St Joseph, MO         Fri, May 22, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES      HOGS       SHEEP
Friday 05/22/2020     (est)    102,000    1,000     380,000     7,000
Week ago (est)                  91,000    1,000     375,000     7,000
Year ago (act)                 120,000    3,000     404,000     8,000
Week to date (est)             499,000    7,000   1,960,000    39,000
Same Period Last Week (est)    449,000    7,000   1,853,000    37,000
Same Period Last Year (act)    601,000    9,000   2,271,000    42,000

Saturday 05/23/2020   (est)     56,000        0     170,000         0
Week ago (est)                  50,000        0     245,000     1,000
Year ago (act)                  46,000        0      40,000         0
Week to date (est)             555,000    7,000   2,130,000    39,000
Same Period Last Week (est)    499,000    7,000   2,098,000    38,000
Same Period Last Year*(act)    647,000   10,000   2,310,000    42,000
2020 Year to Date            12,113,00  187,000  50,090,000   747,000
2019 *Year to Date           13,006,00  224,000  50,648,000   832,000
Percent change                   -6.9%   -16.6%       -1.1%    -10.2%
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          80,000           23,000

INDEX
                      05/21  05/20  05/19  05/18  05/15  05/14  05/13
CATFAX FED 6 STATE   117.61 117.29 114.90 114.04 114.04 110.28 110.14
CATFAX FED 3 STATE   118.66 117.93 115.93 114.73 114.73 112.96 112.95
CME FEEDER           126.24 126.60 126.89+126.88+125.78 124.80 123.95
CME LEAN HOG         *63.45  64.59  65.98  67.04  67.60  68.70  68.87
3 Area LEAN HOG       62.50  63.16  64.45  64.50  66.75  65.42  66.11
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 22, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

05/22 AM CARCASS CUTOUT - $ 97.82   CHANGE  -0.03  TOTAL LD COUNT  340.31

05/22 PM CARCASS CUTOUT - $ 96.75   CHANGE  -1.10  TOTAL LD COUNT  483.44

CARLOT PORK -  OPEN 05/22          CARLOT PORK -  CLOSE 05/22
LOADS - CUTS  327.11 TRIM  13.20   LOADS - CUTS  458.14 TRIM  25.29
LOINS 1/4" Trim VAC      210.71    LOINS 1/4" Trim VAC      210.87
LOINS BNLS CC Strap On   317.57    LOINS BNLS CC Strap On   315.33
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#    38.74
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    37.71
       Trm Sel  23-27#    35.44           Trm Sel  23-27#    35.73
BELLIES  Skn-on 10-12#   200.33    BELLIES  Skn-on 10-12#   196.64
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#   148.80

BEEF

Des Moines, IA        Fri, May 22, 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 05/22        BEEF CUTOUTS - CLOSE 05/22
CH 600-900# $400.87  -0.94        CH 600-900# $396.74  -5.07
SE 600-900# $376.06  -6.47        SE 600-900# $374.18  -8.35
LOADS     21.89 - Choice Cuts     LOADS     46.14 - Choice Cuts
           6.45 - Select Cuts               13.65 - Select Cuts
           7.31 - Trimmings                  9.00 - Trimmings
          30.80 - Coarse Grinds             32.06 - Coarse Grinds

POULTRY

05/22 - 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

05/20 Weekly Egg Sets & Chicks Placed
Weekly Egg Sets for the week ending 05/16 - 231 million,  2% Lr from a year ago
Chick placement for the week ending 05/16 - 170 million, 10% Lr from a year ago

05/22 - Daily New York Eggs 
Prices are steady. The undertone is steady. Supplies vary, but are generally
moderate to heavy for needs. Offerings are usually moderate. Retail demand is
moderate to fairly good. Market activity is slow to moderate

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