Daily Midwest Livestock Summary

AMARILLO - Oct 25/07 - SNS -- Market conditions for cattle, hogs and

lambs in the major markets in the U.S. midwest are summarized in the latest daily report from the USDA.

Daily Livestock Summary

                                     CATTLE
Direct Trade:
   In the direct slaughter cattle trade in the Five Major Marketing Areas,
Texas/Oklahoma; Kansas; Nebraska; Colorado; Iowa/Minnesota: not enough sales for
an adequate market trend.  Steers: Live basis; (all Grades: 14 head) 91.00.
Dressed basis; (all Grades: 447 head) 140.00-143.00, weighted average 141.15.
Heifers: live basis; (all Grades: 77 head) 90.00-91.50, weighted average 91.11.
Dressed Basis; (all Grades: 345 head) 140.00-143.00, weighted average 142.21.

Auction markets:
  Tama Slaughter Cattle Auction - Tama, IA on Wednesday
Compared to last week choice steers and heifers steady to .75 lower, with heavy
cattle discounted the most.  Slaughter Steers Choice 2-4: 1208-1650 lbs 84.50-
92.85.  Select and Choice 2-3: 1179-1488 lbs 88.75-90.75.  Slaughter Heifers
Choice 2-4: 1144-1415 lbs 89.00-91.35.  Select and Choice 2-3: 1075-1493 lbs
88.50-90.00.

                 CATTLE Slaughter under Federal Inspection
                  Thursday (est)                   128,000
                  Week ago (est)                   125,000
                  Year ago (act)                   122,000
                  Week to date (est)               517,000
                  Same Period Last Week (est)      516,000
                  Same Period Last Year (act)      502,000

                    CME Futures Closes for Live Cattle:
Month        Close        Change            Month      Close       Change
Oct          95.40        +  .27            Apr        97.80       +  .15
Dec          96.25        +  .37            Jun        94.37       +  .17
Feb          98.05        +  .37            Aug        94.52       +  .30

   Sioux Falls Slaughter Cattle – Close on Wednesday Compared to last week:
Slaughter cows mostly steady.
             Pct Lean  Weight   Avg Dress    High Dress     Low Dress
Prem.White    65-75     1583       --            --           57.00
Breakers      75-80  1420-1810  53.50-56.50     59.50           --
Boners        80-85  1135-1603  52.00-57.00     57.00      48.00-50.50
Lean          85-90  1000-1391  45.00-50.50      --        40.50-42.50

El Reno, OK, on Wednesday.  Slaughter cows steady.
              %Lean     Weight     Average Dress   High Dress    Low Dress
Breaker        75-80%  1050-1850    48.00-50.50       -----      46.50-47.00
Boners         80-85%  1075-1500    48.50-51.00    52.00-54.50   45.00-46.50
Lean           85-90%  1000-1375    45.00-47.00       -----      39.00-42.50
Lights         80-90%   900-1000       43.50          -----      35.00-38.50

OKC West - El Reno Livestock Market on Wednesday
Compared to last week:  Feeder steers 2.00-3.00 lower.  Feeder heifers
steady with previous weeks light test.  Steer and heifer calves steady to 3.00
lower with limited numbers of Medium and Large No. 1 calves holding steady.
   Feeder Steers:  Medium and Large 1:  Calves:  345-400 lbs 129.00-140.00;
few 425-500 lbs 122.00-125.00; 550-600 lbs 111.50-116.00, thin 119.00-122.50;
600-650 lbs 105.00-114.00; 650-700 lbs 102.50-106.50; 700-750 lbs 99.00-
105.00; Yearlings:  700-775 lbs 110.00-115.75; 800-900 lbs 105.50-110.75; lot
930 lbs 100.00; 2 loads 975 lbs 96.00.
   Feeder Heifers:  Medium and Large 1:  Calves:  few 325-400 lbs 110.00-
116.00; 400-425 lbs 109.00-113.00; lot 490 lbs 106.00; few 500-550 lbs
105.00-109.00; 600-700 lbs 97.00-104.50;  Yearlings:  600-700 lbs 105.00-109.25;
few 700-775 lbs 101.50-107.00, 765 lbs fleshy 101.00; load 835 lbs 101.50.

