Daily Midwest Livestock Summary

AMARILLO - May 15/08 - 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: not enough sales for
an adequate market price trend comparison.  Steers: Live basis; (all Grades: 200
head) 94.00.  Dressed basis; (all Grades: 1,148 head) 150.00.  Heifers: live
basis; (all Grades: 0 head).  Dressed Basis; (all Grades: 0 head).

Auction markets:
   Tama Slaughter Cattle Auction - Tama, IA on Wednesday
Receipts:  818    Last Week:  603    Year Ago:  938
Compared to last week: Choice steers $2.00-$2.50 lower, choice heifers $2.00-
$3.00 lower.  Slaughter Steers Choice 2-4 - 1131-1488 lbs 92.25-95.10.
Slaughter Heifers Choice 2-4 - 1055-1375 lbs 91.50-94.00
   Sioux Falls Slaughter Cattle - Close on Wednesday
Actual receipts 852
Compared to last week: Slaughter steers and heifers steady.  Steers: Choice 2-3
1180-1430 lbs 89.60-92.50, pkg qualifying for Natural Beef Program 1305 lbs
100.00, no implants 1185-1360 lbs 96.00-97.80.  Select and Choice 2-3 1300-1450
lbs 87.25-88.60, no implants 1181 lbs 92.00.  Heifers: Choice 2-3 1160-1345 lbs
89.25-91.60, qualifying for Natural Beef Program 1215-1330 lbs 99.75-101.50, pkg
no implants 1300 lbs 95.00.  Choice 3-4 pkg 1345 lbs 90.00.  Select and Choice
2-3 pkg 1335 lbs 86.25.

                 CATTLE Slaughter under Federal Inspection
                  Thursday (est)                   130,000
                  Week ago (est)                   128,000
                  Year ago (act)                   124,000
                  Week to date (est)               515,000
                  Same Period Last Week (est)      510,000
                  Same Period Last Year (act)      500,000

                    CME Futures Closes for Live Cattle:
Month        Close        Change            Month      Close       Change
Jun          94.35        -  .27            Dec       106.37       -  .22
Aug          99.50        -  .72            Feb       107.87       -  .22
Oct         105.95        -  .32            Apr       108.90       -  .52

   Clovis Livestock Auction Summary - Clovis, NM - on Wednesday
Compared to last week: Slaughter cows 2.00-3.00 higher.
            % Lean   Weight    Avg Dressing   Hi Dressing    Lo Dressing
Breakers    75-80   1200-1600  53.50-55.75       ---             ---
Boners      80-85   1200-1600  54.50-60.85    61.25-63.00        ---
Boners      80-85    800-1200  55.50-60.80    61.00-62.75        ---
Lean        85-90   1200-1600     ---         59.50-60.25        ---
Lean        85-90   1000-1200  52.75-58.00    59.50-61.50    49.00-50.00
Lean        85-90    800-1000  50.00-56.50    59.50-62.00    39.00-43.50
Lean        85-90   under 800  45.00-49.50    51.25-52.50    40.00-42.50

                     CME Future Closes for Feeder Cattle
Month       Close       Change            Month       Close        Change
May        108.60       +  .15            Oct         115.45       +  .35
Aug        113.27       +  .52            Nov         115.25       +    0
Sep        114.55       +  .45            Jan         112.95       -  .10

OKC West - El Reno Livestock Market, El Reno, OK. - on Wednesday
  Actual Receipts:  6370      Last Week:  5848       Last Year:  7286
Compared to last week:  Feeder steers and heifers steady to 3.00 higher, except
steers over 900 lbs and heifers over 800 lbs 2.00-4.00 higher.  Steer calves
4.00-8.00 higher.  Heifer calves 3.00-6.00 higher.
   Feeder Steers: Medium and Large 1: pkg 365 lbs 143.50; 400-450 lbs 136.00-
142.00; few 450-500 lbs 127.00-133.00; 500-575 lbs 126.00-139.00; 600-615 lbs
thin 123.00-124.00; 600-700 lbs 111.00-117.00; 700-800 lbs 109.00-112.75; 800-
850 lbs 103.75-107.00; 850-900 lbs 100.50-105.25; 900-1000 lbs 97.25-102.75;
1000-1075 lbs 96.50-99.00.
   Feeder Heifers: Medium and Large 1: 400-500 lbs 108.00-116.50; few 525-575
lbs 109.00-113.50; 645-700 lbs 103.75-105.00; 725-800 lbs 99.50-103.00; 800-825
lbs 97.00-102.00; pkg 980 lbs 91.00.

