St Joseph, MO         Fri, May 29, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES       HOGS      SHEEP
Friday 05/29/2020     (est)    111,000    1,000     414,000     8,000
Week ago (est)                 102,000    1,000     380,000     7,000
Year ago (act)                 124,000    3,000     473,000     7,000
Week to date (est)             441,000    5,000   1,664,000    32,000
Same Period Last Week (est)    499,000    7,000   1,960,000    39,000
Same Period Last Year (act)    493,000   10,000   1,882,000    36,000

Saturday 05/30/2020   (est)     83,000        0     302,000         0
Week ago (est)                  56,000        0     177,000         0
Year ago (act)                  96,000        0     250,000     2,000
Week to date (est)             524,000    5,000   1,966,000    32,000
Same Period Last Week (est)    555,000    7,000   2,137,000    39,000
Same Period Last Year*(act)    588,000   10,000   2,131,000    38,000
2020 Year to Date           12,657,000  192,000  52,098,000   782,000
2019 *Year to Date          13,594,000  234,000  52,779,000   870,000
Percent change                   -6.9%   -17.8%       -1.3%    -10.1%
2020 *Totals subject to revision
2019 *Totals adjusted to reflect NASS revisions
Yearly totals may not add due to rounding
Previous day estimated            Steer and Heifer   Cow and Bull
                      Thursday         85,000           25,000

INDEX
                      05/28  05/27  05/26  05/25  05/22  05/21  05/20
CATFAX FED 6 STATE     NA   117.76 117.83 118.43 118.48 117.61 117.29
CATFAX FED 3 STATE     NA   119.37 119.21 119.23 119.23 118.66 117.93
CME FEEDER           129.36 127.02 126.11 126.44 126.96 126.24 126.60
CME LEAN HOG         *61.25  62.95  62.53   NA    62.30  63.45  64.59
3 Area LEAN HOG       59.31  62.64  61.68   NA    59.86  62.50  63.16
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        Fri, May 29, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

05/29 AM CARCASS CUTOUT - $ 90.83   CHANGE  +1.37  TOTAL LD COUNT  396.22

05/29 PM CARCASS CUTOUT - $ 88.20   CHANGE  -1.26  TOTAL LD COUNT  544.45

CARLOT PORK -  OPEN 05/29          CARLOT PORK -  CLOSE 05/29
LOADS - CUTS  364.26 TRIM  31.97   LOADS - CUTS  499.25 TRIM  45.19
LOINS 1/4" Trim VAC      161.08    LOINS 1/4" Trim VAC      149.69
LOINS BNLS CC Strap On   291.29    LOINS BNLS CC Strap On   256.45
HAMS - Trm Sel  17-20#    41.89    HAMS - Trm Sel  17-20#    41.89
       Trm Sel  20-23#    51.43           Trm Sel  20-23#    50.96
       Trm Sel  23-27#    39.04           Trm Sel  23-27#    38.99
BELLIES  Skn-on 10-12#   180.08    BELLIES  Skn-on 10-12#   178.59
BOXED    Skn-on 12-14#   219.84    BOXED    Skn-on 12-14#   183.48

BEEF

Des Moines, IA        Fri, May 29, 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 05/29        BEEF CUTOUTS - CLOSE 05/29
CH 600-900# $365.57  -3.99        CH 600-900# $363.34  -6.22
SE 600-900# $343.46  -0.63        SE 600-900# $340.07  -4.02
LOADS     44.18 - Choice Cuts     LOADS     54.29 - Choice Cuts
          13.16 - Select Cuts               19.87 - Select Cuts
          19.72 - Trimmings                 22.00 - Trimmings
          22.35 - Coarse Grinds             18.89 - Coarse Grinds

POULTRY

05/29 - 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

05/29 - Daily New York Eggs 
Prices are steady. Trade sentiment is at best steady. Supplies vary and are 
moderate to instances heavy. Current offerings are generally moderate. Retail
demand is moderate to fairly good. Market activity is slow to moderate.

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