LM_CT152 St. Joseph, MO Mon, May 05, 2008 USDA Market News Service NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT This report is based on information provided by companies that agreed to continue to participate in Livestock Mandatory Reporting on a voluntary basis. IMPORTED CATTLE ONLY For cattle priced during Week ending Sunday, 05/04/2008 Dressed: Live: Total: Total Week Ago: Total Year Ago: Formula Net: 908 0 908 2,058 5,754 Negotiated Grid Net: 2,227 0 2,227 2,777 1,096 Forward Contract Net: 787 716 1,503 1,855 3,334 -------------------------------------------------------------------------------- FORMULA NET: Dressed Basis Head Weight Avg Price Avg Count Range Wt Range Price STEER Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 90 859-859 859 149.58-149.58 149.58 0 - 35% Choice 90 826-845 835 149.90-150.69 150.29 HEIFER Over 80% Choice - - 65 - 80% Choice 311 826-869 856 142.64-144.14 143.08 35 - 65% Choice 44 822-822 822 142.64-142.64 142.64 0 - 35% Choice 141 781-781 781 142.06-142.06 142.06 MIXED STEER/HEIFER Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice - - 0 - 35% Choice 37 854-854 854 145.01-145.01 145.01 ALL STEERS & HEIFERS 713 781-869 837 142.06-150.69 144.68 MIXED STEER/HEIFER/COW No Trade Reported. DAIRYBRED STEER/HEIFER Over 80% Choice - - 65 - 80% Choice 38 823-823 823 134.24-134.24 134.24 35 - 65% Choice 157 827-827 827 140.69-140.69 140.69 0 - 35% Choice - - -------------------------------------------------------------------------------- FORMULA NET: Live Basis No Trade Reported. -------------------------------------------------------------------------------- NEGOTIATED GRID NET: Dressed Basis Head Weight Avg Price Avg Count Range Wt Range Price STEER Over 80% Choice 246 781-900 868 141.82-148.38 144.51 65 - 80% Choice 274 755-913 869 138.86-148.99 144.11 35 - 65% Choice 270 816-925 879 141.54-147.65 145.11 0 - 35% Choice 123 771-967 856 142.95-146.00 145.22 HEIFER Over 80% Choice 99 739-930 892 142.35-152.41 144.69 65 - 80% Choice 410 700-918 833 138.56-148.28 144.15 35 - 65% Choice 541 704-928 819 139.40-145.47 141.85 0 - 35% Choice 120 783-877 850 143.70-146.00 144.37 MIXED STEER/HEIFER Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 102 765-848 813 145.05-146.80 145.66 0 - 35% Choice 42 654-654 654 147.63-147.63 147.63 ALL STEERS & HEIFERS 2,227 654-967 844 138.56-152.41 143.97 MIXED STEER/HEIFER/COW No Trade Reported. DAIRYBRED STEER/HEIFER No Trade Reported. -------------------------------------------------------------------------------- NEGOTIATED GRID NET: Live Basis No Trade Reported. -------------------------------------------------------------------------------- FORWARD CONTRACT NET: Dressed Basis Head Weight Avg Price Avg Count Range Wt Range Price STEER Over 80% Choice - - 65 - 80% Choice 39 782-782 782 139.84-139.84 139.84 35 - 65% Choice 253 749-774 762 140.67-152.33 145.45 0 - 35% Choice - - HEIFER Over 80% Choice - - 65 - 80% Choice 185 737-737 737 145.70-147.46 145.85 35 - 65% Choice 234 715-727 720 143.81-153.29 147.78 0 - 35% Choice - - MIXED STEER/HEIFER No Trade Reported. ALL STEERS & HEIFERS 711 715-782 743 139.84-153.29 146.02 MIXED STEER/HEIFER/COW No Trade Reported. DAIRYBRED STEER/HEIFER Over 80% Choice - - 65 - 80% Choice 76 768-768 768 149.69-149.69 149.69 35 - 65% Choice - - 0 - 35% Choice - - -------------------------------------------------------------------------------- FORWARD CONTRACT NET: Live Basis Head Weight Avg Price Avg Count Range Wt Range Price STEER Over 80% Choice 30 1,531-1,531 1,531 97.14-97.14 97.14 65 - 80% Choice 95 1,387-1,503 1,429 94.85-97.84 96.57 35 - 65% Choice 254 1,256-1,449 1,341 91.89-101.06 96.66 0 - 35% Choice 273 1,178-1,296 1,244 89.45-98.88 95.28 HEIFER Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 64 1,304-1,306 1,305 92.22-94.83 93.57 0 - 35% Choice - - MIXED STEER/HEIFER No Trade Reported. ALL STEERS & HEIFERS 716 1,178-1,531 1,320 89.45-101.06 95.86 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 1130C .