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St Joseph, MO         Thu, May 23, 2019      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES      HOGS       SHEEP
Thursday 05/23/2019   (est)    117,000    2,000     472,000     9,000
Week ago (est)                 121,000    2,000     464,000     8,000
Year ago (act)                 122,000    2,000     454,000     8,000
Week to date (est)             477,000    8,000   1,882,000    36,000
Same Period Last Week (est)    484,000    8,000   1,845,000    34,000
Same Period Last Year (act)    481,000    8,000   1,829,000    33,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Wednesday        95,000            25,000

INDEX
                      05/23  05/22  05/21  05/20  05/17  05/16  05/15
CATFAX FED 6 STATE          115.67 116.70 116.73 116.73 116.82 117.61
CATFAX FED 3 STATE          114.80 116.43 116.48 116.48 116.56 116.56
CME FEEDER                  133.35 132.16 132.25 131.82 132.76 132.43
CME LEAN HOG         *84.02  84.36  84.39  84.37  84.59  84.59  84.21
3 Area LEAN HOG       81.28  81.79  81.86  81.97  81.75  81.97  81.60
**NA = Not Available Due to Packer Submission Issues.

*DTN 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 24, 2019      USDA Market News

05/24 AM CARCASS CUTOUT - $ 83.52   CHANGE  +0.90  TOTAL LD COUNT  167.94

05/23 PM CARCASS CUTOUT - $ 82.62   CHANGE  -2.21  TOTAL LD COUNT  290.21 

CARLOT PORK -  OPEN 05/24          CARLOT PORK -  CLOSE 05/23
LOADS - CUTS  154.28 TRIM  13.66   LOADS - CUTS  249.62  TRIM 40.59
LOINS 1/4" Trim VAC      112.26    LOINS 1/4" Trim VAC      103.06
LOINS BNLS CC Strap On   126.70    LOINS BNLS CC Strap On   114.48
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#    80.99
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    82.26
       Trm Sel  23-27#    81.09           Trm Sel  23-27#    79.59
BELLIES  Skn-on 10-12#   218.07    BELLIES  Skn-on 10-12#   213.95
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#   221.43

BEEF

Des Moines, IA        Fri, May 24, 2019      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.

BEEF CUTOUTS -  OPEN 05/24        BEEF CUTOUTS - CLOSE 05/23
CH 600-900# $221.50  +0.71        CH 600-900# $220.79  +1.04
SE 600-900# $208.48  +1.95        SE 600-900# $206.53  +0.72  
LOADS     28.75 - Choice Cuts     LOADS     71.32 - Choice Cuts
          12.52 - Select Cuts               21.36 - Select Cuts
          12.09 - Trimmings                  5.05 - Trimmings
          11.00 - Coarse Grinds             21.49 - Coarse Grinds

POULTRY

05/23 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 05/18      Week Ago     Yr Ago
                                     166,906      164,441    164,148

05/17 - Weekly National Whole Broiler/Fryer Report   
National Composite Wtd Avg for the Week Ending: 05/17    Week Ago      Yr Ago
                                              $101.87     $101.54     $117.97
Weekly National Whole Broiler/Fryer Report
National Composite Wtd Avg for the Month of:  April - $ 97.61

05/22 - Weekly Egg Sets & Chicks Placed 
Weekly Egg Sets for the week ending 05/18 - 235 million, up 1% from a year ago
Chick placement for the week ending 05/18 - 189 million, up 2% from a year ago

05/24 - Daily New York Eggs
Prices are steady. The undertone is steady. Supplies are moderate to at times
heavy for needs. Offerings are moderate. Demand is generally moderate. Market
activity is slow to moderate.

Extra Large     56-60
Large           54-58
Medium          52-56

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