AM_LS830 Amarillo, TX Thu May 15, 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: not enough sales for an adequate market price trend comparison. Steers: Live basis; (all Grades: 200 head) 94.00. Dressed basis; (all Grades: 1,148 head) 150.00. Heifers: live basis; (all Grades: 0 head). Dressed Basis; (all Grades: 0 head). Auction markets: Tama Slaughter Cattle Auction - Tama, IA on Wednesday Receipts: 818 Last Week: 603 Year Ago: 938 Compared to last week: Choice steers $2.00-$2.50 lower, choice heifers $2.00- $3.00 lower. Slaughter Steers Choice 2-4 - 1131-1488 lbs 92.25-95.10. Slaughter Heifers Choice 2-4 - 1055-1375 lbs 91.50-94.00 Sioux Falls Slaughter Cattle - Close on Wednesday Actual receipts 852 Compared to last week: Slaughter steers and heifers steady. Steers: Choice 2-3 1180-1430 lbs 89.60-92.50, pkg qualifying for Natural Beef Program 1305 lbs 100.00, no implants 1185-1360 lbs 96.00-97.80. Select and Choice 2-3 1300-1450 lbs 87.25-88.60, no implants 1181 lbs 92.00. Heifers: Choice 2-3 1160-1345 lbs 89.25-91.60, qualifying for Natural Beef Program 1215-1330 lbs 99.75-101.50, pkg no implants 1300 lbs 95.00. Choice 3-4 pkg 1345 lbs 90.00. Select and Choice 2-3 pkg 1335 lbs 86.25. CATTLE Slaughter under Federal Inspection Thursday (est) 130,000 Week ago (est) 128,000 Year ago (act) 124,000 Week to date (est) 515,000 Same Period Last Week (est) 510,000 Same Period Last Year (act) 500,000 CME Futures Closes for Live Cattle: Month Close Change Month Close Change Jun 94.35 - .27 Dec 106.37 - .22 Aug 99.50 - .72 Feb 107.87 - .22 Oct 105.95 - .32 Apr 108.90 - .52 Clovis Livestock Auction Summary - Clovis, NM - on Wednesday Compared to last week: Slaughter cows 2.00-3.00 higher. % Lean Weight Avg Dressing Hi Dressing Lo Dressing Breakers 75-80 1200-1600 53.50-55.75 --- --- Boners 80-85 1200-1600 54.50-60.85 61.25-63.00 --- Boners 80-85 800-1200 55.50-60.80 61.00-62.75 --- Lean 85-90 1200-1600 --- 59.50-60.25 --- Lean 85-90 1000-1200 52.75-58.00 59.50-61.50 49.00-50.00 Lean 85-90 800-1000 50.00-56.50 59.50-62.00 39.00-43.50 Lean 85-90 under 800 45.00-49.50 51.25-52.50 40.00-42.50 CME Future Closes for Feeder Cattle Month Close Change Month Close Change May 108.60 + .15 Oct 115.45 + .35 Aug 113.27 + .52 Nov 115.25 + 0 Sep 114.55 + .45 Jan 112.95 - .10 OKC West - El Reno Livestock Market, El Reno, OK. - on Wednesday Actual Receipts: 6370 Last Week: 5848 Last Year: 7286 Compared to last week: Feeder steers and heifers steady to 3.00 higher, except steers over 900 lbs and heifers over 800 lbs 2.00-4.00 higher. Steer calves 4.00-8.00 higher. Heifer calves 3.00-6.00 higher. Feeder Steers: Medium and Large 1: pkg 365 lbs 143.50; 400-450 lbs 136.00- 142.00; few 450-500 lbs 127.00-133.00; 500-575 lbs 126.00-139.00; 600-615 lbs thin 123.00-124.00; 600-700 lbs 111.00-117.00; 700-800 lbs 109.00-112.75; 800- 850 lbs 103.75-107.00; 850-900 lbs 100.50-105.25; 900-1000 lbs 97.25-102.75; 1000-1075 lbs 96.50-99.00. Feeder Heifers: Medium and Large 1: 400-500 lbs 108.00-116.50; few 525-575 lbs 109.00-113.50; 645-700 lbs 103.75-105.00; 725-800 lbs 99.50-103.00; 800-825 lbs 97.00-102.00; pkg 980 lbs 91.00. 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 1.31 lower with prices ranging from 70.00-85.14, weighted average price 80.68. Iowa-Minnesota 1.50 lower at 71.60-85.14, weighted average price 81.82. Western Cornbelt 1.43 lower at 71.00-85.14, weighted average price 81.79 and the Eastern Cornbelt .55 lower at 70.00-81.07, weighted average price 78.89. Live Basis (240-280 lbs): National direct barrows and gilt 1.57 lower at 54.82-63.00, weighted average 61.77. Iowa-Minnesota 1.59 lower at 57.37-63.00, weighted average 62.17. Western Cornbelt 1.70 lower at 55.74-63.00, weighted average 62.06. Eastern Cornbelt .23 lower at 54.82-62.67, weighted average 61.44. Terminal Markets: At Sioux Falls, barrows and gilts .50-1.00 lower with 49-51 percent lean 220- 280 lbs selling at 56.00. At St. Joseph, barrows and gilts steady with 46-50 percent lean 240-280 lbs selling at 53.00-53.50. HOG Slaughter under Federal Inspection Thursday (est) 415,000 Week ago (est) 415,000 Year ago (act) 398,000 Week to date (est) 1,654,000 Same Period Last Week (est) 1,650,000 Same Period Last Year (act) 1,542,000 CME Futures Closes for Lean Hogs: Month Close Change Month Close Change Jun 77.07 - 1.10 Oct 72.30 - 1.25 Jul 77.05 - .40 Dec 74.45 - 1.27 Aug 77.05 - .90 Feb 80.60 - .35 SHEEP Auction Markets: Centennial Livestock Auction, Ft. Collins, CO - on Wednesday Compared to last week: Slaughter lambs sold mostly steady. Slaughter Lambs: Wooled: Choice 1-2 43 lbs 116.00; 63 lbs 117.50; 70-80 lbs 121.00-122.50; 80-90 lbs 117.00-122.00; 100-105 lbs 111.00-116.00; 114 lbs 113.00. Choice 2-3 75 lbs 115.00; 80-85 lbs 112.00; 90-105 lbs 106.00-112.00. Good and Choice 1-2 48 lbs 98.00; 54 lbs 97.00-107.00; 60-70 lbs 102.50-110.00; 75-80 lbs 104.50-112.00. Good 1-2 45-50 lbs 91.00-92.00; 55-65 lbs 92.00-93.00. SHEEP Slaughter under Federal Inspection Thursday (est) 11,000 Week ago (est) 10,000 Year ago (act) 9,000 Week to date (est) 35,000 Same Period Last Week (est) 36,000 Same Period Last Year (act) 35,000 GOATS Auction Markets: Centennial Livestock Auction, Ft. Collins, CO - on Wednesday Compared to last week: Slaughter kids sold steady to 3.00 lower, instances of 5.00 lower on light weights. Slaughter/Feeder Kids: Selection 1 30-40 lbs 40.00-41.00; 40-50 lbs 42.50-57.50; 50-60 lbs 52.00-62.00; 60-70 lbs 71.00- 80.00. Selection 2 35-40 lbs 30.00-37.50; 40-45 lbs 37.50-42.00; 60-70 lbs 57.50-67.50. Selection 3 38 lb 11.00-18.00; 45-50 lbs 32.50-34.00; 51 lb 34.00. 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 1550c ktg .