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Weighted Average Direct Slaughter Cattle Prices

ST JOSEPH - May 9/08 - SNS -- Weighted average sales values for cattle sold for slaughter in five key market areas in the United States were summarized by the USDA today.


5 AREA DAILY WEIGHTED AVERAGE DIRECT SLAUGHTER CATTLE - NEGOTIATED
Texas/Oklahoma/New Mexico; Kansas; Nebraska; Colorado; Iowa/Minnesota feedlots
Recap for: Thursday, 5/8/2008

This report is based on information provided by companies that agreed to
continue to participate in Livestock Mandatory Reporting on a voluntary
basis.

Head Count:     33,680   Week Ago:  113,464   Last Year:   178,331
Week to Date:   55,581   Week Ago:  116,583   Last Year:   211,137

                              LIVE FOB BASIS - Beef Breeds
                       Head      Weight          Price        Avg      Avg
                       Count      Range          Range      Weight     Price
STEERS
 Over 80% Choice          80   1,385-1,425    92.00-95.00    1,405     93.50
 65 - 80% Choice       1,005   1,250-1,450    91.00-93.50    1,355     92.22
 35 - 65% Choice         753   1,300-1,375    91.50-93.50    1,330     92.96
  0 - 35% Choice                    -              -
 Total all grades      1,838   1,250-1,450    91.00-95.00    1,347     92.58
HEIFERS
 Over 80% Choice         254   1,075-1,250    92.00-93.00    1,168     92.34
 65 - 80% Choice       1,151   1,175-1,250    92.00-93.50    1,229     92.65
 35 - 65% Choice         732   1,150-1,200    92.00-93.00    1,184     92.36
  0 - 35% Choice                    -              -
 Total all grades      2,137   1,075-1,250    92.00-93.50    1,206     92.52

                          DRESSED DELIVERED BASIS - Beef Breeds
                       Head      Weight          Price        Avg      Avg
                       Count      Range          Range      Weight     Price
STEERS
 Over 80% Choice         498     806-906     148.00-149.00     850    148.08
 65 - 80% Choice       3,170     769-933     146.00-149.00     841    148.00
 35 - 65% Choice       9,201     677-905     146.00-149.00     813    147.58
  0 - 35% Choice          84     832-844     146.00-148.00     838    146.95
 Total all grades     12,953     677-933     146.00-149.00     821    147.70
HEIFERS
 Over 80% Choice         844     719-806     147.00-149.00     748    148.19
 65 - 80% Choice       3,593     693-901     147.00-149.00     769    147.94
 35 - 65% Choice       6,599     672-813     146.00-149.00     754    147.71
  0 - 35% Choice                    -              -
 Total all grades     11,036     672-901     146.00-149.00     758    147.82

WEEKLY ACCUMULATED       Head Count     Avg Weight     Avg Price
Live    Steer               2,914          1,331          92.37
Live    Heifer              3,370          1,197          92.26
Dressed Steer              25,454            827         147.84
Dressed Heifer             13,657            761         147.72

SAME PERIOD LAST WEEK    Head Count     Avg Weight     Avg Price
Live    Steer              40,437          1,259          92.02
Live    Heifer             32,347          1,141          92.03
Dressed Steer              17,140            836         147.51
Dressed Heifer              9,237            737         146.45

SAME PERIOD LAST YEAR    Head Count     Avg Weight     Avg Price
Live    Steer              74,625          1,252          97.07
Live    Heifer             40,630          1,141          97.13
Dressed Steer              37,251            803         154.33
Dressed Heifer             26,162            734         154.29


Source:    USDA Market News Service, St. Joseph, MO

---

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