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                   **Revision to Hog Slaughter**
St Joseph, MO         Fri, Apr 03, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES      HOGS       SHEEP
Friday 04/03/2020     (est)    107,000    2,000     483,000     5,000
Week ago (est)                 117,000    2,000     489,000     6,000
Year ago (act)                 107,000    2,000     420,000     8,000
Week to date (est)             574,000   11,000   2,431,000    30,000
Same Period Last Week (est)    601,000   11,000   2,479,000    35,000
Same Period Last Year (act)    589,000   10,000   2,322,000    43,000

Saturday 04/04/2020   (est)     52,000        0     134,000         0
Week ago (est)                  75,000        0     275,000     1,000
Year ago (act)                  37,000        0     141,000     2,000
Week to date (est)             626,000   11,000   2,565,000    30,000
Same Period Last Week (est)    676,000   11,000   2,754,000    36,000
Same Period Last Year*(act)    627,000   10,000   2,464,000    44,000
2020 Year to Date            8,645,000  141,000  35,864,000   489,000
2019 *Year to Date           8,436,000  156,000  34,164,000   526,000
Percent change                    2.5%    -9.5%        5.0%     -7.1%
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          91,000            24,000

INDEX
                      04/02  04/01  03/31  03/30  03/27  03/26  03/25
CATFAX FED 6 STATE   111.55 113.35 119.59 119.59 119.59 119.38 119.08
CATFAX FED 3 STATE   111.04 112.46 119.73 119.73 119.73 119.57 119.57
CME FEEDER           121.07 126.09 129.82 131.10 132.57 130.44 128.50
CME LEAN HOG         *60.65  63.08  64.46  65.15  65.56  66.46  66.17
3 Area LEAN HOG       57.88  60.13  61.73  62.95  62.89  63.91  64.45
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, Apr 03, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

04/03 AM CARCASS CUTOUT - $ 60.72   CHANGE  +1.51  TOTAL LD COUNT  202.17

04/03 PM CARCASS CUTOUT - $ 57.37   CHANGE  -1.84  TOTAL LD COUNT  403.45

CARLOT PORK -  OPEN 04/03          CARLOT PORK -  CLOSE 04/03
LOADS - CUTS  181.75 TRIM  20.42   LOADS - CUTS  368.86 TRIM  34.59
LOINS 1/4" Trim VAC      136.95    LOINS 1/4" Trim VAC      134.84
LOINS BNLS CC Strap On   169.45    LOINS BNLS CC Strap On   172.69
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#    30.46
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    32.55
       Trm Sel  23-27#    29.13           Trm Sel  23-27#    29.00
BELLIES  Skn-on 10-12#   130.53    BELLIES  Skn-on 10-12#   127.59
BOXED    Skn-on 12-14#   185.68    BOXED    Skn-on 12-14#    88.57

BEEF

Des Moines, IA        Fri, Apr 03, 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 lower on light demand and light offerings. Select and 
Choice rib, chuck, and loin cuts weak to lower while round cuts steady.

BEEF CUTOUTS -  OPEN 04/03        BEEF CUTOUTS - CLOSE 04/03
CH 600-900# $231.95  -0.69        CH 600-900# $230.44  -2.20
SE 600-900# $221.01  -1.11        SE 600-900# $215.84  -6.28
LOADS     18.19 - Choice Cuts     LOADS     37.22 - Choice Cuts
           5.70 - Select Cuts               12.67 - Select Cuts
           0.00 - Trimmings                 45.32 - Trimmings
          12.78 - Coarse Grinds             14.89 - Coarse Grinds

POULTRY

04/03 - 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

04/02 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 03/28      Week Ago     Yr Ago
                                     169,683      171,690    161,340

04/03 - Weekly National Whole Broiler/Fryer Report:  
National Composite Wtd Avg for the Week Ending: 04/03    Week Ago      Yr Ago
                                              $ 66.61     $ 83.68     $ 96.62
National Composite Wtd Avg for the Month of:  March -     $ 79.35

04/01 Weekly Egg Sets & Chicks Placed
Weekly Egg Sets for the week ending 03/28 - 239 million, up 3% from a year ago
Chick placement for the week ending 03/28 - 191 million, up 3% from a year ago

04/03 - Daily New York Eggs 
Prices are 10 cents lower for Extra Large and Large, 15 cents lower for Medium.
The undertone is lower. Supplies are light to moderate. Offerings are light to
at times moderate. Retail demand is moderate to mostly good. Market activity is
moderate.

Extra Large    287-291
Large          285-289
Medium         178-182