LM_CT107 St. Joseph, Mo Tue, May 13, 2008 USDA Market News NATIONAL DAILY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED PURCHASES - Morning For Primarily Monday Afternoon, 05/12/2008 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: 11,952 39,122 9,067 31,952 18,001 31,350 Live: 5,726 13,822 3,130 9,996 3,650 5,877 Total: 17,678 52,944 12,197 41,948 21,651 37,227 NEGOTIATED GRID NET: Dressed: 3,392 6,061 1,311 4,584 4,235 8,519 Live: 0 0 0 85 0 0 Total: 3,392 6,061 1,311 4,669 4,235 8,519 FORMULA NET - DRESSED BASIS Head Wgt Avg Net Price Wtd Avg Count Range Wgt Range Net Price STEER Over 80% Choice 979 749-921 833 140.36-148.52 145.96 65 - 80% Choice 1,037 789-888 844 142.90-148.66 145.18 35 - 65% Choice 3,064 747-916 819 140.12-148.59 146.08 0 - 35% Choice 1,391 778-899 832 137.97-149.21 146.04 HEIFER Over 80% Choice 479 672-761 746 144.67-148.40 146.01 65 - 80% Choice 1,034 680-787 740 142.82-151.30 146.36 35 - 65% Choice 2,785 684-839 728 138.48-151.58 146.51 0 - 35% Choice 48 709-709 709 144.17-144.17 144.17 MIXED STEER/HEIFER Over 80% Choice 124 711-764 741 139.52-144.63 142.40 65 - 80% Choice 191 747-798 771 144.94-147.10 146.21 35 - 65% Choice 99 783-824 810 131.99-144.66 140.18 0 - 35% Choice 207 696-773 748 142.29-144.26 143.62 ALL STEERS & HEIFERS 11,438 672-921 788 131.99-151.58 145.97 MIXED STEER/HEIFER/COW No Trade Reported. DAIRYBRED STEER/HEIFER Over 80% Choice 37 840-840 840 133.72-133.72 133.72 65 - 80% Choice 64 783-783 783 138.65-138.65 138.65 35 - 65% Choice 275 761-788 770 131.53-137.15 134.26 0 - 35% Choice 138 747-765 761 130.19-132.28 130.70 FORMULA NET - LIVE BASIS Head Wgt Avg Net Price Wtd Avg Count Range Wgt Range Net Price STEER Over 80% Choice 115 1,423-1,423 1,423 94.00-94.00 94.00 65 - 80% Choice 468 1,302-1,441 1,351 92.50-94.00 93.61 35 - 65% Choice 1,947 1,150-1,325 1,234 92.00-94.00 93.05 0 - 35% Choice - - HEIFER Over 80% Choice 386 1,078-1,231 1,144 92.50-94.75 93.97 65 - 80% Choice 1,024 1,115-1,205 1,139 92.00-94.75 93.40 35 - 65% Choice 384 1,050-1,150 1,084 93.00-94.00 93.80 0 - 35% Choice - - MIXED STEER/HEIFER Over 80% Choice 69 1,226-1,226 1,226 92.00-92.00 92.00 65 - 80% Choice 90 1,095-1,095 1,095 94.00-94.00 94.00 35 - 65% Choice 810 1,025-1,250 1,165 91.00-94.00 92.69 0 - 35% Choice 37 1,356-1,356 1,356 92.50-92.50 92.50 ALL STEERS & HEIFERS 5,330 1,025-1,441 1,201 91.00-94.75 93.25 MIXED STEER/HEIFER/COW No Trade Reported. DAIRYBRED STEER/HEIFER Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 396 1,300-1,325 1,318 87.27-88.00 87.47 0 - 35% Choice - - NEGOTIATED GRID NET - DRESSED BASIS Head Wgt Avg Net Price Wtd Avg Count Range Wgt Range Net Price STEER Over 80% Choice 983 732-856 802 145.19-154.71 148.51 65 - 80% Choice 257 760-840 813 143.74-150.99 148.74 35 - 65% Choice 558 809-898 833 143.74-149.00 144.80 0 - 35% Choice 174 750-750 750 146.17-146.17 146.17 HEIFER Over 80% Choice - - 65 - 80% Choice 356 682-794 735 143.47-148.31 144.80 35 - 65% Choice 263 697-761 716 142.57-145.63 143.13 0 - 35% Choice - - MIXED STEER/HEIFER Over 80% Choice 140 690-739 703 149.09-154.91 150.63 65 - 80% Choice 119 668-790 729 138.46-150.44 146.57 35 - 65% Choice 14 782-782 782 150.16-150.16 150.16 0 - 35% Choice 11 777-777 777 145.45-145.45 145.45 ALL STEERS & HEIFERS 2,875 668-898 782 138.46-154.91 146.74 MIXED STEER/HEIFER/COW No Trade Reported. DAIRYBRED STEER/HEIFER Over 80% Choice 232 781-847 824 133.56-145.43 139.83 65 - 80% Choice 14 797-797 797 143.87-143.87 143.87 35 - 65% Choice 237 786-876 829 132.15-137.11 134.61 0 - 35% Choice 34 861-861 861 124.70-124.70 124.70 NEGOTIATED GRID NET - LIVE BASIS No Trade Reported. Source: USDA Market News Service, St. Joseph, MO 816-238-0678 email: stjoe.lgmn@usda.gov http://www.ams.usda.gov/LSMarketNews 1100C .