St Joseph, MO         Thu, Jun 04, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES      HOGS       SHEEP
Thursday 06/04/2020   (est)    117,000    1,000     437,000     7,000
Week ago (est)                 110,000    1,000     422,000     8,000
Year ago (act)                 122,000    2,000     470,000     8,000
Week to date (est)             457,000    6,000   1,691,000    29,000
Same Period Last Week (est)    330,000    4,000   1,250,000    24,000
Same Period Last Year (act)    482,000    8,000   1,889,000    33,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Wednesday        89,000            25,000

INDEX
                      06/03  06/02  06/01  05/29  05/28  05/27  05/26
CATFAX FED 6 STATE   115.97 116.59 116.61 116.45 116.38 117.76 117.83
CATFAX FED 3 STATE   116.48 117.20 117.40 117.24 117.23 119.37 119.21
CME FEEDER           128.65 128.65 128.25 128.96 129.36 127.02 126.11
CME LEAN HOG         *55.38  57.06  59.23  59.96  61.25  62.95  62.53
3 Area LEAN HOG       52.84  55.35  56.57  59.10  59.31  62.64  61.68
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, Jun 04, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

06/04 AM CARCASS CUTOUT - $ 79.03   CHANGE  +4.02  TOTAL LD COUNT  220.22

06/04 PM CARCASS CUTOUT - $ 74.85   CHANGE  -0.16  TOTAL LD COUNT  481.44

CARLOT PORK -  OPEN 06/04          CARLOT PORK -  CLOSE 06/04
LOADS - CUTS  202.72 TRIM  17.50   LOADS - CUTS  451.34 TRIM  30.11
LOINS 1/4" Trim VAC      119.63    LOINS 1/4" Trim VAC      110.59
LOINS BNLS CC Strap On   105.21    LOINS BNLS CC Strap On   109.33
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#    40.17
       Trm Sel  20-23#  No Test           Trm Sel  20-23#  No Test
       Trm Sel  23-27#    37.83           Trm Sel  23-27#    36.68
BELLIES  Skn-on 10-12#   162.24    BELLIES  Skn-on 10-12#   165.03
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#  No Test

BEEF

Des Moines, IA        Thu, Jun 04, 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 06/04        BEEF CUTOUTS - CLOSE 06/04
CH 600-900# $276.90 -19.00        CH 600-900# $272.26 -23.64
SE 600-900# $264.96 -11.82        SE 600-900# $260.41 -16.37
LOADS     43.02 - Choice Cuts     LOADS    110.72 - Choice Cuts
          11.57 - Select Cuts               26.22 - Select Cuts
           6.97 - Trimmings                 13.19 - Trimmings
           9.75 - Coarse Grinds             16.24 - Coarse Grinds

POULTRY

06/04 - 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 $108 cents FOB
16-24 lb toms $103 to $108 cents FOB

06/04 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 05/30      Week Ago     Yr Ago
                                     145,550      162,218    148,805

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

06/03 Weekly Egg Sets & Chicks Placed
Weekly Egg Sets for the week ending 05/30 - 235 million, down slightly from 
a year ago
Chick placement for the week ending 05/30 - 184 million, down 3% from a year
ago

06/04 - Daily New York Eggs 
Prices are steady.  The undertone is steady to lower. Supplies are moderate
to heavy, while offerings are mostly moderate. Retail demand is moderate to
at times fairly good. Food service demand is light to moderate.  Market
activity is slow to moderate. Eastern region breaking stock supplies are
light to moderate; breaking schedules vary. Spent hen offerings are
moderate for a mostly light demand. 

Extra Large     83-99
Large           77-91
Medium          63-76