LM_CT154 St Joseph, MO Mon May 12, 2008 USDA Market News NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES For Week Ending Sunday, 5/11/2008 Trading was light on Wednesday, Thursday and Friday in Northern Plains and Western Cornbelt with light to moderate demand. Trading was active on Friday in the South Plains with good demand. For the week live sales in Texas and Kansas sold 2.00 higher at 94.00. Dressed sales in Kansas sold 3.00-3.50 higher ranging from 148.00 -149.00. Live sales in Colorado sold .50-1.50 higher at 94.00 while dressed sale traded 1.00-2.00 lower at 147.00. In Nebraska, live sales sold .50-1.00 higher at 94.00 and dressed sales sold unevenly steady from 147.00-149.00. In Iowa/Minnesota, live sales sold steady to 1.00 lower at 92.00 and dressed sales traded unevenly steady from 147.00-149.00. This report is based on information provided by companies that agreed to continue to participate in Livestock Mandatory Reporting on a voluntary basis. NEGOTIATED CASH: Confirmed for the week: 203,346 Week ago: 218,035 Year ago: 244,888 NEGOTIATED GRID BASE: Confirmed for the week: 27,814 Week ago: 32,510 Year ago: 38,885 DOMESTIC NEGOTIATED CASH PRICES Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price STEERS: LIVE FOB Over 80% Choice 1,464 63.5 1,225-1,450 1,343 92.00-95.00 93.12 65 - 80% Choice 9,758 63.3 1,125-1,450 1,298 90.25-95.00 93.31 35 - 65% Choice 52,412 63.5 1,060-1,440 1,267 91.50-94.50 93.93 0 - 35% Choice 1,387 63.7 1,160-1,350 1,272 94.00-94.00 94.00 Total all grades 65,021 63.5 1,060-1,450 1,273 90.25-95.00 93.82 STEERS: LIVE DELIVERED Over 80% Choice 461 63.6 1,250-1,425 1,378 93.50-95.25 94.71 65 - 80% Choice 585 63.1 1,250-1,400 1,301 91.50-94.00 92.76 35 - 65% Choice 625 62.9 1,225-1,400 1,326 92.50-93.50 93.04 0 - 35% Choice - - Total all grades 1,671 63.2 1,225-1,425 1,331 91.50-95.25 93.40 STEERS: DRESSED DELIVERED Over 80% Choice 913 62.5 806-906 843 147.00-149.00 148.14 65 - 80% Choice 13,215 63.1 724-932 833 146.00-150.00 148.33 35 - 65% Choice 28,974 63.2 676-928 819 145.00-154.00 148.02 0 - 35% Choice 122 62.7 753-843 811 146.00-150.00 147.90 Total all grades 43,224 63.1 676-932 823 145.00-154.00 148.12 STEERS: DRESSED FOB Over 80% Choice 24 64.0 642-645 643 148.00-148.00 148.00 65 - 80% Choice 155 64.5 838-951 893 146.00-149.00 147.55 35 - 65% Choice - - 0 - 35% Choice - - Total all grades 179 64.4 642-951 859 146.00-149.00 147.61 Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price HEIFERS: LIVE FOB Over 80% Choice 1,495 63.3 1,075-1,385 1,166 90.00-94.00 93.21 65 - 80% Choice 7,240 63.5 1,045-1,300 1,167 91.00-94.00 93.36 35 - 65% Choice 27,337 63.6 1,000-1,350 1,142 91.50-94.50 93.91 0 - 35% Choice 1,080 63.0 1,100-1,285 1,176 94.00-94.50 94.29 Total all grades 37,152 63.6 1,000-1,385 1,149 90.00-94.50 93.78 HEIFERS: LIVE DELIVERED Over 80% Choice 37 63.2 1,275-1,275 1,275 93.50-93.50 93.50 65 - 80% Choice 873 63.0 1,100-1,250 1,203 92.00-94.00 93.04 35 - 65% Choice 344 