Daily Midwest Livestock Summary

AMARILLO - May 9/08 - 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; on Friday live sales
in south plains 2.00 higher; live sales in the north plains .50-1.00 higher;
dressed sales in Nebraska and Iowa steady to 1.00 higher.
Steers: Live basis; (all Grades: 48,028 head) 92.00-94.50, weighted average
93.92.  Dressed basis; (all Grades: 11,287 head) 147.00-150.00, weighted average
148.63. Heifers: Live basis; (all Grades: 26,237 head) 92.30-94.50, weighted
average 93.98. Dressed Basis; (all Grades: 7,424 head) 147.00-150.00, weighted
average 148.59.

For the week:  Live sales in the south plains 2.00 higher; dressed sales in
Nebraska and Iowa, Minnesota steady and Colorado 1.00-2.00 lower.

Auction Markets:
   Walnut Livestock Auction, Walnut, IL - on Thursday
Compared to last week, slaughter steers and slaughter heifers sold 2.50-3.50
higher.
   Slaughter Steers: Choice 2-3 1200-1450 lbs 91.75-96.50.
   Slaughter Heifers: Choice 2-3 1020-1300 lbs 90.75-96.85.

 Sheldon Cattle Auction, Sheldon, IA on Thursday
Compared to last week, Choice steers 1.00 higher and Choice heifers .75-1.00
higher.
  Slaughter Steers: Choice 2-4 1150-1400 lbs 89.00-92.50.
  Slaughter Heifers: Choice 2-4 1050-1350 lbs 88.00-91.85.

The average live weight of cattle slaughtered in the Texas Panhandle for the
week ending 05-03-2008 was 1221 lbs with 34 percent heifers compared to 1224 lbs
and 36 percent heifers the previous week and 1188 lbs and 35 percent heifers the
same week a year ago.

                    CATTLE Slaughter under Federal Inspection
Friday   (est)               126,000    Saturday (est)                62,000
Week ago (est)               125,000    Week ago (est)                64,000
Year ago (act)               125,000    Year ago (act)                62,000
Week to date (est)           636,000    Week to date (est)           698,000
Same Period Last Week (est)  635,000    Same Period Last Week (est)  699,000
Same Period Last Year (act)  611,000    Same Period Last Year (act)  672,000

                      CME Futures Closes for Live Cattle:
Month        Close        Change            Month      Close       Change
Jun          94.52         +  .87           Dec       107.57       + 1.05
Aug         100.20         +  .90           Feb       108.62       +  .77
Oct         107.05         + 1.30           Apr       110.05       + 1.10

Cattleman's Livestock Auction - Dalhart, TX - Thursday - 05/08/08
   Compared to last week: Slaughter cows 3.00-4.00 higher.
Slaughter Cows:
                % Lean    Weight         Avg Dressing  Hi Dressing   Lo Dressing
Breakers        75-80     1200-1400      57.00-58.75
Boners          80-85     1100-1400      60.00-62.00
Lean            85-90     1000-1200      59.00-62.00

Farmers and Ranchers Livestock Commission Co. Salina, KS for   05/08/2008
Receipts: 2332		Last Week: 4168		Year Ago: 2321
Compared with last week: Steers 300-600 lbs mostly steady on a light offering,
600-750 lbs steady to 5.00 higher, mostly firm to 3.00 higher, 750-950 lbs firm
to 3.00 higher.  Heifers 300-500 lbs weak to 2.00 lower on the light offering,
500-700 lbs firm to 2.00 higher, 700-1000 lbs steady to firm, few 700-750 lbs
2.00-4.00 higher.
Feeder Steers (Figures in parentheses are weighted average prices.)
   Medium and Large 1: 300-350 lbs 128.00-131.00 (129.60), 350-400 lbs 125.50-
130.00 (127.70); 10 head Thin 365-379 lbs 132.00-136.00 (134.83), 400-450 lbs
126.00-129.00 (127.36); 450-500 lbs 125.00-126.00 (125.56); 500-550 lbs 120.00-
124.00 (123.14); 4 head 623 lbs 119.00; 650-700 lbs 111.75-116.00 (114.90); 13
head Value Added 681 lbs 119.00, 700-750 lbs 112.00-115.50 (113.28); 750-800 lbs
105.00-110.00 (109.20); 800-850 lbs 104.00-108.50 (105.74); 63 head Value Added
813 lbs 111.00; 850-900 lbs 103.25-106.85 (106.25); 900-950 lbs 100.35-101.75
(100.48); 8 head 979 lbs 96.00.
   Medium and Large 1-2: 450-500 lbs 122.50-123.00 (122.75); 500-550 lbs 121.00-
122.00 (121.24); 43 head 596 lbs 117.50; 600-650 lbs 113.00-116.50 (115.35);
900-950 lbs 96.00-96.75 (96.33); 11 head 974 lbs 94.25.
Feeder Heifers (Figures in parentheses are weighted average prices.)
   Medium and Large 1: 300-350 lbs 112.00-115.00 (113.28); 350-400 lbs 112.00-
115.00 (113.41); 4 head Thin 380 lbs 118.00; 400-450 lbs 108.00-111.00 (109.69);
9 head Thin 418 lbs 114.00; 450-500 lbs 109.00-112.50 (110.61); 500-550 lbs
110.00-112.75 (111.67); 550-600 lbs 108.00-111.50 (110.48); 600-650 lbs 105.00-
110.00 (108.53); 28 head Thin 639 lbs 114.00; 5 head 667 lbs 104.50; 33 head
Value Added 653-661 lbs 111.00-114.50 (113.24); 700-750 lbs 102.25-103.75
(103.16); 61 head 763 lbs 98.25; 52 head Value Added 766 lbs 106.75; 800-850 lbs
94.50-95.75 (95.32); 16 head 860 lbs 94.00; 15 head 919 lbs 93.50; 10 head 980
lbs 90.25.
   Medium and Large 1-2: 350-400 lbs 109.00-110.00 (109.49); 500-550 lbs 106.00-
108.75 (107.25); 550-600 lbs 104.00-106.50 (104.71); 650-700 lbs 100.00-103.00
(100.72); 8 head 720 lbs 98.00; 10 head 923 lbs 92.50.

