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St Joseph, MO         Wed, Jul 08, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES       HOGS      SHEEP
Wednesday 07/08/2020  (est)    120,000    2,000     467,000     8,000
Week ago (est)                 121,000    1,000     469,000     8,000
Year ago (act)                 118,000    3,000     482,000     7,000
Week to date (est)             354,000    6,000   1,388,000    23,000
Same Period Last Week (est)    363,000    5,000   1,406,000    25,000
Same Period Last Year (act)    357,000    8,000   1,442,000    24,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Tuesday          94,000            25,000

INDEX
                      07/07  07/06  07/03  07/02  07/01  06/30  06/29
CATFAX FED 6 STATE    95.15  94.93   NA    94.92  95.16  95.73  95.77
CATFAX FED 3 STATE    94.62  94.47   NA    94.41  94.84  95.51  95.51
CME FEEDER              NA  130.13 128.98 128.88 129.05 129.13 129.42
CME LEAN HOG         *45.35  45.90   NA    45.66  45.02  45.28  45.24
3 Area LEAN HOG       42.71  43.04   NA    43.87  42.61  42.01  42.21
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        Wed, Jul 08, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

07/08 AM CARCASS CUTOUT - $ 62.78   CHANGE  +0.18  TOTAL LD COUNT  170.91

07/08 PM CARCASS CUTOUT - $ 67.16   CHANGE  +4.56  TOTAL LD COUNT  384.58

CARLOT PORK -  OPEN 07/08          CARLOT PORK -  CLOSE 07/08
LOADS - CUTS  156.26 TRIM  14.65   LOADS - CUTS  349.91 TRIM  34.67
LOINS 1/4" Trim VAC       71.67    LOINS 1/4" Trim VAC       72.22
LOINS BNLS CC Strap On   100.30    LOINS BNLS CC Strap On   101.29
HAMS - Trm Sel  17-20#    37.87    HAMS - Trm Sel  17-20#    37.87
       Trm Sel  20-23#    35.80           Trm Sel  20-23#    36.16
       Trm Sel  23-27#    36.13           Trm Sel  23-27#    35.83
BELLIES  Skn-on 10-12#   178.71    BELLIES  Skn-on 10-12#   179.07
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#  No Test

BEEF

Des Moines, IA        Wed, Jul 08, 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.

BEEF CUTOUTS -  OPEN 07/08       BEEF CUTOUTS -  CLOSE 07/08
CH 600-900# $204.53  -0.77        CH 600-900# $203.83  -1.47
SE 600-900# $195.63  -1.21        SE 600-900# $195.52  -1.32
LOADS     44.74 - Choice Cuts     LOADS     94.34 - Choice Cuts
          19.32 - Select Cuts               37.17 - Select Cuts
           6.06 - Trimmings                 21.93 - Trimmings
          17.90 - Coarse Grinds             24.15 - Coarse Grinds

POULTRY

07/08 - Daily Turkey Market - Frozen 2019 Grade A basted equivalent 
processor offering prices on a national basis (for current deliveries).
 8-16 lb hens $105 to $113 cents FOB
16-24 lb toms $105 to $113 cents FOB

07/02 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 06/27      Week Ago     Yr Ago
                                     164,757      161,890    176,310

07/02 - Weekly National Whole Broiler/Fryer Report:  
National Composite Wtd Avg for the Week Ending: 07/02    Week Ago      Yr Ago
                                              $ 74.97     $ 74.24     $ 93.75
National Composite Wtd Avg for the Month of: June - $ 74.97

07/08 - Weekly Egg Sets & Chicks Placed
Weekly Egg Sets for the week ending 07/04 - 231 million, off 1% from a year ago
Chick placement for the week ending 07/04 - 191 million,  up 1% from a year ago

07/08 - Daily New York Eggs 
Prices are steady. The undertone is steady. Supplies and offerings are mostly
moderate. Retail demand is moderate to instances fairly good. Food service 
demand is light to moderate. Market activity is moderate to at times slow. 

Extra Large     95-99
Large           93-97
Medium          68-72

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