62.7 1,125-1,250 1,175 90.00-94.00 93.24 0 - 35% Choice - - Total all grades 1,254 62.9 1,100-1,275 1,197 90.00-94.00 93.11 HEIFERS: DRESSED DELIVERED Over 80% Choice 926 62.9 718-806 748 147.00-150.00 148.22 65 - 80% Choice 6,638 63.5 693-901 766 146.00-150.00 148.05 35 - 65% Choice 17,361 63.3 617-847 742 146.00-150.00 148.02 0 - 35% Choice - - Total all grades 24,925 63.3 617-901 749 146.00-150.00 148.04 HEIFERS: DRESSED FOB No trade reported. Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price MIXED STEER/HEIFERS: LIVE FOB Over 80% Choice 838 63.2 1,075-1,350 1,233 90.00-95.00 93.43 65 - 80% Choice 2,179 63.2 1,150-1,355 1,253 88.00-94.60 92.95 35 - 65% Choice 11,901 63.3 1,040-1,375 1,223 90.00-94.50 93.68 0 - 35% Choice 76 64.0 1,215-1,215 1,215 94.50-94.50 94.50 Total all grades 14,994 63.3 1,040-1,375 1,228 88.00-95.00 93.57 MIXED STEER/HEIFERS: LIVE DELIVERED Over 80% Choice 111 63.3 1,225-1,400 1,292 91.50-94.00 92.57 65 - 80% Choice 578 62.9 1,150-1,280 1,222 91.00-94.00 92.63 35 - 65% Choice 588 63.0 1,185-1,250 1,217 92.00-94.50 93.21 0 - 35% Choice - - Total all grades 1,277 63.0 1,150-1,400 1,226 91.00-94.50 92.90 MIXED STEER/HEIFERS: DRESSED DELIVERED Over 80% Choice 322 62.8 693-857 790 147.00-149.00 148.03 65 - 80% Choice 3,323 63.1 712-904 790 146.00-149.50 148.04 35 - 65% Choice 6,205 62.5 677-840 771 145.00-156.00 148.76 0 - 35% Choice 689 62.8 759-765 762 147.00-149.00 147.46 Total all grades 10,539 62.7 677-904 777 145.00-156.00 148.43 MIXED STEER/HEIFERS: DRESSED FOB No trade reported. Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price ALL BEEF TYPE STEERS AND HEIFERS LIVE FOB 117,167 63.5 1,000-1,450 1,228 88.00-95.00 93.77 LIVE DELIVERED 4,202 63.0 1,100-1,425 1,259 90.00-95.25 93.16 DRESSED DELIVERED 78,688 63.1 617-932 794 145.00-156.00 148.13 DRESSED FOB 179 64.4 642-951 859 146.00-149.00 147.61 Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price DAIRYBRED STEER/HEIFERS: LIVE FOB Over 80% Choice 116 63.5 1,365-1,598 1,426 81.00-82.00 81.37 65 - 80% Choice 752 59.9 1,290-1,365 1,334 82.00-85.00 83.60 35 - 65% Choice 556 60.8 1,300-1,375 1,343 80.00-84.00 82.66 0 - 35% Choice 75 65.0 1,253-1,253 1,253 85.50-85.50 85.50 Total all grades 1,499 60.8 1,253-1,598 1,340 80.00-85.50 83.17 DAIRYBRED STEER/HEIFERS: LIVE DELIVERED Over 80% Choice 97 59.0 1,340-1,340 1,340 81.00-81.00 81.00 65 - 80% Choice 57 60.7 1,400-1,400 1,400 83.50-86.00 85.12 35 - 65% Choice - - 0 - 35% Choice - - Total all grades 154 59.6 1,340-1,400 1,362 81.00-86.00 82.53 DAIRYBRED STEER/HEIFERS: DRESSED DELIVERED Over 80% Choice 999 62.0 610-1,003 829 138.00-145.00 141.53 65 - 80% Choice 80 60.0 825-825 825 139.00-139.00 139.00 35 - 65% Choice 284 59.8 739-823 798 130.00-141.00 138.17 0 - 35% Choice 57 62.0 533-732 657 130.00-135.00 132.93 Total all grades 1,420 61.4 533-1,003 816 130.00-145.00 140.37 DAIRYBRED STEER/HEIFERS: DRESSED FOB Over 80% Choice 17 62.0 697-697 697 140.00-140.00 140.00 65 - 80% Choice - - 