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St Joseph, MO         Thu, May 28, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES      HOGS       SHEEP
Thursday 05/28/2020   (est)    110,000    1,000     422,000     8,000
Week ago (est)                 103,000    1,000     398,000     8,000
Year ago (act)                 121,000    2,000     469,000     9,000
Week to date (est)             330,000    4,000   1,250,000    24,000
Same Period Last Week (est)    397,000    6,000   1,580,000    32,000
Same Period Last Year (act)    369,000    7,000   1,409,000    29,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Wednesday        87,000            23,000

**Revised Wednesday Hog Slaughter..421,000   New Week to Date..828,000**

INDEX
                      05/27  05/26  05/25  05/22  05/21  05/20  05/19
CATFAX FED 6 STATE   117.76 117.83 118.43 118.48 117.61 117.29 114.90
CATFAX FED 3 STATE   119.37 119.21 119.23 119.23 118.66 117.93 115.93
CME FEEDER           127.02 126.11 126.44 126.96 126.24 126.60 126.89
CME LEAN HOG         *62.95  62.53   NA    62.30  63.45  64.59  65.98
3 Area LEAN HOG       62.64  61.68   NA    59.86  62.50  63.16  64.45
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        Thu, May 28, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

05/28 AM CARCASS CUTOUT - $ 95.12   CHANGE  +6.30  TOTAL LD COUNT  143.13

05/28 PM CARCASS CUTOUT - $ 89.46   CHANGE  +0.64  TOTAL LD COUNT  372.79

CARLOT PORK -  OPEN 05/28          CARLOT PORK -  CLOSE 05/28
LOADS - CUTS  124.13 TRIM  19.00   LOADS - CUTS  321.25 TRIM  51.54
LOINS 1/4" Trim VAC      189.96    LOINS 1/4" Trim VAC      147.53
LOINS BNLS CC Strap On   285.36    LOINS BNLS CC Strap On   235.43
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#  No Test
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    38.81
       Trm Sel  23-27#    38.91           Trm Sel  23-27#    39.25
BELLIES  Skn-on 10-12#   148.94    BELLIES  Skn-on 10-12#   155.84
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#  No Test

BEEF

Des Moines, IA        Thu, May 28, 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 05/28        BEEF CUTOUTS - CLOSE 05/28
CH 600-900# $371.21  -6.56        CH 600-900# $369.56  -8.21
SE 600-900# $347.35  -2.85        SE 600-900# $344.09  -6.11
LOADS     44.18 - Choice Cuts     LOADS     81.43 - Choice Cuts
          13.16 - Select Cuts               17.09 - Select Cuts
          19.72 - Trimmings                 24.22 - Trimmings
          22.35 - Coarse Grinds             26.47 - Coarse Grinds

POULTRY

05/28 - Daily Turkey Market - Frozen 2019 Grade A basted equivalent 
processor offering prices on a national basis (for current deliveries).
 8-16 lb hens $102 to $107 cents FOB
16-24 lb toms $102 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

05/22 - Weekly National Whole Broiler/Fryer Report:  
National Composite Wtd Avg for the Week Ending: 05/22    Week Ago      Yr Ago
                                              $ 74.45     $ 77.45     $100.95
National Composite Wtd Avg for the Month of:  April -     $ 53.52

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

05/28 - Daily New York Eggs 
Prices are steady. The undertone is mostly steady. Current supplies are 
moderate to instances heavy. Offerings are light to 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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