Daily Midwest Livestock Summary

AMARILLO - May 10/04 - 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

 In the direct slaughter cattle trade in the Five Major Marketing Areas,
Texas/Oklahoma; Kansas; Nebraska; Colorado; Iowa/Minnesota; on Monday, not
enough sales reported to establish a market trend.  Steers: Live basis; (all
Grades: no sales). Dressed basis; (all Grades: no sales).  Heifers: live basis;
(all Grades: no sales). Dressed Basis; (all Grades: no sales).

Terminal markets: So. St Paul slaughter steers and heifers sold mostly
steady.  Steers: Few Choice 2-3 1251-1463 lbs 90.00-91.00. Heifers: Choice 2-3
pkg 1160 lbs 90.00.

                  CATTLE Slaughter under Federal Inspection
                    Monday   (est)                130,000
                    Week ago (est)                124,000
                    Year ago (act)                133,000

            CME Futures Closes for Live Cattle:
Month        Close        Change            Month      Close       Change
May          88.00        +  .85            Oct        84.72       +  .12
Jun          84.62        +  .25            Dec        83.52       +  .47
Aug          86.70        +  .67            Jan                    +  .00

   Slaughter cows at South St. Paul sold 2.00 to 3.00 lower.
Grade       Percent Lean    Price         High Dressing        Low Dressing
Premium White  70-75      59.00-63.50
Breakers       70-80      56.25-59.25     59.25-61.50
Boners         80-85      52.50-56.50
Lean           85-90      49.00-52.50                           45.00-48.00

Oklahoma City, OK      Mon   May 10, 2004
Oklahoma National Stockyards - Monday Cattle Auction - Mid Session
 Receipts: 10,500    Last Monday: 10,596    Year Ago Monday:  14,734
 Compared to last week:  Feeder cattle and calves 2.00-3.00 higher.
Demand very good for all classes.
  Feeder Steers:  Medium and Large 1  425-500 lbs mostly new crops
123.50-135.50; 525-600 lbs new crops 114.00-125.50, few yearlings 123.50-
127.00; 600-650 lbs 112.00-121.75; 650-700 lbs 108.00-113.50; 700-
750 lbs 104.50-111.50; 750-800 lbs 103.00-107.25; 800-850 lbs 100.75-
103.00; 850-900 lbs 98.75-100.50; 900-975 lbs 94.00-97.00; 1030 lbs
93.75.
  Feeder Heifers:  Medium and Large 1  pkg 355 lbs fleshy 130.00;
few 435-500 lbs 109.00-120.00; 500-550 lbs fleshy 109.50-114.00; 550-
600 lbs fleshy 105.00-113.00, yearlings 111.75-113.50; 600-650 lbs
106.00-113.50; 650-700 lbs 104.25-106.00; 700-750 lbs 97.75-103.75;
750-800 lbs 94.50-98.50; 800-875 lbs 93.00-98.25.

            CME Future Closes for Feeder Cattle
Month       Close       Change            Month       Close        Change
May        103.52       + 1.10            Oct         98.30        +  .80
Aug        100.10       + 1.07            Nov         97.75        +  .35
Sep         98.80       +  .80            Jan         94.60        +  .20

                                    HOGS

   The direct hog trade prices are 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 were .76 higher with prices ranging
from 68.50-81.50, weighted average price 77.55.  Iowa-Minnesota was 1.32
higher at 68.50-81.00, weighted average price 78.14.  Western Cornbelt sold
1.17 higher at 68.50-81.50, weighted average price 78.03 and Eastern
Cornbelt was .09 higher at 72.50-81.08, weighted average price 76.69.

   At South St Paul and Sioux Falls terminal markets, barrows and gilts sold
1.00-1.25 higher, with 47-50 percent lean 220-270 lbs selling from 54.00-58.25.

                   HOG Slaughter under Federal Inspection
                    Monday   (est)                358,000
                    Week ago (est)                363,000
                    Year ago (act)                366,000

            CME Futures Closes for Lean Hogs:
Month       Close       Change          Month       Close       Change
May         79.37       + 1.30          Aug          73.00      +  .30
Jun         74.50       +  .22          Oct          61.60      +  .02
Jul         75.87       +  .20          Dec          57.37      -  .05

                           Sheep

   Slaughter lambs sold steady on Monday at So St Paul.  Shorn: Choice end
Prime 120-140 lbs 95.00-100.00, few New Crop 110-120 lbs 100.00-102.00.  Wooled:
Choice end Prime 120-140 lbs 90.00-95.00.  Slaughter lambs at Sioux Falls no
good price trend comparison.  Shorn Lambs: Choice end Prime 2-3 no. 1-2 pelts
138-154 lbs 94.00-95.50.  Wooled Lambs: Choice end Prime 2-3 124-148 lbs 100.50-
101.50.

                SHEEP Slaughter under Federal Inspection
                 Monday   (est)                  6,000
                 Week ago (est)                 10,000
                 Year ago (act)                  7,000


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

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