AM_LS830 Amarillo, TX Thu July 03, 2008 USDA Market News Daily Livestock Summary CATTLE Direct Trade: In the direct slaughter cattle trade in the Five Major Marketing Areas, Texas/Oklahoma; Kansas; Nebraska; Colorado; Iowa/Minnesota; Live sales in the North Plains sold steady to 1.00 higher. Dressed sales sold steady. Few early live sales in the South Plains sold 2.50-3.00. Steers: Live basis; (all Grades: 23,713 head) 97.00-102.50, weighted average price 101.36. Dressed basis; (all Grades: 11,806 head) 158.00-161.00, weighted average price 159.85. Heifers: live basis; (all Grades: 20,636 head) 99.00-102.50, weighted average price 101.62. Dressed Basis; (all Grades: 4,818 head) 158.00-161.00, weighted average price 160.22. For the week in the North Plains - dressed sales sold 4.00 to 5.00 higher. Live sales sold 2.00-3.50 higher. South Plains not fully established. Auction markets: Greenville Livestock Auction Inc. - Greenville, IL. on Wednesday Receipts: 507 Two weeks ago: 864 Compared to last week, slaughter steers and heifers mostly 2.50 higher. Slaughter Steers Choice 2-3: 1000-1480 lbs 94.00-100.00. Slaughter Heifers Choice 2-3: 945-1365 lbs 94.25-97.00. Sioux Falls Slaughter Cattle - Close on Wednesday Estimate: 300 Compared to last week: Slaughter steers and heifers 2.00 higher. Steers: Choice 2-3 1108-1391 lbs 95.00-97.20, returning to the country 1039- 1239 lbs 96.75-97.30. Choice 3-4 pkg 1210 lbs 95.75. Select and Choice 2-3 pkg 1465 lbs 94.00. Heifers: Choice 2-3 1095-1355 lbs 94.75-97.40. Choice 3-4 pkg 1150 lbs 95.00. Select and Choice 2-3 1065-1090 lbs 92.25-94.25. USDA ESTIMATED BOXED BEEF CUT-OUT VALUES CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 171.58 165.13 Change from prior day: 0.41 0.54 -------------------------------------------------------------------------------- Choice/Select spread: 6.45 Total Load Count (Cuts, Trimmings, Grinds): 233 -------------------------------------------------------------------------------- CATTLE Slaughter under Federal Inspection Thursday (est) 126,000 Week ago (est) 127,000 Year ago (act) 124,000 Week to date (est) 510,000 Same Period Last Week (est) 508,000 Same Period Last Year (act) 378,000 CME Futures Closes for Live Cattle: Month Close Change Month Close Change Aug 104.00 + .67 Feb 116.20 + 1.00 Oct 111.75 + .77 Apr 116.75 + .87 Dec 114.42 + 1.00 Jun 114.15 + .50 Winter Livestock Feeder Cattle Auction, Dodge City, KS close for 07/02/08 Compared to last week: Slaughter cows steady to firm. %Lean Weight Avg Dressing Hi Dressing Lo Dressing Prem White 65-75% Breaker 75-80% 50.00-57.25 Boner 80-85% 61.00-62.50 ind 64.50 56.00-57.00 Lean 85-90% 54.00-60.00 61.00-62.00 46.00-53.50 USDA ESTIMATE CUTTER COW CARCASS CUT-OUT VALUE Cutter 90% 350#/up -------------------------------------------------------------------------------- Current-Cutout Value: $140.46 Change from prior day: $0.84 -------------------------------------------------------------------------------- Winter Livestock Feeder Cattle Auction, Dodge City, KS close for 07/02/08 Receipts: 839 Last week: 1862 Last Year: holiday Compared with last week: not enough steers and heifers for an accurate market test, but a steady to firm undertone noted. Feeder steers: Medium and Large 1 14 head Value Added 350-400 lbs 149.00- 153.00 (150.10); 39 head 600 lbs 117.50; 10 head 792 lbs 112.60; 800-850 lbs 112.60; 5 head 974 lbs 102.00. Medium and Large 1-2 6 head 606 lbs 112.00; 12 head 705 lbs 112.00; 800-850 lbs 111.00-112.25 (112.00); 52 head 861 lbs 108.75. Medium and Large 2 25 head 545 lbs 119.00; 13 head 743 lbs 108.50; 20 head 787 lbs 111.00. Feeder