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Washington, DC - Wed - May 7, 2008 - USDA Market News
MORNING LIVESTOCK SUMMARY
Estimated Daily Livestock Slaughter under Federal Inspection
CATTLE CALVES HOGS SHEEP
Tuesday 05/06/2008 (est) 130,000 4,000 418,000 8,000
Week ago (est) 129,000 4,000 417,000 6,000
Year ago (act) 126,000 2,000 389,000 8,000
Week to date (est) 256,000 7,000 822,000 17,000
Same Period Last Week (est) 257,000 7,000 831,000 15,000
Same Period Last Year (act) 235,000 5,000 757,000 18,000
Previous Day Estimated Steer and Heifer Cow and Bull
Monday 101,000 25,000
**Revised Monday Cattle Slaughter..126,000**
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 ----- ---- 105.55 +300 76.82 +1850
Jun 91.82 +625 ----- ---- 74.75 +1550
Jul ----- ---- ----- ---- 76.02 +675
Aug 97.82 +350 108.20 - 50 77.72 +675
Sep ----- ---- 109.55 +150 ----- ----
Oct 104.22 +300 110.52 +150 75.55 +1100
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) 57.12 UNCH UNCH 57.50
Barrows & Gilts, 51-52% lean plant del. carcass 76.47 1.50 3.21 72.15
Feeder Steer Med 1 650-700 lbs (Okla. City) 111.90 UNCH -0.88 120.30
Sltr Lambs Ch 2-4 Wooled 110-130 lbs (S. Falls) 88.75 -1.25 3.65 91.58
Carcass Equivalent Index Value
Steer and Heifer Beef
Choice 1-3 600-900 lbs 141.57 -0.25 0.15 148.34
Select 1-3 600-900 lbs 138.34 0.33 -0.22 134.47
Beef Cutout Value
Choice 600-900 lbs 154.97 -0.49 -1.29 158.89
Select 600-900 lbs 152.64 0.67 0.01 144.47
Cutter Cows 124.46 1.55 1.84 116.13
Cutout Based on 200 lb Pork Carcass
53-54% Lean,.65"-.80" Backfat Last Rib 76.63 0.42 2.25 76.09
US No. 2 Yellow Corn (Omaha) 5.67 0.12 -0.06 3.40
Source: USDA Market News, Washington, D.C.
Livestock and Grain Market News (202) 720-8054
www.ams.usda.gov/LSMarketNews
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