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St Joseph, MO         Tue, Mar 31, 2020     USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES      HOGS       SHEEP
Tuesday 03/31/2020    (est)    119,000    2,000     493,000     7,000
Week ago (est)                 123,000    2,000     498,000     7,000
Year ago (act)                 122,000    2,000     475,000     9,000
Week to date (est)             236,000    4,000     984,000    14,000
Same Period Last Week (est)    239,000    4,000     995,000    15,000
Same Period Last Year (act)    240,000    4,000     950,000    19,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Monday           93,000            24,000

**Revised Monday Cattle Slaughter..117,000**

INDEX
                      03/30  03/27  03/26  03/25  03/24  03/23  03/20
CATFAX FED 6 STATE   119.59 119.59 119.38 119.08 113.11 111.92 109.16
CATFAX FED 3 STATE   119.73 119.73 119.57 119.57 114.28 113.07 109.76
CME FEEDER           131.10 132.57 130.44 128.50 123.44 118.23 116.15
CME LEAN HOG         *65.15  65.56  66.46  66.17  65.12  63.98  63.18
3 Area LEAN HOG       62.95  62.89  63.91  64.45  63.43  62.48  61.34
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        Tue, Mar 31, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

03/31 AM CARCASS CUTOUT - $ 68.78   CHANGE  -1.93  TOTAL LD COUNT  189.07

03/31 PM CARCASS CUTOUT - $ 65.04   CHANGE  -5.67  TOTAL LD COUNT  341.11

CARLOT PORK -  OPEN 03/31          CARLOT PORK -  CLOSE 03/31
LOADS - CUTS  175.58 TRIM  13.49   LOADS - CUTS  317.08 TRIM  24.04
LOINS 1/4" Trim VAC      131.48    LOINS 1/4" Trim VAC      133.72
LOINS BNLS CC Strap On   174.44    LOINS BNLS CC Strap On   175.63
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#  No Test
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    36.90
       Trm Sel  23-27#    34.52           Trm Sel  23-27#    34.81
BELLIES  Skn-on 10-12#   168.71    BELLIES  Skn-on 10-12#   168.34
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#  No Test

BEEF

Des Moines, IA        Tue, Mar 31, 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.

Boxed beef cutout values sharply lower on light to demand and light to 
moderate offerings. Select and Choice loin cuts weak to lower while rib, chuck,
and round cuts lower.

BEEF CUTOUTS -  OPEN 03/31        BEEF CUTOUTS - CLOSE 03/31
CH 600-900# $248.30  -2.67        CH 600-900# $243.15  -7.82
SE 600-900# $234.33  -3.81        SE 600-900# $228.96  -9.18
LOADS     17.02 - Choice Cuts     LOADS     51.75 - Choice Cuts
          12.41 - Select Cuts               26.21 - Select Cuts
           0.00 - Trimmings                  8.59 - Trimmings
          10.73 - Coarse Grinds             17.59 - Coarse Grinds

POULTRY

03/31 - Daily Turkey Market - Frozen 2019 Grade A basted equivalent 
processor offering prices on a national basis (for current deliveries).
 8-16 lb hens $97 to $104 cents FOB
16-24 lb toms $97 to $104 cents FOB

03/26 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 03/21      Week Ago     Yr Ago
                                     171,690      170,505    163,402

03/27 - Weekly National Whole Broiler/Fryer Report:  
National Composite Wtd Avg for the Week Ending: 03/27    Week Ago      Yr Ago
                                              $ 83.68     $ 87.51     $ 95.48
National Composite Wtd Avg for the Month of:  February -  $ 80.64

03/25 Weekly Egg Sets & Chicks Placed
Weekly Egg Sets for the week ending 03/21 - 238 million, up 3% from a year ago
Chick placement for the week ending 03/21 - 192 million, up 4% from a year ago

03/31 - Daily New York Eggs 
Prices are steady for Extra Large and Large, but 20 cents lower for Medium. 
Trade sentiment is mostly steady. Supplies are generally light for heavier 
weight eggs. The New York shell egg inventory is 1% higher than a week ago.
Offerings are light. Demand into retail channels is good. Market activity is
active.

Extra Large    307-311
Large          305-309
Medium         228-232

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