heifers: Medium and Large 1-2 6 head 612 lbs 106.50; 9 head 693 lbs 103.50. Fleshy 5 head 604 lbs 102.00. Large 2 6 head 895 lbs 94.50. CME Future Closes for Feeder Cattle Month Close Change Month Close Change Aug 112.15 - .02 Nov 116.35 + .00 Sep 113.62 - .20 Jan 115.70 - .20 Oct 115.30 + .00 Mar 116.00 - .05 HOGS Direct trade: Dressed Basis: 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 1.67 lower with prices ranging from 64.00-72.81, weighted average price 69.27. Iowa-Minnesota 1.06 lower at 64.00-72.81, weighted average price 69.66. Western Cornbelt 1.38 lower at 64.00-72.81, weighted average price 69.94 and the Eastern Cornbelt .75 lower at 64.00-70.50, weighted average price 68.02. Live Basis (240-280 lbs): National direct barrows and gilt .07 higher at 45.87-57.08, weighted average 55.18. Iowa-Minnesota .91 higher at 51.43-57.08, weighted average 55.76. Western Cornbelt .78 higher at 50.09-57.08, weighted average 55.56. Eastern Cornbelt 1.03 lower at 45.87-57.00, weighted average 54.37. Terminal Markets: At Sioux Falls, barrows and gilts not tested. At St. Joseph, barrows and gilts were scarce. For the week: Barrows and gilts in the National, Iowa-Minnesota, Western and Eastern Cornbelt sold 3.05 lower. Sioux Falls barrows and gilts finished 3.00 lower. St. Joseph barrows and gilts closed 2.50-3.00. USDA ESTIMATED PORK CARCASS CUTOUT Calculations for a 200 lb Pork Carcass 53-54% lean, 0.65"-0.80" backfat at last rib ----------------------------------------------------------------------- Total Today's Primal Cutout Values Date Loads Carcass Loin Butt Pic Rib Ham Belly ----------------------------------------------------------------------- 07/03 25.5 79.39 97.17 90.64 61.61 111.95 71.26 83.35 Change : 0.65 1.06 0.41 0.20 3.10 0.66 unc ----------------------------------------------------------------------- HOG Slaughter under Federal Inspection Thursday (est) 421,000 Week ago (est) 421,000 Year ago (act) 397,000 Week to date (est) 1,697,000 Same Period Last Week (est) 1,681,000 Same Period Last Year (act) 1,181,000 CME Futures Closes for Lean Hogs: Month Close Change Month Close Change Jul 71.82 + .92 Dec 73.62 + 2.07 Aug 71.30 + 1.00 Feb 81.60 + 1.62 Oct 69.65 + 1.17 Apr 91.17 + 1.85 SHEEP Auction Markets: New Holland Sales Stables, New Holland, PA - Thursday Receipts: 100 Last Week: 70 Year Ago: 16 Compared to last week: Too few slaughter lambs for an accurate market test. Slaughter Lambs Wooled & Shorn: Choice 1-3 60-80 lbs 111.00-116.00; 80-100 lbs 110.00-130.00. NATIONAL DAILY LAMB CARCASS REPORT DAILY CHOICE AND PRIME, YG 1-4 Head 1,825 Weight Head Wt Avg 45-DN 46 302.13 45-55# 69 243.10 55-65# 513 235.90 65-75# 470 234.53 75-85# 441 232.00 85-UP 286 225.37 * SAT-FRI CHOICE AND PRIME, YG 1-4 Head 7,212 Weight Head Wt Avg 45-DN 137 279.94 45-55# 445 250.71 55-65# 1,959 240.11 65-75# 2,150 235.22 75-85# 1,446 232.98 85-UP 1,075 222.57 SHEEP Slaughter under Federal Inspection Thursday (est) 8,000 Week ago (est) 9,000 Year ago (act) 11,000 Week to date (est) 34,000 Same Period Last Week (est) 33,000 Same Period Last Year (act) 31,000 GOATS Auction Markets: New Holland Sales Stables, New Holland, PA - Thursday Goat Receipts: 42 Last Week: 93 Year Ago: 34 Compared to last week: slaughter goats sold mostly 5.00-10.00 lower. Kids: Selection 1 60-80 lbs 58.00. Selection 2 20-40 lbs 21.00-35.00; 40- 60 lbs 36.00-44.00; 60-80 lbs 50.00-52.00. Selection 3 pygmies 24.00-35.00; 20-40 lbs 16.00-28.00; 40-60 lbs 25.00-44.00. Source: USDA-TX Dept of Ag Market News, Amarillo, TX 806/372-6361 - email: amarillo.lgmn@usda.gov www.ams.usda.gov/mnreports/AM_ls830.txt 1545c cs .