35 - 65% Choice - - 0 - 35% Choice 20 62.0 659-659 659 140.00-140.00 140.00 Total all grades 37 62.0 659-697 677 140.00-140.00 140.00 Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price MIXED STEER/HEIFER/COWS No trade reported. NEGOTIATED GRID BASE PRICES: Final Net Prices Shown on LM_CT109 and LM_CT151 Formula Reports Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price STEERS: LIVE FOB Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 806 63.7 1,200-1,300 1,227 92.00-94.00 93.28 0 - 35% Choice - - Total all grades 806 63.7 1,200-1,300 1,227 92.00-94.00 93.28 STEERS: LIVE DELIVERED Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 317 63.2 1,300-1,300 1,300 90.00-90.00 90.00 0 - 35% Choice - - Total all grades 317 63.2 1,300-1,300 1,300 90.00-90.00 90.00 STEERS: DRESSED DELIVERED Over 80% Choice 189 62.5 722-848 783 148.00-152.00 150.56 65 - 80% Choice 3,604 63.1 721-868 800 146.00-152.00 148.80 35 - 65% Choice 4,935 63.2 700-869 789 147.00-153.00 149.48 0 - 35% Choice 65 63.0 756-756 756 149.50-149.50 149.50 Total all grades 8,793 63.1 700-869 793 146.00-153.00 149.23 STEERS: DRESSED FOB Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 245 64.2 805-815 807 148.00-148.00 148.00 0 - 35% Choice - - Total all grades 245 64.2 805-815 807 148.00-148.00 148.00 Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price HEIFERS: LIVE FOB Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 388 63.7 1,100-1,175 1,136 92.00-93.50 92.40 0 - 35% Choice - - Total all grades 388 63.7 1,100-1,175 1,136 92.00-93.50 92.40 HEIFERS: LIVE DELIVERED Over 80% Choice 50 61.0 1,125-1,125 1,125 93.50-93.50 93.50 65 - 80% Choice - - 35 - 65% Choice 73 63.5 1,250-1,250 1,250 92.00-92.00 92.00 0 - 35% Choice - - Total all grades 123 62.5 1,125-1,250 1,199 92.00-93.50 92.61 HEIFERS: DRESSED DELIVERED Over 80% Choice 58 62.9 744-749 748 147.00-149.00 148.48 65 - 80% Choice 2,346 62.6 660-830 771 146.00-152.00 148.90 35 - 65% Choice 4,323 62.9 669-896 784 146.00-153.00 148.38 0 - 35% Choice 192 62.2 730-799 773 145.00-149.50 146.77 Total all grades 6,919 62.8 660-896 779 145.00-153.00 148.51 HEIFERS: DRESSED FOB No trade reported. Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price MIXED STEER/HEIFERS: LIVE FOB Over 80% Choice 100 62.4 1,225-1,225 1,225 90.00-90.00 90.00 65 - 80% Choice - - 35 - 65% Choice 544 62.8 1,075-1,240 1,135 91.50-92.50 91.73 0 - 35% Choice - - Total all grades 644 62.8 1,075-1,240 1,149 90.00-92.50 91.46 MIXED STEER/HEIFERS: LIVE DELIVERED No trade reported. MIXED STEER/HEIFERS: DRESSED DELIVERED Over 80% Choice 534 62.9 676-894 763 146.00-164.00 150.13 65 - 80% Choice 2,792 62.8 682-837 783 145.00-152.00 148.81 35 - 65% Choice 4,728 62.7 646-889 772 130.00-153.00 147.19 0 - 35% Choice - - Total all grades 8,054 62.8 646-894 775 130.00-164.00 147.95 MIXED STEER/HEIFERS: DRESSED FOB No trade reported. Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price ALL BEEF TYPE STEERS AND HEIFERS LIVE FOB 1,838 63.4 1,075-1,300 1,180 90.00-94.00 92.45 LIVE DELIVERED 440 63.0 1,125-1,300 1,272 90.00-93.50 90.73 DRESSED DELIVERED 23,766 62.9 646-896 783 130.00-164.00 148.58 DRESSED FOB 245 64.2 805-815 807 148.00-148.00 148.00 Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price DAIRYBRED STEER/HEIFERS: LIVE FOB Over 80% Choice - - 65 - 80% Choice 40 60.7 1,375-1,375 1,375 80.00-80.00 80.00 35 - 65% Choice - - 0 - 35% Choice - - Total all grades 40 60.7 1,375-1,375 1,375 80.00-80.00 80.00 DAIRYBRED STEER/HEIFERS: LIVE DELIVERED No trade reported. DAIRYBRED STEER/HEIFERS: DRESSED DELIVERED Over 80% Choice 38 62.0 750-750 750 142.00-142.00 142.00 65 - 80% Choice 415 59.9 720-873 795 137.00-140.00 137.66 35 - 65% Choice 1,019 60.8 684-876 802 137.00-148.00 138.27 0 - 35% Choice 13 58.0 739-739 740 140.00-140.00 140.00 Total all grades 1,485 60.5 684-876 798 137.00-148.00 138.21 DAIRYBRED STEER/HEIFERS: DRESSED FOB No trade reported. Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price MIXED STEER/HEIFER/COWS No trade reported. IMPORTED - CANADA NEGOTIATED CASH PRICES Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price STEERS: DRESSED DELIVERED Over 80% Choice 27 62.0 860-968 917 142.00-144.00 142.96 65 - 80% Choice - - 35 - 65% Choice 240 62.0 800-800 800 158.00-158.00 158.00 0 - 35% Choice - - Total all grades 267 62.0 800-968 812 142.00-158.00 156.48 STEERS: DRESSED FOB Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice - - 0 - 35% Choice - - Total all grades - - Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price HEIFERS: DRESSED DELIVERED Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 264 63.3 750-750 750 155.00-155.00 155.00 0 - 35% Choice - - Total all grades 264 63.3 750-750 750 155.00-155.00 155.00 HEIFERS: DRESSED FOB No trade reported. Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price MIXED STEER/HEIFERS: DRESSED DELIVERED Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 2,460 61.9 800-800 800 157.50-158.00 157.57 0 - 35% Choice - - Total all grades 2,460 61.9 800-800 800 157.50-158.00 157.57 MIXED STEER/HEIFERS: DRESSED FOB No trade reported. Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price ALL BEEF TYPE STEERS AND HEIFERS DRESSED DELIVERED 2,991 62.0 750-968 797 142.00-158.00 157.25 DRESSED FOB - - Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price DAIRYBRED STEER/HEIFERS: DRESSED DELIVERED Over 80% Choice 37 62.0 808-843 828 142.00-142.00 142.00 65 - 80% Choice - - 35 - 65% Choice - - 0 - 35% Choice - - Total all grades 37 62.0 808-843 828 142.00-142.00 142.00 DAIRYBRED STEER/HEIFERS: DRESSED FOB No trade reported. Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price MIXED STEER/HEIFER/COWS: DRESSED No trade reported. IMPORTED NEGOTIATED GRID BASE PRICES: Final Net Prices Shown on LM_CT109 and LM_CT152 Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price STEERS: DRESSED DELIVERED Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 195 62.8 812-834 827 148.00-152.50 151.00 0 - 35% Choice - - Total all grades 195 62.8 812-834 827 148.00-152.50 151.00 STEERS: DRESSED FOB No trade reported. Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price HEIFERS: DRESSED DELIVERED Over 80% Choice - - 65 - 80% Choice - - 35 - 65% Choice 107 62.1 812-821 819 148.00-150.00 149.42 0 - 35% Choice - - Total all grades 107 62.1 812-821 819 148.00-150.00 149.42 HEIFERS: DRESSED FOB No trade reported. Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price MIXED STEER/HEIFERS: DRESSED DELIVERED Over 80% Choice - - 65 - 80% Choice 544 64.0 864-864 864 147.00-147.00 147.00 35 - 65% Choice 567 63.5 812-864 852 147.00-148.00 147.86 0 - 35% Choice 36 62.5 812-812 813 148.00-148.00 148.00 Total all grades 1,147 63.7 812-864 856 147.00-148.00 147.46 MIXED STEER/HEIFERS: DRESSED FOB No trade reported. Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price ALL BEEF TYPE STEERS AND HEIFERS DRESSED DELIVERED 1,449 63.5 812-864 850 147.00-152.50 148.08 DRESSED FOB - - Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price DAIRYBRED STEER/HEIFERS: DRESSED No trade reported. Grade: Head Dress WT Wtd Avg Price Wtd Avg Count Pct Range Wt Range Price MIXED STEER/HEIFER/COWS: DRESSED No trade reported. REGIONAL SECTION COLORADO: ALL BEEF TYPE STEERS AND HEIFERS LIVE FOB 8,880 63.0 1,075-1,425 1,249 93.00-94.50 94.06 LIVE DELIVERED - - DRESSED DELIVERED 2,078 64.0 677-839 795 145.00-149.00 146.94 DRESSED FOB - - WESTERN CORNBELT: MN/IA/MO ALL BEEF TYPE STEERS AND HEIFERS LIVE FOB 6,471 63.0 1,075-1,450 1,267 91.00-95.00 92.41 LIVE DELIVERED 2,818 63.0 1,125-1,425 1,280 91.50-95.25 93.40 DRESSED DELIVERED 10,487 63.0 672-889 808 147.00-150.00 148.21 DRESSED FOB 75 65.0 951-951 951 146.00-146.00 146.00 NORTH CENTRAL/EASTERN MOUNTAIN: WY/MT/SD/ND ALL BEEF TYPE STEERS AND HEIFERS LIVE FOB 2,689 63.0 1,100-1,385 1,253 90.00-94.00 92.81 LIVE DELIVERED 220 63.0 1,200-1,400 1,253 92.00-92.00 92.00 DRESSED DELIVERED 5,116 62.0 698-869 791 147.00-150.00 147.82 DRESSED FOB - - WESTERN STATES: AZ/CA/NV/UT/WA/OR/ID ALL BEEF TYPE STEERS AND HEIFERS LIVE FOB - - LIVE DELIVERED - - DRESSED DELIVERED 2,240 62.0 700-800 757 146.00-156.00 151.20 DRESSED FOB - - EASTERN CORNBELT: WI/IL/MI/IN/KY ALL BEEF TYPE STEERS AND HEIFERS LIVE FOB 1,857 63.0 1,075-1,375 1,256 88.00-95.00 92.89 LIVE DELIVERED 653 63.0 1,125-1,350 1,211 91.00-93.50 92.75 DRESSED DELIVERED 1,212 63.0 617-870 769 146.00-150.00 148.42 DRESSED FOB 80 65.0 838-838 838 149.00-149.00 149.00 NORTH EASTERN STATES: OH/PA/NY/WV/VA/CT/DE/ME/MA/MD/NH/NJ/RI/VT ALL BEEF TYPE STEERS AND HEIFERS LIVE FOB 695 64.0 1,150-1,375 1,254 91.50-95.00 93.90 LIVE DELIVERED - - DRESSED DELIVERED - - DRESSED FOB - - FOB prices based on net weights FOB the feedyard after a 3-4% shrink. Delivered prices based on hot carcass weights delivered to the plant. Sources: USDA Market News Service, St. Joseph, MO 816-238-0678 email: stjoe.lgmn@usda.gov http://www.ams.usda.gov/LSMarketNews 1000C .