                      CME Future Closes for Feeder Cattle
Month       Close       Change            Month       Close        Change
Oct        110.90       -  .20            Mar         110.07       -  .40
Nov        110.45       -  .05            Apr         111.87       -  .10
Jan        109.77       -  .27            May         113.15       -  .10

                                     HOGS
Direct trade:
   Dressed Basis: based on 185 lbs hog carcass with 0.9-1.1 inch back fat and 6
inch square loin/2.0 inch depth plant delivered.  National direct trade barrows
and gilts .61 lower with prices ranging from 41.00-57.50, weighted average
price 53.29.  Iowa-Minnesota .08 lower at 41.00-57.50, weighted average price
54.50.  Western Cornbelt .21 lower at 41.00-57.50, weighted average price
54.31 and the Eastern Cornbelt 1.38 lower at 42.00-55.00, weighted average price
51.48.

   Live Basis (240-280 lbs): National direct barrows and gilt 1.38 lower at
33.41-44.94, weighted average 41.59.  Iowa-Minnesota 2.00 lower at 37.91-44.94,
weighted average 42.42.  Western Cornbelt 2.40 lower at 33.41-44.94, weighted
average 42.02.  Eastern Cornbelt .79 lower at 34.12-42.75, weighted average
41.27.

Terminal Markets:
   At Sioux Falls, barrows and gilts .50 higher with 49-51 percent lean 220-
280 lbs selling 38.00.
   At St. Joseph, barrows and gilts sold steady with 46-50 percent lean 240-280
lbs selling at 35.50-36.00.

                    HOG Slaughter under Federal Inspection
                  Thursday (est)                      426,000
                  Week ago (est)                      425,000
                  Year ago (act)                      422,000
                  Week to date (est)                1,697,000
                  Same Period Last Week (est)       1,696,000
                  Same Period Last Year (act)       1,664,000

                      CME Futures Closes for Lean Hogs:
Month       Close       Change          Month       Close       Change
Dec         54.60       -  .75          May         71.32       -  .25
Feb         61.65       -  .70          Jun         74.12       +  .05
Apr         65.37       -  .72          Jul         73.62       +  .07

                                     SHEEP
Auction Markets:
   Centennial Livestock Auction, Ft. Collins, CO - on Wednesday
Compared to last week:  Not enough of any class for an adequate market test.
Slaughter Lambs: Wooled: Choice and Prime 3-4 100-105 lbs 102.00-107.00; Choice
2-4 90-110 lbs 95.00-105.00; 110-130 lbs 87.00-92.00.  Good 1-3 50-85 lbs 84.00-
91.00; 97-105 lbs 80.00-83.50.

                   SHEEP Slaughter under Federal Inspection
                  Thursday (est)                      11,000
                  Week ago (est)                      11,000
                  Year ago (act)                      10,000
                  Week to date (est)                  43,000
                  Same Period Last Week (est)         43,000
                  Same Period Last Year (act)         42,000

                                     GOATS
Auction Markets:
   Centennial Livestock Auction, Ft. Collins, CO - on Wednesday
Compared to last week:  All classes of goats mostly steady to 2.00 lower on a
very thin test.  Slaughter/Feeder Kids: Selection 1 81 lb 73.00; 100-110 lbs
80.00-85.00; 118 lb 99.00.  Selection 2 35-40 lbs 21.00-23.00; 45-50 lbs 32.00-
38.00; 50-60 lbs 38.00-44.00; 60-65 lbs 53.00-59.00; 70-75 lbs 60.00-62.50; 80-
90 lbs 75.00-81.00.  Selection 3 25-35 lbs 12.00-13.00; 40-50 lbs 20.00-28.00;
50-55 22.50-30.00; 60-65 lbs 32.00-37.00; 70-85 lbs 59.00-66.00.

Source: USDA-TX Dept of Ag Market News, Amarillo, TX

---

STAT News Service