U.S. Daily Average Feeder Cattle Prices

WASHINGTON - Sep 8/08 - SNS -- The USDA released its latest daily summary of livestock slaughter activity and prices at major markets in the United States.

MORNING LIVESTOCK SUMMARY
Estimated Daily Livestock Slaughter under Federal Inspection

                                CATTLE    CALVES      HOGS      SHEEP
Friday 09/05/2008        (est)   127,000     4,000     430,000     9,000
Week ago (est)                   128,000     4,000     415,000     8,000
Year ago (act)                   129,000     3,000     404,000     9,000
Week to date (est)               514,000    17,000   1,721,000    39,000
Same Period Last Week (est)      637,000    20,000   2,141,000    44,000
Same Period Last Year (act)      519,000    14,000   1,658,000    40,000

Saturday 09/06/2008      (est)    76,000         0     334,000     1,000
Week ago (est)                    43,000         0      77,000         0
Year ago (act)                    87,000         0     274,000     1,000
Week to date (est)               590,000    17,000   2,055,000    40,000
Same Period Last Week (est)      680,000    20,000   2,218,000    44,000
Same Period Last Year* (act)     606,000    13,000   1,932,000    42,000
2008 Year to Date             23,518,000   608,000  77,629,000 1,620,000
2007 *Year to Date            23,347,000   521,000  71,322,000 1,709,000
Percent change                      0.7%     16.8%        8.8%     -5.2%
2008 *Totals subject to revision
2007 *Totals adjusted to reflect NASS revisions
Yearly totals may not add due to rounding
Previous day estimated        Steer and Heifer    Cow and Bull
             Thursday            103,000                25,000

Chicago Mercantile Exchange Future Prices
     Choice Sltr Steers     Feeder Steers      Live Hog/Lean Value
      Set'l    Ch Fr        Set'l   Ch Fr          Set'l   Ch Fr
      Price    Pr Day       Price   Pr Day        Price    Pr Day
Aug  104.98     -525       ------    ----         -----     ----
Sep   -----     ----       111.13    +350         -----     ----
Oct  107.35     -500       110.68    +300         69.43     +400
Nov   -----     ----       110.23    +250         -----     ----
Dec  108.20    -1000        -----    ----         68.18     -225
Jan   -----     ----       110.28    +400         -----     ----

Livestock Average Prices                                TRENDS         YEAR AGO
                                                         DAY     WEEK
Steers Choice 2-4 1100-1300 lbs (Texas)         98.97    UNCH    UNCH   94.64
Cows Breakers 1-3 (Sioux Falls)                 64.00    UNCH    UNCH   55.25
Barrows & Gilts, 51-52% lean plant del. carcass 73.04   1.12    1.12    63.09
Feeder Steer Med 1 650-700 lbs (Okla. City)    114.59    UNCH    UNCH  123.23
Sltr Lambs Ch 2-4 Wooled 110-130 lbs (S. Falls) 96.48    UNCH    UNCH  102.50

Carcass Equivalent Index Value
Steer and Heifer Beef
Choice 1-3  600-900 lbs                        147.19   -1.04   -1.04  139.75
Select 1-3  600-900 lbs                        140.38   -0.32   -0.32  133.27

Beef Cutout Value
Choice   600-900 lbs                           158.30   -1.26   -1.26  147.66
Select   600-900 lbs                           152.05   0.18    0.18   141.74
Cutter Cows                                    138.15   -1.21   -1.21  112.60

Cutout Based on 200 lb Pork Carcass
53-54% Lean,.65"-.80" Backfat Last Rib          77.27   0.07    0.07    67.31
US No. 2 Yellow Corn (Omaha)                     5.21  -0.15    0.02     3.07

Source:   USDA Market News, Washington, D.C.

---

STAT News Service