LM_CT109 St. Joseph, Mo Thu, Jul 03, 2008 USDA Market News NATIONAL DAILY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED PURCHASES - SUMMARY For Primarily Wednesday, 07/02/2008 This report is based on information provided by companies that agreed to continue to participate in Livestock Mandatory Reporting on a voluntary basis. Head Week to Same Day Same Period Same Day Same Period Count Date Week Ago Last Week Year Ago Last Year FORMULA NET: Dressed: 28,607 88,107 28,168 88,017 10,551 60,730 Live: 1,519 15,063 3,642 13,750 2,524 11,142 Total: 30,126 103,170 31,810 101,767 13,075 71,872 NEGOTIATED GRID NET: Dressed: 9,238 24,026 4,893 14,311 3,182 13,841 Live: 1,684 5,927 0 2,214 0 811 Total: 10,922 29,953 4,893 16,525 3,182 14,652 FORMULA NET - DRESSED BASIS Head Weight Avg Price Avg Net Count Range Wt Range Price STEER Over 80% Choice 877 774-916 844 147.56-159.68 154.13 65 - 80% Choice 1,660 744-933 842 148.74-162.58 153.08 35 - 65% Choice 9,259 586-904 833 144.00-161.00 152.24 0 - 35% Choice 2,932 673-905 834 145.46-154.42 150.64 HEIFER Over 80% Choice 835 663-818 729 150.29-160.01 153.96 65 - 80% Choice 870 629-826 740 147.29-173.98 152.31 35 - 65% Choice 3,310 639-871 770 136.01-157.81 151.95 0 - 35% Choice 1,138 609-877 718 142.96-154.00 149.66 MIXED STEER/HEIFER Over 80% Choice 344 682-809 765 148.42-177.51 160.48 65 - 80% Choice 459 695-858 767 146.93-159.01 152.24 35 - 65% Choice 2,730 683-892 789 137.65-159.80 152.41 0 - 35% Choice 629 570-869 691 142.20-149.20 145.53 ALL DRESSED STEERS AND HEIFERS 25,043 570-933 803 136.01-177.51 152.04 MIXED STEER/HEIFER/COW No Reportable Trade. DAIRYBRED STEER/HEIFER Over 80% Choice 1,249 756-883 817 132.67-160.16 152.86 65 - 80% Choice 1,314 765-844 802 144.58-157.46 149.26 35 - 65% Choice 944 746-856 815 134.80-156.17 145.04 0 - 35% Choice 57 630-749 653 131.03-144.29 133.59 FORMULA NET - LIVE BASIS Head Weight Avg Price Avg Net Count Range Wt Range Price STEER Over 80% Choice 118 1,475-1,475 1,475 98.00-98.00 98.00 65 - 80% Choice - - 35 - 65% Choice 688 1,200-1,320 1,286 99.50-99.50 99.50 0 - 35% Choice - - HEIFER Over 80% Choice - - 65 - 80% Choice 245 1,248-1,248 1,248 98.00-98.00 98.00 35 - 65% Choice 438 1,050-1,175 1,120 96.00-99.50 97.55 0 - 35% Choice - - MIXED STEER/HEIFER No Trade Reported. ALL LIVE STEERS AND HEIFERS 1,489 1,050-1,475 1,246 96.00-99.50 98.56 MIXED STEER/HEIFER/COW No Trade Reported. DAIRYBRED STEER/HEIFER Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 30 1,248-1,248 1,248 91.97-91.97 91.97 0 - 35% Choice - - NEGOTIATED GRID NET - DRESSED BASIS Head Weight Avg Price Avg Net Count Range Wt Range Price STEER Over 80% Choice 902 717-902 814 152.05-158.53 154.15 65 - 80% Choice 1,321 713-929 821 144.34-157.32 153.12 35 - 65% Choice 2,671 738-909 821 139.43-157.52 151.98 0 - 35% Choice 526 678-917 811 145.68-152.51 149.51 HEIFER Over 80% Choice 492 668-873 792 148.24-154.21 151.39 65 - 80% Choice 592 677-813 741 149.93-155.00 152.23 35 - 65% Choice 551 706-890 797 141.99-155.00 149.96 0 - 35% Choice - - MIXED STEER/HEIFER Over 80% Choice 75 712-773 736 143.50-151.43 148.26 65 - 80% Choice 393 669-917 813 148.50-155.88 152.95 35 - 65% Choice 951 727-908 788 139.34-151.86 147.23 0 - 35% Choice 298 584-782 744 141.28-152.92 145.48 ALL DRESSED STEERS AND HEIFERS 8,772 584-929 804 139.34-158.53 151.36 MIXED STEER/HEIFER/COW No Trade Reported. DAIRYBRED STEER/HEIFER Over 80% Choice 67 787-787 787 132.78-132.78 132.78 65 - 80% Choice 40 730-730 730 137.32-137.32 137.32 35 - 65% Choice 318 796-846 814 147.00-150.00 148.07 0 - 35% Choice 41 837-837 837 136.40-136.40 136.40 NEGOTIATED GRID NET - LIVE BASIS Head Weight Avg Price Avg Net Count Range Wt Range Price STEER Over 80% Choice - - 65 - 80% Choice 92 1,028-1,068 1,048 90.94-92.00 91.47 35 - 65% Choice 166 1,142-1,454 1,298 89.78-92.00 90.49 0 - 35% Choice 231 1,255-1,283 1,269 94.00-94.00 94.00 HEIFER No Trade Reported. MIXED STEER/HEIFER Over 80% Choice - - 65 - 80% Choice 76 1,189-1,189 1,189 90.57-90.57 90.57 35 - 65% Choice 637 1,114-1,367 1,238 90.72-96.00 93.08 0 - 35% Choice 444 1,128-1,311 1,209 91.63-96.00 93.58 ALL LIVE STEERS AND HEIFERS 1,646 1,028-1,454 1,228 89.78-96.00 92.88 MIXED STEER/HEIFER/COW No Trade Reported. DAIRYBRED STEER/HEIFER Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 38 1,320-1,320 1,320 89.00-89.00 89.00 0 - 35% Choice - - REGIONAL ALL STEERS AND HEIFERS: FORMULA DRESSED BASIS REGION: HEAD COUNT: AVG WT: AVG PRICE: TX/OK/NM 5,830 796 151.65 Kansas 1,407 770 152.09 Nebraska 3,750 814 153.42 Western Cornbelt 122 841 152.79 N.East/E.Cornbelt 153 741 152.16 Colorado 10,352 802 151.54 N.Central/East Mt 119 850 152.56 Western States 3,310 823 152.68 Source: USDA Market News Service, St. Joseph, MO 816-238-0678 email: stjoe.lgmn@usda.gov http://www.ams.usda.gov/LSMarketNews 1130C .