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St Joseph, MO         Tue, Jun 02, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES       HOGS      SHEEP
Tuesday 06/02/2020    (est)    113,000    2,000     417,000     8,000
Week ago (est)                 106,000    2,000     405,000     8,000
Year ago (act)                 118,000    2,000     478,000     8,000
Week to date (est)             223,000    4,000     825,000    16,000
Same Period Last Week (est)    110,000    2,000     407,000     8,000
Same Period Last Year (act)    240,000    4,000     943,000    18,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Monday           88,000            22,000

**Revised Monday Hog Slaughter..408,000**

INDEX
                      06/01  05/29  05/28  05/27  05/26  05/25  05/22
CATFAX FED 6 STATE   116.61 116.45 116.38 117.76 117.83 118.43 118.48
CATFAX FED 3 STATE   117.40 117.24 117.23 119.37 119.21 119.23 119.23
CME FEEDER           128.25 128.96 129.36 127.02 126.11 126.44 126.96
CME LEAN HOG         *59.23  59.96  61.25  62.95  62.53   NA    62.30
3 Area LEAN HOG       56.57  59.10  59.31  62.64  61.68   NA    59.86
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, Jun 02, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

06/02 AM CARCASS CUTOUT - $ 79.00   CHANGE  -2.04  TOTAL LD COUNT  307.66

06/02 PM CARCASS CUTOUT - $ 74.37   CHANGE  -6.67  TOTAL LD COUNT  571.70

CARLOT PORK -  OPEN 06/02          CARLOT PORK -  CLOSE 06/02
LOADS - CUTS  290.11 TRIM  17.55   LOADS - CUTS  527.34 TRIM  44.36
LOINS 1/4" Trim VAC      161.53    LOINS 1/4" Trim VAC      158.40
LOINS BNLS CC Strap On   175.18    LOINS BNLS CC Strap On   127.62
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#  No Test
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    41.40
       Trm Sel  23-27#    37.80           Trm Sel  23-27#    38.06
BELLIES  Skn-on 10-12#   217.56    BELLIES  Skn-on 10-12#   214.43
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#   172.72

BEEF

Des Moines, IA        Tue, Jun 02, 2020      USDA Market News

NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales -
Morning - USDA ESTIMATED BOXED BEEF CUT-OUT VALUES - as of 9:30am

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 06/02        BEEF CUTOUTS - CLOSE 06/02
CH 600-900# $322.36 -18.79        CH 600-900# $318.73 -22.42
SE 600-900# $295.52 -21.31        SE 600-900# $290.58 -26.25
LOADS     34.19 - Choice Cuts     LOADS     66.48 - Choice Cuts
          16.65 - Select Cuts               30.02 - Select Cuts
          11.40 - Trimmings                 22.73 - Trimmings
           2.70 - Coarse Grinds              8.21 - Coarse Grinds

POULTRY

06/02 - 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

06/02 - Daily New York Eggs 
Prices are 2 cents lower.  Trade sentiment is steady to barely steady. Supplies
are moderate to heavy. The New York shell egg inventory is 16 percent higher
when compared to a week ago. Offerings are  mostly moderate. Retail demand is 
moderate to fairly good. Market activity is slow to moderate.

Extra Large     89-93
Large           87-91
Medium          73-77

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