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National Daily Direct Slaughter Cattle

ST JOSEPH - May 11/04 - SNS -- Closing trading values for various calsses of cattle were released by the USDA under is mandatory price reporting program.


NATIONAL DAILY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED PURCHASES - SUMMARY
For Monday, May 10, 2004

          Head    Week to    Same Day    Same Period   Same Day  Same Period
          Count    Date      Week Ago     Last Week    Year Ago   Last Year
FORMULA NET:
Dressed: 15,230    15,230     22,121        22,121      46,494      46,494
Live:     2,591     2,591        880           880       3,363       3,363
Total:   17,821    17,821     23,001        23,001      49,857      49,857

NEGOTIATED GRID NET:
Dressed:  9,889     9,889     12,093        12,093          0           0
Live:        86        86         88            88          0           0
Total:    9,975     9,975     12,181        12,181          0           0


FORMULA NET - DRESSED BASIS
                           Head       Weight     Avg       Price         Avg Net
                           Count      Range      Wt        Range          Price
STEER
Over 80% Choice               676    657-946     815   138.38-151.98      144.37
65 - 80% Choice               664    722-866     780   140.79-145.38      143.90
35 - 65% Choice             5,453    697-878     777   134.30-147.27      140.33
 0 - 35% Choice             1,242    726-858     787   124.24-139.04      133.97
HEIFER
Over 80% Choice               560    603-834     719   140.07-153.27      146.60
65 - 80% Choice               910    646-732     686   138.97-144.73      142.26
35 - 65% Choice             3,257    643-794     715   133.38-141.95      138.13
 0 - 35% Choice               145    690-713     706   123.99-137.55      132.54
MIXED STEER/HEIFER
Over 80% Choice               173    671-768     726   143.32-148.60      144.85
65 - 80% Choice               334    688-820     774   137.36-146.36      142.51
35 - 65% Choice               393    696-818     739   135.88-142.50      139.28
 0 - 35% Choice               107    720-812     774   133.27-137.15      134.66
ALL DRESSED STEERS AND HEIFERS
                           13,914    603-946     755   123.99-153.27      139.94
MIXED STEER/HEIFER/COW
  No Trade Reported.
DAIRYBRED STEER/HEIFER
Over 80% Choice               176    675-805     788   128.31-141.32      139.81
65 - 80% Choice               117    731-793     772   134.90-140.98      138.95
35 - 65% Choice               662    688-801     760   133.25-138.55      136.08
 0 - 35% Choice               361    743-770     758   131.86-135.49      133.29


FORMULA NET - LIVE BASIS
                           Head       Weight     Avg       Price         Avg Net
                           Count      Range      Wt        Range          Price
STEER
Over 80% Choice                         -                    -
65 - 80% Choice                         -                    -
35 - 65% Choice             1,536  1,000-1,258  1,158   86.25-90.37       88.66
 0 - 35% Choice               152  1,240-1,240  1,240   86.53-86.53       86.53
HEIFER
Over 80% Choice                         -                    -
65 - 80% Choice                         -                    -
35 - 65% Choice                74  1,097-1,097  1,097   83.93-83.93       83.93
 0 - 35% Choice                         -                    -
MIXED STEER/HEIFER
Over 80% Choice                         -                    -
65 - 80% Choice                         -                    -
35 - 65% Choice               829  1,100-1,150  1,122   89.00-90.00       89.43
 0 - 35% Choice                         -                    -
ALL LIVE STEERS AND HEIFERS
                            2,591  1,000-1,258  1,150   83.93-90.37       88.65
MIXED STEER/HEIFER/COW
  No Trade Reported.
DAIRYBRED STEER/HEIFER
  No Trade Reported.


NEGOTIATED GRID NET - DRESSED BASIS
                           Head       Weight     Avg       Price         Avg Net
                           Count      Range      Wt        Range          Price
STEER
Over 80% Choice             1,272    677-845     790   138.58-148.37      142.55
65 - 80% Choice             1,224    685-857     780   135.77-143.00      141.25
35 - 65% Choice             1,538    628-855     779   135.78-140.75      139.27
 0 - 35% Choice             1,071    635-790     725   128.50-145.00      135.76
HEIFER
Over 80% Choice               105    669-690     674   138.25-149.30      142.50
65 - 80% Choice               421    638-834     709   135.49-144.69      141.44
35 - 65% Choice             1,331    663-811     706   130.79-143.29      137.21
 0 - 35% Choice               107    579-784     770   132.19-134.50      133.30
MIXED STEER/HEIFER
Over 80% Choice               512    627-829     753   140.52-149.78      145.68
65 - 80% Choice                51    653-801     736   139.86-145.26      142.20
35 - 65% Choice               457    631-816     704   128.91-143.19      136.38
 0 - 35% Choice               267    597-805     785   121.06-140.00      137.24
ALL DRESSED STEERS AND HEIFERS
                            8,356    579-857     752   121.06-149.78      139.54
MIXED STEER/HEIFER/COW
Over 80% Choice                         -                    -
65 - 80% Choice                 4    838-838     838   131.94-131.94      131.94
35 - 65% Choice               155    772-957     875   116.11-137.75      123.15
 0 - 35% Choice               362    692-850     813   115.33-125.20      122.43
DAIRYBRED STEER/HEIFER
Over 80% Choice               658    737-830     780   131.55-153.19      142.67
65 - 80% Choice               201    728-925     791   124.80-146.89      139.84
35 - 65% Choice               153    684-802     758   125.20-135.11      130.47
 0 - 35% Choice                         -                    -


NEGOTIATED GRID NET - LIVE BASIS
                           Head       Weight     Avg       Price         Avg Net
                           Count      Range      Wt        Range          Price
STEER
  No Trade Reported.
HEIFER
Over 80% Choice                         -                    -
65 - 80% Choice                         -                    -
35 - 65% Choice                86  1,154-1,154  1,154   88.01-88.01       88.01
 0 - 35% Choice                         -                    -
MIXED STEER/HEIFER
  No Trade Reported.
ALL LIVE STEERS AND HEIFERS
                               86  1,154-1,154  1,154   88.01-88.01       88.01
MIXED STEER/HEIFER/COW
  No Trade Reported.
DAIRYBRED STEER/HEIFER
  No Trade Reported.


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

---

STAT News Service


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