Thursday, May 24, 2018  
 
 
 
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St Joseph, MO         Thu, May 24, 2018      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES      HOGS       SHEEP
Thursday 05/24/2018   (est)    121,000    2,000     459,000     8,000
Week ago (est)                 120,000    2,000     446,000     8,000
Year ago (act)                 117,000    1,000     444,000     9,000
Week to date (est)             479,000    8,000   1,833,000    32,000
Same Period Last Week (est)    474,000    8,000   1,826,000    30,000
Same Period Last Year (act)    469,000    7,000   1,770,000    32,000
Previous Day Estimated            Steer and Heifer    Cow and Bull
                      Wednesday        94,000            25,000

INDEX
                     05/23  05/22  05/21  05/18  05/17  05/16  05/15  05/14
CATFAX FED 6 STATE  113.53 114.47 114.71 115.07 119.13 119.74 120.92 121.73
CATFAX FED 3 STATE  114.14 115.39 115.71 115.73 118.30 118.62 120.48 121.83
CME FEEDER          134.44 133.43 133.41 133.65 133.66 134.83 135.67 135.92
CME LEAN HOG        *69.29  69.03  68.69  68.38  67.74  67.01  66.14  65.23
3 Area LEAN HOG      66.42  66.14  65.86  65.49  64.73  64.02  63.20  62.45

*DTN projected Lean Hog Index, 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, Oklahoma
CATFAX FED 3 STATES: Kansas, Texas, Oklahoma

PORK

Des Moines, IA        Thu, May 24, 2018      USDA Market News

05/24 AM CARCASS CUTOUT - $ 73.96   CHANGE  -0.85  TOTAL LD COUNT  135.01

05/24 PM CARCASS CUTOUT - $ 74.11   CHANGE  -0.70  TOTAL LD COUNT  252.29
 
CARLOT PORK -  OPEN 05/24          CARLOT PORK - CLOSE 05/24
LOADS - CUTS  119.48  TRIM 15.53   LOADS - CUTS  232.26  TRIM 20.02
LOINS 1/4" Trim VAC       94.68    LOINS 1/4" Trim VAC       94.01
LOINS BNLS CC Strap On   109.47    LOINS BNLS CC Strap On   107.37
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#    56.49
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    56.73
       Trm Sel  23-27#    54.94           Trm Sel  23-27#    55.96
BELLIES  Skn-on 10-12#   176.23    BELLIES  Skn-on 10-12#   177.98
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#  No Test

BEEF

Des Moines, IA        Thu, May 24, 2018      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 Choice and steady on Select on light to
moderate demand and moderate offerings. Select and Choice rib and round cuts
steady to weak while chuck cuts weak to lower. Choice loin cuts steady while 
Select higher. Beef trimmings higher on moderate demand and light offerings.

BEEF CUTOUTS -  OPEN 05/24        BEEF CUTOUTS - CLOSE 05/24
CH 600-900# $229.01  -1.07        CH 600-900# $229.00  -1.08
SE 600-900# $205.18  +0.14        SE 600-900# $204.93  -0.11
LOADS     28.41 - Choice Cuts     LOADS     81.14 - Choice Cuts
          24.14 - Select Cuts               37.58 - Select Cuts
           7.36 - Trimmings                  9.05 - Trimmings
          13.48 - Coarse Grinds             19.07 - Coarse Grinds

POULTRY 

Weekly National Whole Broiler/Fryer Report   
National Composite Wtd Avg for the Week Ending: 05/18    Week Ago    Yr Ago
                                              $117.97    $116.42    $108.46
Weekly National Whole Broiler/Fryer Report
National Composite Wtd Avg for the Month of: April - $108.73

05/23 - Weekly Egg Sets & Chicks Placed 
Weekly Egg Sets for the week ending 05/19 - 232 million, up 3% from a year ago
Chick placement for the week ending 05/19 - 186 million, up 3% from a year ago

05/24 - Daily New York Eggs
Prices are unchanged for Extra Large, large and Medium. The undertone is
steady. Supplies and offerings are moderate. Demand into all channels is
light to moderate. Market activity is slow to moderate.

Extra Large     92-96
Large           90-94
Medium          83-87

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