                               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 1.31 lower with prices ranging from 70.00-85.14, weighted average
price 80.68.  Iowa-Minnesota 1.50 lower at 71.60-85.14, weighted average price
81.82.  Western Cornbelt 1.43 lower at 71.00-85.14, weighted average price
81.79 and the Eastern Cornbelt .55 lower at 70.00-81.07, weighted average price
78.89.

   Live Basis (240-280 lbs): National direct barrows and gilt 1.57 lower at
54.82-63.00, weighted average 61.77.  Iowa-Minnesota 1.59 lower at 57.37-63.00,
weighted average 62.17.  Western Cornbelt 1.70 lower at 55.74-63.00, weighted
average 62.06.  Eastern Cornbelt .23 lower at 54.82-62.67, weighted average
61.44.

Terminal Markets:
   At Sioux Falls, barrows and gilts .50-1.00 lower with 49-51 percent lean 220-
280 lbs selling at 56.00.
   At St. Joseph, barrows and gilts steady with 46-50 percent lean 240-280 lbs
selling at 53.00-53.50.

                    HOG Slaughter under Federal Inspection
                  Thursday (est)                      415,000
                  Week ago (est)                      415,000
                  Year ago (act)                      398,000
                  Week to date (est)                1,654,000
                  Same Period Last Week (est)       1,650,000
                  Same Period Last Year (act)       1,542,000

                      CME Futures Closes for Lean Hogs:
Month       Close       Change          Month       Close       Change
Jun         77.07       - 1.10          Oct         72.30       - 1.25
Jul         77.05       -  .40          Dec         74.45       - 1.27
Aug         77.05       -  .90          Feb         80.60       -  .35

                                SHEEP
Auction Markets:
   Centennial Livestock Auction, Ft. Collins, CO - on Wednesday
Compared to last week: Slaughter lambs sold mostly steady.  Slaughter Lambs:
Wooled: Choice 1-2 43 lbs 116.00; 63 lbs 117.50; 70-80 lbs 121.00-122.50; 80-90
lbs 117.00-122.00; 100-105 lbs 111.00-116.00; 114 lbs 113.00.  Choice 2-3 75 lbs
115.00; 80-85 lbs 112.00; 90-105 lbs 106.00-112.00.  Good and Choice 1-2 48 lbs
98.00; 54 lbs 97.00-107.00; 60-70 lbs 102.50-110.00; 75-80 lbs 104.50-112.00.
Good 1-2 45-50 lbs 91.00-92.00; 55-65 lbs 92.00-93.00.

                   SHEEP Slaughter under Federal Inspection
                  Thursday (est)                      11,000
                  Week ago (est)                      10,000
                  Year ago (act)                       9,000
                  Week to date (est)                  35,000
                  Same Period Last Week (est)         36,000
                  Same Period Last Year (act)         35,000

                               GOATS
Auction Markets:
   Centennial Livestock Auction, Ft. Collins, CO - on Wednesday
Compared to last week:  Slaughter kids sold steady to 3.00 lower, instances of
5.00 lower on light weights.  Slaughter/Feeder Kids: Selection 1 30-40 lbs
40.00-41.00; 40-50 lbs 42.50-57.50; 50-60 lbs 52.00-62.00; 60-70 lbs 71.00-
80.00.  Selection 2 35-40 lbs 30.00-37.50; 40-45 lbs 37.50-42.00; 60-70 lbs
57.50-67.50.  Selection 3 38 lb 11.00-18.00; 45-50 lbs 32.50-34.00; 51 lb 34.00.

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

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