CHANGE   LOADS
           10/26/2026   AM      $75.40    +$0.64  190.85
           10/23/2026   PM       74.09    -$1.14  304.26

         CARLOT PORK    OPEN              CLOSE     CHG
                Date    10/26              10/23
        Loads - Cuts   171.32             276.43   +7.60
        Loads - Trim    19.53              27.83   -3.77
LOINS 1/4" Trim VAC     85.98              88.00   +0.55
LOINS BNLS CC StrapOn  125.23             119.90
HAMS- trim sel 17-20#    ---               79.04
    - trim sel 20-23#    ---                 ---
    - trim sel 23-27#   59.86              58.83
BELLIES Skn-on 10-12#    ---              228.07
BOXED   Skn-on 12-14#  231.91             190.57
--- = No Test
BEEF
USDA NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales
Des Moines, IA  USDA Market News
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.

BEEF CUTOUTS            OPEN      CHG     CLOSE     CHG
                        10/26              10/23
     Choice 600-900#  $369.16    +3.37   $365.79   -3.68
     Select 600-900#  $357.05    +4.36   $352.69   +2.28
CHOICE/SELECT SPREAD:  $12.11             $13.10
LOADS
         Choice Cuts    22.21              95.47  +17.76
         Select Cuts     3.44               8.35  -14.80
           Trimmings     7.30              10.16   +4.48
       Coarse Grinds     5.86              10.18  -11.47

POULTRY
Daily Turkey Market - Frozen Grade A basted equivalent processor
offering prices on a national basis (FOB for current shipments).
                10/23
        8-16 lb hens    $177    to         $197
       16-24 lb toms    $180    to         $197


Daily New York Shell Eggs                       AVERAGE   PRICE    PREV
                10/23        PRICE RANGE          PRICE  CHANGE    10/22
         Extra Large   $72.00   to    $76.00      $74.00       0  $74.00
               Large   $70.00   to    $74.00      $72.00       0  $72.00
              Medium   $57.00   to    $61.00      $59.00       0  $59.00

NEW YORK SHELL EGGS   CAGED, DELIVERED WAREHOUSE, WHITE, CENTS PER DOZEN
PRICES TO RETAILERS, SALES TO VOLUME BUYERS, WHITE EGGS IN CARTONS --

Weekly Poultry Slaughtered Under Federal Inspection
    Thursday 10/22/26        Young Chickens
For the week ending:    10/17  Wk Ago    Yr Ago
                      172,933  172,328   172,618

Weekly National Chicken Report
                     National Composite Whole Bird for the Week Ending
      Friday 10/23/26                                             Previous Week
             Wtd Avg     Chg       Range         1,000#         Wtd Avg 1,000#
              $117.39   +0.44   $80.00   $145.00   6,636         $116.95  6,907

Weekly Egg Sets & Chicks Placed
   Wednesday 10/21/26
For the week ending     10/17           Million  Yr Ago
      Weekly Egg Sets                        246       3%
      Chick placement                        193       2%