LM_CT108 St. Joseph, Mo Tue, May 13, 2008 USDA Market News NATIONAL DAILY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED PURCHASES - Afternoon Cattle Priced So Far Today 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: 8,872 47,994 7,739 39,691 5,660 37,010 Live: 5,208 19,030 4,249 14,245 1,060 6,937 Total: 14,080 67,024 11,988 53,936 6,720 43,947 NEGOTIATED GRID NET: Dressed: 1,746 8,263 3,391 7,975 3,355 11,874 Live: 355 355 799 884 0 0 Total: 2,101 8,618 4,190 8,859 3,355 11,874 FORMULA NET - DRESSED BASIS Head Wgt Avg Net Price Wtd Avg Count Range Wgt Range Net Price STEER Over 80% Choice 229 701-871 772 151.68-157.51 155.82 65 - 80% Choice 664 818-881 839 148.05-154.22 150.06 35 - 65% Choice 1,848 765-822 806 144.19-151.00 147.59 0 - 35% Choice 109 793-793 793 145.67-145.67 145.67 HEIFER Over 80% Choice 430 663-924 788 149.03-157.56 153.47 65 - 80% Choice 631 672-755 722 144.37-148.42 146.06 35 - 65% Choice 323 661-812 759 140.23-153.88 148.57 0 - 35% Choice - - MIXED STEER/HEIFER Over 80% Choice 237 644-773 704 141.86-157.66 149.03 65 - 80% Choice 165 673-781 731 144.62-146.21 145.10 35 - 65% Choice 515 678-831 732 144.21-148.40 146.43 0 - 35% Choice 256 764-907 852 145.13-147.70 146.26 ALL STEERS & HEIFERS 5,407 644-924 783 140.23-157.66 148.36 MIXED STEER/HEIFER/COW No Trade Reported. DAIRYBRED STEER/HEIFER Over 80% Choice 1,583 775-921 814 136.17-151.72 148.40 65 - 80% Choice 1,012 746-895 817 133.80-146.48 143.56 35 - 65% Choice 870 742-842 821 139.02-146.23 144.87 0 - 35% Choice - - FORMULA NET - LIVE BASIS Head Wgt Avg Net Price Wtd Avg Count Range Wgt Range Net Price STEER Over 80% Choice 334 1,176-1,262 1,222 92.50-92.50 92.50 65 - 80% Choice 637 1,135-1,416 1,271 92.00-94.00 92.61 35 - 65% Choice 2,605 1,159-1,533 1,270 91.00-94.75 92.52 0 - 35% Choice 233 1,234-1,314 1,264 92.00-94.50 93.59 HEIFER Over 80% Choice 17 1,390-1,390 1,390 90.00-90.00 90.00 65 - 80% Choice 370 1,099-1,315 1,124 91.00-95.00 93.23 35 - 65% Choice 582 1,103-1,190 1,162 92.00-94.25 92.58 0 - 35% Choice - - MIXED STEER/HEIFER Over 80% Choice 113 1,296-1,296 1,296 92.50-92.50 92.50 65 - 80% Choice 149 1,152-1,208 1,179 92.00-94.00 93.05 35 - 65% Choice 79 1,172-1,337 1,281 94.00-94.00 94.00 0 - 35% Choice - - ALL STEERS & HEIFERS 5,119 1,099-1,533 1,242 90.00-95.00 92.67 MIXED STEER/HEIFER/COW No Trade Reported. DAIRYBRED STEER/HEIFER Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 14 1,351-1,351 1,351 89.96-89.96 89.96 0 - 35% Choice 75 1,337-1,370 1,353 89.96-89.96 89.96 NEGOTIATED GRID NET - DRESSED BASIS Head Wgt Avg Net Price Wtd Avg Count Range Wgt Range Net Price STEER Over 80% Choice 208 746-869 812 144.74-155.71 149.71 65 - 80% Choice 155 703-804 771 146.02-149.55 148.33 35 - 65% Choice 117 734-840 803 142.50-148.03 144.44 0 - 35% Choice 79 734-819 775 141.54-144.63 143.14 HEIFER Over 80% Choice 110 668-801 706 145.18-154.46 148.26 65 - 80% Choice 196 633-721 652 145.24-148.50 147.64 35 - 65% Choice 19 755-755 755 152.37-152.37 152.37 0 - 35% Choice - - MIXED STEER/HEIFER Over 80% Choice 225 732-808 759 140.75-150.91 147.96 65 - 80% Choice 36 859-859 859 146.40-146.40 146.40 35 - 65% Choice 312 688-889 797 139.00-145.88 141.00 0 - 35% Choice 186 804-875 827 135.40-144.50 142.20 ALL STEERS & HEIFERS 1,643 633-889 771 135.40-155.71 145.76 MIXED STEER/HEIFER/COW No Trade Reported. DAIRYBRED STEER/HEIFER Over 80% Choice 43 783-839 824 136.93-139.81 139.01 65 - 80% Choice 60 848-849 848 140.32-141.93 141.04 35 - 65% Choice - - 0 - 35% Choice - - NEGOTIATED GRID NET - LIVE BASIS Head Wgt Avg Net Price Wtd Avg Count Range Wgt Range Net Price STEER No Trade Reported. HEIFER No Trade Reported. MIXED STEER/HEIFER Over 80% Choice - - 65 - 80% Choice 45 1,094-1,094 1,094 92.00-92.00 92.00 35 - 65% Choice 264 1,023-1,241 1,122 84.73-84.73 84.73 0 - 35% Choice - - ALL STEERS & HEIFERS 355 1,023-1,241 1,125 84.73-92.00 85.69 MIXED STEER/HEIFER/COW No Trade Reported. DAIRYBRED STEER/HEIFER 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 1500C .