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Daily Summary of Slaughter Cattle Prices

ST JOSEPH - May 15/08 - SNS -- Daily review of slaughter cattle sales, weights and average prices paid for live and dressed steers and heifers.


NATIONAL DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Summary
Roundup for:  Wednesday, 5/14/08

Trading was mostly inactive in all major feeding regions.  Not enough sales reported
to establish a market trend.  Last week in the South Plains live sales traded at
94.00.  Dressed sales in Kansas sold from 148.50-149.00.  Last week live sales in
Nebraska and Colorado traded at 94.00 while Iowa/Minnesota sold at 92.00.  Dressed
sales in Nebraska and Iowa/Minnesota sold from 147.00-149.00 while Colorado traded at
147.00.

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

Domestic source only. Live sales based on net weights FOB the feedlot after a
3-4% shrink. Dressed sales based on hot carcass weights delivered to the plant.

NEGOTIATED CASH:
Confirmed:         681            Week ago:   25,670          Year ago:    8,707
Week to Date:    2,418            Week ago:   28,095          Year ago:   15,811

NEGOTIATED GRID BASE:
Confirmed:       2,136            Week ago:    5,203          Year ago:    6,263
Week to Date:    6,385            Week ago:   10,064          Year ago:   18,106


NEGOTIATED CASH SALES

                     Head    Wtd Avg    Avg Wt    Wtd Avg      Price     Wtd Avg
                    Count   Dress Pct    Range     Weight      Range      Price
STEER
 No Trade Reported.
HEIFER - LIVE - FOB
 Over 80% Choice       44     65.5   1,300-1,300  1,300.0   93.50-93.50    93.50
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      44     65.5   1,300-1,300  1,300.0   93.50-93.50    93.50
HEIFER - DRESSED - DELIVERED
 No Trade Reported.
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice                          -                      -
 65 - 80% Choice       42     64.2   1,250-1,250  1,250.0   92.50-92.50    92.50
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      42     64.2   1,250-1,250  1,250.0   92.50-92.50    92.50
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice       72     63.3     708-777      747.2  148.00-149.00  148.56
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      72     63.3     708-777      747.2  148.00-149.00  148.56
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades      86     64.9   1,250-1,300  1,275.6   92.50-93.50    93.01
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades      72     63.3     708-777      747.2  148.00-149.00  148.56
DAIRYBRED STEER/HEIFER - LIVE - FOB
 Over 80% Choice                          -                      -
 65 - 80% Choice      205     59.7   1,295-1,350  1,320.0   85.00-86.00    85.48
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     205     59.7   1,295-1,350  1,320.0   85.00-86.00    85.48
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      123     62.0     752-936      818.0  143.00-144.00  143.69
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     123     62.0     752-936      818.0  143.00-144.00  143.69
MIXED STEER/HEIFER/COW
 No Trade Reported.


NEGOTIATED GRID BASE PRICE SALES: FINAL NET PRICES TO BE DETERMINED LATER AND
SHOWN ON THE LM_CT109 FORMULATED PURCHASES REPORT

                     Head    Wtd Avg    Avg Wt    Wtd Avg      Price     Wtd Avg
                    Count   Dress Pct    Range     Weight      Range      Price
STEER - LIVE - FOB
 Over 80% Choice                          -                      -
 65 - 80% Choice                          -                      -
 35 - 65% Choice       45     60.0   1,250-1,250  1,250.0   92.00-92.00    92.00
  0 - 35% Choice                          -                      -
 Total all grades      45     60.0   1,250-1,250  1,250.0   92.00-92.00    92.00
STEER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice      309     63.4     781-857      846.2  147.00-150.00  149.56
 35 - 65% Choice      412     62.9     750-857      793.8  148.00-151.00  149.41
  0 - 35% Choice                          -                      -
 Total all grades     721     63.1     750-857      816.3  147.00-151.00  149.47
HEIFER - LIVE - FOB
 No Trade Reported.
HEIFER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice                          -                      -
 35 - 65% Choice      139     62.7     781-787      784.0  148.00-150.00  149.12
  0 - 35% Choice                          -                      -
 Total all grades     139     62.7     781-787      784.0  148.00-150.00  149.12
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice                          -                      -
 65 - 80% Choice                          -                      -
 35 - 65% Choice       90     61.5   1,100-1,100  1,100.0   90.00-90.00    90.00
  0 - 35% Choice                          -                      -
 Total all grades      90     61.5   1,100-1,100  1,100.0   90.00-90.00    90.00
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      239     63.9     682-803      778.5  146.00-150.00  147.86
 65 - 80% Choice      269     62.8     718-803      779.9  148.00-150.00  148.84
 35 - 65% Choice      560     62.5     720-819      777.3  146.00-151.00  149.11
  0 - 35% Choice                          -                      -
 Total all grades   1,068     62.9     682-819      778.2  146.00-151.00  148.76
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades     135     61.0   1,100-1,250  1,150.0   90.00-92.00    90.67
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades   1,928     62.9     682-857      792.9  146.00-151.00  149.05
DAIRYBRED STEER/HEIFER - LIVE - FOB
 Over 80% Choice                          -                      -
 65 - 80% Choice                          -                      -
 35 - 65% Choice       37     62.0   1,400-1,400  1,400.0   88.00-88.00    88.00
  0 - 35% Choice                          -                      -
 Total all grades      37     62.0   1,400-1,400  1,400.0   88.00-88.00    88.00
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice                          -                      -
 35 - 65% Choice       36     62.5     781-781      781.3  142.00-142.00  142.00
  0 - 35% Choice                          -                      -
 Total all grades      36     62.5     781-781      781.3  142.00-142.00  142.00
MIXED STEER/HEIFER/COW
 No Trade Reported.

NATIONAL - All States

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

---

STAT News Service


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