LM_CT109 St. Joseph, Mo Wed May 14, 2008 USDA Market News NATIONAL DAILY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED PURCHASES - SUMMARY For Primarily Tuesday, 5/13/2008 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: 34,926 74,048 39,094 71,046 16,125 47,475 Live: 12,602 26,424 7,589 17,585 6,357 12,234 Total: 47,528 100,472 46,683 88,631 22,482 59,709 NEGOTIATED GRID NET: Dressed: 5,106 11,623 8,114 12,698 7,002 15,521 Live: 468 468 1,359 1,444 550 550 Total: 5,574 12,091 9,473 14,142 7,552 16,071 FORMULA NET - DRESSED BASIS Head Weight Avg Price Avg Net Count Range Wt Range Price STEER Over 80% Choice 1,745 701-953 800 144.25-161.27 149.74 65 - 80% Choice 3,089 679-930 803 140.82-158.22 149.03 35 - 65% Choice 11,212 717-912 820 140.67-155.79 147.11 0 - 35% Choice 2,254 736-892 806 140.67-152.12 147.29 HEIFER Over 80% Choice 739 663-924 771 144.97-157.56 152.13 65 - 80% Choice 1,948 672-882 740 143.69-151.66 146.41 35 - 65% Choice 4,605 627-829 732 140.23-156.10 147.68 0 - 35% Choice 839 693-844 749 140.72-151.95 146.17 MIXED STEER/HEIFER Over 80% Choice 613 644-875 736 141.86-161.26 150.78 65 - 80% Choice 831 646-846 760 144.62-157.86 149.86 35 - 65% Choice 1,701 673-831 743 142.31-152.91 146.54 0 - 35% Choice 890 732-907 774 145.13-159.10 152.62 ALL DRESSED STEERS AND HEIFERS 30,466 627-953 786 140.23-161.27 147.88 MIXED STEER/HEIFER/COW No trade reported. DAIRYBRED STEER/HEIFER Over 80% Choice 1,613 775-921 814 133.32-151.72 148.12 65 - 80% Choice 1,121 746-895 820 130.77-146.48 143.02 35 - 65% Choice 1,489 736-862 803 131.04-146.23 141.70 0 - 35% Choice 237 834-834 834 142.75-142.75 142.75 FORMULA NET - LIVE BASIS Head Weight Avg Price Avg Net Count Range Wt Range Price STEER Over 80% Choice 491 1,176-1,262 1,228 92.00-92.50 92.34 65 - 80% Choice 2,120 1,135-1,416 1,274 92.00-95.00 93.33 35 - 65% Choice 4,718 1,159-1,533 1,276 91.00-94.75 92.86 0 - 35% Choice 766 1,234-1,325 1,293 91.39-94.50 92.41 HEIFER Over 80% Choice 612 1,104-1,390 1,136 90.00-94.50 93.46 65 - 80% Choice 1,267 1,098-1,315 1,151 91.00-95.00 94.16 35 - 65% Choice 1,910 1,065-1,213 1,153 92.00-95.03 93.21 0 - 35% Choice - - MIXED STEER/HEIFER Over 80% Choice 259 1,191-1,296 1,237 92.00-92.50 92.22 65 - 80% Choice 149 1,152-1,208 1,179 92.00-94.00 93.05 35 - 65% Choice 221 1,172-1,337 1,220 93.00-94.50 93.91 0 - 35% Choice - - ALL LIVE STEERS AND HEIFERS 12,513 1,065-1,533 1,234 90.00-95.03 93.11 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 Weight Avg Price Avg Net Count Range Wt Range Price STEER Over 80% Choice 553 739-901 811 144.74-155.71 150.81 65 - 80% Choice 155 703-804 771 146.02-149.55 148.33 35 - 65% Choice 556 734-853 817 142.37-151.32 147.92 0 - 35% Choice 319 734-819 769 141.54-148.79 146.30 HEIFER Over 80% Choice 294 668-801 717 145.18-154.46 148.39 65 - 80% Choice 541 633-779 701 143.31-148.94 146.53 35 - 65% Choice 269 669-755 711 144.92-152.37 147.55 0 - 35% Choice - - MIXED STEER/HEIFER Over 80% Choice 746 694-891 764 140.75-150.91 148.22 65 - 80% Choice 391 629-859 742 141.26-150.16 145.65 35 - 65% Choice 556 688-889 784 139.00-154.08 143.11 0 - 35% Choice 186 804-875 827 135.40-144.50 142.20 ALL DRESSED STEERS AND HEIFERS 4,566 629-901 766 135.40-155.71 147.05 MIXED STEER/HEIFER/COW No trade reported. DAIRYBRED STEER/HEIFER Over 80% Choice 258 783-864 843 133.83-139.81 136.00 65 - 80% Choice 143 838-849 842 136.31-141.93 138.30 35 - 65% Choice 139 745-811 792 136.40-137.60 136.75 0 - 35% Choice - - NEGOTIATED GRID NET - LIVE BASIS Head Weight Avg Price Avg Net Count Range Wt Range Price STEER Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice - - 0 - 35% Choice 46 1,172-1,172 1,172 85.00-85.00 85.00 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 377 1,023-1,241 1,123 84.73-91.00 86.55 0 - 35% Choice - - ALL LIVE STEERS AND HEIFERS 468 1,023-1,241 1,125 84.73-92.00 86.92 MIXED STEER/HEIFER/COW No trade reported. DAIRYBRED STEER/HEIFER No trade reported. REGIONAL ALL STEERS AND HEIFERS: DRESSED BASIS REGION: HEAD COUNT: AVG WT: AVG PRICE: TX/OK/NM 11,993 793 145.37 Kansas 4,720 773 147.03 Nebraska 4,703 812 151.28 Western Cornbelt 1,609 789 151.60 N.East/E.Cornbelt 40 781 145.54 Colorado 4,220 760 150.24 N.Central/East Mt 790 797 150.87 Western States 2,391 759 147.90 Source: USDA Market News Service, St. Joseph, MO 816-238-0678 email: stjoe.lgmn@usda.gov http://www.ams.usda.gov/LSMarketNews 1130C .