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       Burlington Junction MFA Agri Services ---- 660-725-3302         
Grant City MFA Agri Services ---- 660-564-2211     
MFA CUSTOMER PORTAL   
Sheridan MFA Agri Services ---- 660-799-2425                  

 
 

 
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St Joseph, MO         Wed, Jun 03, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES       HOGS      SHEEP
Wednesday 06/03/2020  (est)    114,000    1,000     429,000     6,000
Week ago (est)                 110,000    1,000     421,000     8,000
Year ago (act)                 120,000    2,000     476,000     7,000
Week to date (est)             340,000    5,000   1,254,000    22,000
Same Period Last Week (est)    220,000    3,000     828,000    16,000
Same Period Last Year (act)    360,000    6,000   1,419,000    25,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Tuesday          92,000            24,000

**Revised Tuesday Cattle Slaughter..116,000  New Week to Date..226,000**

INDEX
                      06/02  06/01  05/29  05/28  05/27  05/26  05/25
CATFAX FED 6 STATE   116.59 116.61 116.45 116.38 117.76 117.83 118.43
CATFAX FED 3 STATE   117.20 117.40 117.24 117.23 119.37 119.21 119.23
CME FEEDER           128.65 128.25 128.96 129.36 127.02 126.11 126.44
CME LEAN HOG         *57.06  59.23  59.96  61.25  62.95  62.53   NA
3 Area LEAN HOG       55.35  56.57  59.10  59.31  62.64  61.68   NA
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, Jun 03, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

06/03 AM CARCASS CUTOUT - $ 74.10   CHANGE  -0.27  TOTAL LD COUNT  305.79

06/03 PM CARCASS CUTOUT - $ 75.01   CHANGE  +0.64  TOTAL LD COUNT  505.83

CARLOT PORK -  OPEN 06/03          CARLOT PORK -  CLOSE 06/03
LOADS - CUTS  273.79 TRIM  32.00   LOADS - CUTS  461.02 TRIM  44.81
LOINS 1/4" Trim VAC      142.76    LOINS 1/4" Trim VAC      138.28
LOINS BNLS CC Strap On   138.25    LOINS BNLS CC Strap On   126.07
HAMS - Trm Sel  17-20#    40.37    HAMS - Trm Sel  17-20#    39.07
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    38.80
       Trm Sel  23-27#    36.41           Trm Sel  23-27#    36.18
BELLIES  Skn-on 10-12#   151.34    BELLIES  Skn-on 10-12#   158.10
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#  No Test

BEEF

Des Moines, IA        Wed, Jun 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.

Trends - Not available due to technical issues at the USDA

BEEF CUTOUTS -  OPEN 06/03        BEEF CUTOUTS - CLOSE 06/03
CH 600-900# $300.01 -18.72        CH 600-900# $295.90 -22.83
SE 600-900# $279.66 -10.92        SE 600-900# $276.78 -13.80
LOADS     39.03 - Choice Cuts     LOADS     76.65 - Choice Cuts
          14.45 - Select Cuts               24.91 - Select Cuts
           0.00 - Trimmings                 18.89 - Trimmings
          15.55 - Coarse Grinds             20.55 - Coarse Grinds

POULTRY

06/03 - 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

05/28 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 05/23      Week Ago     Yr Ago
                                     162,218      160,598    171,691

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

06/03 - Daily New York Eggs 
Prices are 2 cents lower for Medium and larger sizes. The undertone is steady
to lower. Supplies are moderate to heavy for current trade purposes. Offerings
are mostly moderate. Retail demand is moderate to fairly good. Market activity
is slow to moderate. 

Extra Large     87-91
Large           85-89
Medium          71-75

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