                     CME Future Closes for Feeder Cattle:
Month       Close       Change            Month       Close        Change
May        107.35       +  .57            Oct        112.47        +  .75
Aug        109.92       +  .45            Nov        112.70        +  .65
Sep        111.55       +  .80            Jan        110.20        +  .20

                               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 .89 higher with prices ranging from 68.00-81.76, weighted average
price 78.27.  Iowa-Minnesota 1.05 higher at 68.00-81.76, weighted average price
79.00.  Western Cornbelt .81 higher at 68.00-81.76, weighted average price
79.07.  Eastern Cornbelt 1.29 higher at 73.01-79.73, weighted average price
76.84.

   Live Basis (240-280 lbs): National direct barrows and gilts .56 higher at
51.24-65.93 weighted average 60.38.  Iowa-Minnesota .78 higher 55.32-64.00,
weighted average 61.46.  Western Cornbelt .08 lower at 53.56-64.00, weighted
average 60.52.  Eastern Cornbelt 1.66 higher at 51.24-65.93, weighted average
60.07.

Terminal markets: Sioux Falls, SD. Barrows and gilts 1.50-3.00 higher with 49-51
percent lean 220-280 lbs selling 56.00-58.00 and St. Joseph, MO, not well tested
on barrows and gilts.

For the week: National Direct barrow and gilt prices .24 higher.  Terminals in
Sioux Falls barrows and gilts finished 4.00-6.00 higher.  St. Joseph barrows and
gilts finished 1.00 higher..

                     HOG Slaughter under Federal Inspection
Friday   (est)                405,000  Saturday (est)                 34,000
Week ago (est)                407,000  Week ago (est)                 80,000
Year ago (act)                380,000  Year ago (act)                 18,000
Week to date (est)          2,055,000  Week to date (est)          2,089,000
Same Period Last Week (est) 2,075,000  Same Period Last Week (est) 2,155,000
Same Period Last Year (act) 1,921,000  Same Period Last Year (act) 1,939,000

                       CME Futures Closes for Lean Hogs:
  Month       Close       Change          Month       Close        Change
  May         80.22       +  .85          Aug         79.10        +  .25
  Jun         76.87       +  .40          Oct         75.95        +  .07
  Jul         76.95       -  .15          Dec         77.90        +  .07

                             SHEEP
Auction Markets:
   Slaughter lambs not tested.

Direct Markets:
  Eastern Cornbelt Direct Sheep Weekly Report
(includes lambs sold in IL.,IN.,OH.,MI.)
Compared to last week, slaughter lambs sold 4.00 to 5.00 higher.
Wooled Slaughter Lambs: Choice and Prime 2-3: 110-130 lbs 92.00. Good and Choice
1-2: 30-60 lbs 125.00.


                     SHEEP Slaughter under Federal Inspection
Friday   (est)                 9,000     Saturday   (est)              2,000
Week ago (est)                 8,000     Week ago   (est)                  0
Year ago (act)                 8,000     Year ago   (act)                  0
Week to date (est)            45,000     Week to date (est)           47,000
Same Period Last Week (est)   41,000     Same Period Last Week (est)  41,000
Same Period Last Year (est)   46,000     Same Period Last Year (act)  46,000

                                 GOATS
Direct Markets:
   Eastern Cornbelt Direct Goats
Slaughter kids and bucks sold 2.00 to 5.00 higher.
 Slaughter Goats (cwt.):
Kids: Selection 1: 40-60 lbs 130.00-140.00
Selection 2: 40-60 lbs 125.00-140.00
Selection 3: 40-60 lbs 90.00; 60-80 lbs 110.00

Auction Markets:
   South Carolina Weekly Auctions
   Goats: Receipts 388.  Goats sold per head basis.  Slaughter and Replacement
classes.  Weights are estimated.  Kids: Selection 1 Under 20 lbs 16.00-21.00,
20-40 lbs 24.00-42.50, 40-60 lbs 36.00-49.00, 60-80 lbs 52.00-65.00; Selection 2
Under 20 lbs 10.00-13.00, 20-40 lbs 14.00-35.00, 40-60 lbs 37.50-42.50.
Yearlings: Selection 1 40-60 lbs 37.00-42.00, 60-80 lbs 49.00-50.00; Selection 2
40-60 lbs 24.00-32.50.

Kentucky Weekly Auctions
				  Goats: (per head)
Slaughter Classes:
Kids: Selection 2: 20-45 lbs 10.00-29.00; 45-60 lbs 21.00.  Selection 3: 25-45
lbs 24.00-32.50.
				  Goats: (per hundred weight)
Slaughter Classes:
Kids: Selection 2: 30-45 lbs 111.00; 45-60 lbs 150.00; 60-80 lbs 143.00; 80-100
lbs 95.00.  Selection 3: 40-60 lbs 112.00-132.00.
Does: 60-80 lbs 57.00; 80-120 lbs 41.00.





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

---

STAT News Service