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St Joseph, MO         Wed, May 27, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES      HOGS       SHEEP
Wednesday 05/27/2020  (est)    110,000    1,000     415,000     8,000
Week ago (est)                 101,000    1,000     397,000     8,000
Year ago (act)                 122,000    3,000     461,000     9,000
Week to date (est)             220,000    3,000     822,000    16,000
Same Period Last Week (est)    294,000    5,000   1,182,000    24,000
Same Period Last Year (act)    248,000    5,000     940,000    20,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Tuesday          84,000            22,000

INDEX
                      05/26  05/25  05/22  05/21  05/20  05/19  05/18
CATFAX FED 6 STATE   117.83 118.43 118.48 117.61 117.29 114.90 114.04
CATFAX FED 3 STATE   119.21 119.23 119.23 118.66 117.93 115.93 114.73
CME FEEDER           126.11 126.44  126.96 126.24 126.60 126.89+126.88
CME LEAN HOG         *62.53   NA     62.30  63.45  64.59  65.98  67.04
3 Area LEAN HOG       61.68   NA     59.86  62.50  63.16  64.45  64.50
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        Wed, May 27, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

05/27 AM CARCASS CUTOUT - $ 91.28   CHANGE  -6.16  TOTAL LD COUNT  249.36

05/27 PM CARCASS CUTOUT - $ 88.82   CHANGE  -8.62  TOTAL LD COUNT  403.70

CARLOT PORK -  OPEN 05/27          CARLOT PORK -  CLOSE 05/27
LOADS - CUTS  225.27 TRIM  24.09   LOADS - CUTS  357.78 TRIM  45.92
LOINS 1/4" Trim VAC      181.52    LOINS 1/4" Trim VAC      155.71
LOINS BNLS CC Strap On   317.95    LOINS BNLS CC Strap On   272.33
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#  No Test
       Trm Sel  20-23#    38.35           Trm Sel  20-23#    40.07
       Trm Sel  23-27#    39.04           Trm Sel  23-27#    38.57
BELLIES  Skn-on 10-12#   157.31    BELLIES  Skn-on 10-12#   154.68
BOXED    Skn-on 12-14#   175.12    BOXED    Skn-on 12-14#   175.58

BEEF

Des Moines, IA        Wed, May 27, 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 05/27        BEEF CUTOUTS - CLOSE 05/27
CH 600-900# $379.57  -5.92        CH 600-900# $377.77  -7.72
SE 600-900# $352.91  -7.11        SE 600-900# $350.20  -9.82
LOADS     56.65 - Choice Cuts     LOADS     90.76 - Choice Cuts
          12.18 - Select Cuts               24.38 - Select Cuts
           7.18 - Trimmings                 14.11 - Trimmings
          25.88 - Coarse Grinds             45.99 - Coarse Grinds

POULTRY

05/27 - 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

05/21 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 05/16      Week Ago     Yr Ago
                                     160,598      162,954    166,906

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

05/27 - Daily New York Eggs 
Prices are steady. The undertone is steady. Supplies are moderate to
instances heavy. The New York shell egg inventory is up 13% when compared
to last Monday. 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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