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USDA-WA: Morning Livestock Summary

Washington DC - Fri - May 9, 2008 - USDA Market News


MORNING LIVESTOCK SUMMARY

Estimated Daily Livestock Slaughter under Federal Inspection
                                CATTLE    CALVES      HOGS      SHEEP
Thursday 05/08/2008      (est)   128,000     3,000     415,000    10,000
Week ago (est)                   128,000     3,000     420,000    10,000
Year ago (act)                   124,000     2,000     391,000    11,000
Week to date (est)               510,000    13,000   1,650,000    36,000
Same Period Last Week (est)      510,000    13,000   1,668,000    33,000
Same Period Last Year (act)      486,000     9,000   1,541,000    38,000
Previous Day Estimated        Steer and Heifer    Cow and Bull
             Wednesday           102,000                24,000

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  
May   -----     ----        106.77   +1050         79.37    +1500
Jun   93.65    +1825         -----    ----         76.47    +1200
Jul   -----     ----         -----    ----         77.10    +1800
Aug   99.30    +1675        109.47   +1200         78.85    +1150
Sep   -----     ----        110.90   +1450         -----     ----
Oct  105.75    +1400        111.72   +1175         75.87    +1175

Livestock Average Prices                                TRENDS          YEAR AGO
                                                            DAY    WEEK
Steers Choice 2-4 1100-1300 lbs (Texas)            92.61   UNCH     0.69   96.36
Cows Breakers 1-3 (Sioux Falls)                    60.50   UNCH     3.38   54.87
Barrows & Gilts, 51-52% lean plant del. carcass    78.21    0.28    4.95   71.52
Feeder Steer Med 1 650-700 lbs (Okla. City)       111.90   UNCH     1.61  120.30
Sltr Lambs Ch 2-4 Wooled 110-130 lbs (S. Falls)    88.75   UNCH    -1.25   91.58

Carcass Equivalent Index Value
Steer and Heifer Beef
Choice 1-3  600-900 lbs                           141.76    0.15    0.34  149.78
Select 1-3  600-900 lbs                           138.16   -0.28   -0.40  136.71

Beef Cutout Value
Choice   600-900 lbs                              155.18    0.18   -1.08  161.50
Select   600-900 lbs                              152.10   -0.69   -0.53  148.69
Cutter Cows                                       127.57    0.94    4.95  118.79

Cutout Based on 200 lb Pork Carcass
53-54% Lean,.65"-.80" Backfat Last Rib             78.71    0.39    4.33   76.81
US No. 2 Yellow Corn (Omaha)                        5.91    0.17    0.16    3.32

Source:   USDA Market News, Washington, D.C.
          Livestock and Grain Market News (202) 720-8054
          www.ams.usda.gov/LSMarketNews


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