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St Joseph, MO    Mon Jun 01, 2020     USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES       HOGS      SHEEP
Monday 06/01/2020     (est)    110,000    2,000     403,000     8,000
Week ago (est)                   4,000        0       2,000         0
Year ago (act)                 122,000    2,000     465,000    10,000
Previous Day Estimated            Steer & Heifer        Cow & Bull
                      Friday          89,000              22,000
                      Saturday        70,000              13,000

*Revised Friday Hog Slaughter....419,000/New Friday Week to Date....1,669,000*
*Revised Saturday Hog Slaughter..280,000/New Saturday Week to Date..1,949,000*
*Revised Saturday Sheep Slaughter..1,000/New Saturday Week to Date.....33,000*

INDEX
                      05/29  05/28  05/27  05/26  05/25  05/22  05/21
CATFAX FED 6 STATE   116.45 116.38 117.76 117.83 118.43 118.48 117.61
CATFAX FED 3 STATE   117.24 117.23 119.37 119.21 119.23 119.23 118.66
CME FEEDER           128.96 129.36 127.02 126.11 126.44 126.96 126.24
CME LEAN HOG         *59.96  61.25  62.95  62.53   NA    62.30  63.45
3 Area LEAN HOG       59.10  59.31  62.64  61.68   NA    59.86  62.50
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

Des Moines, IA        Mon, Jun 01, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

06/01 AM CARCASS CUTOUT - $ 83.33   CHANGE  -4.87  TOTAL LD COUNT  177.41

06/01 PM CARCASS CUTOUT - $ 81.04   CHANGE  -7.16  TOTAL LD COUNT  331.76

CARLOT PORK -  OPEN 06/01          CARLOT PORK -  CLOSE 06/01
LOADS - CUTS  165.21 TRIM  12.20   LOADS - CUTS  307.89 TRIM  23.87
LOINS 1/4" Trim VAC      157.83    LOINS 1/4" Trim VAC      152.06
LOINS BNLS CC Strap On   145.70    LOINS BNLS CC Strap On   161.43
HAMS - Trm Sel  17-20#    37.39    HAMS - Trm Sel  17-20#    40.20
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    40.23
       Trm Sel  23-27#    38.27           Trm Sel  23-27#    38.39
BELLIES  Skn-on 10-12#   161.51    BELLIES  Skn-on 10-12#   176.84
BOXED    Skn-on 12-14#   136.90    BOXED    Skn-on 12-14#   137.37

BEEF

Des Moines, IA        Mon, Jun 01, 2020      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.

Trends - Not available due to technical issues at the USDA

BEEF CUTOUTS -  OPEN 06/01        BEEF CUTOUTS - CLOSE 06/01
CH 600-900# $350.31 -13.03        CH 600-900# $341.15 -22.19
SE 600-900# $329.67 -10.40        SE 600-900# $316.83 -23.24
LOADS     41.20 - Choice Cuts     LOADS    111.99 - Choice Cuts
           9.16 - Select Cuts               26.10 - Select Cuts
           3.97 - Trimmings                  9.67 - Trimmings
          13.85 - Coarse Grinds             18.09 - Coarse Grinds

POULTRY

06/01 - Daily Turkey Market - Frozen 2019 Grade A basted equivalent 
processor offering prices on a national basis (for current deliveries).
 8-16 lb hens $103 to $107 cents FOB
16-24 lb toms $103 to $107 cents FOB

05/28 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 05/23      Week Ago     Yr Ago
                                     162,218      160,598    171,691

05/29 - Weekly National Whole Broiler/Fryer Report:  
National Composite Wtd Avg for the Week Ending: 05/29    Week Ago      Yr Ago
                                              $ 74.00     $ 74.45     $ 99.52
National Composite Wtd Avg for the Month of: May - $ 73.75

05/27 Weekly Egg Sets & Chicks Placed
Weekly Egg Sets for the week ending 05/23 - 231 million, off 2% from a year ago
Chick placement for the week ending 05/23 - 180 million, off 5% from a year ago

06/01 - Daily New York Eggs 
Prices are unchanged. Trade sentiment is mostly steady. Supplies vary by plant
and are moderate to instances heavy. Offerings are moderate. Retail demand is
moderate to fairly good. Market activity is slow to moderate.

Extra Large     91-95
Large           89-93
Medium          75-79

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