WA_LS700     
Washington, DC        Thu      Jul 9, 2009            USDA Market News

MORNING LIVESTOCK SUMMARY

Estimated Daily Livestock Slaughter under Federal Inspection
                                CATTLE    CALVES      HOGS      SHEEP
Wednesday 07/08/2009     (est)   127,000     3,000     393,000     8,000
Week ago (est)                   127,000     3,000     417,000     9,000
Year ago (act)                   127,000     4,000     420,000    10,000
Week to date (est)               369,000    10,000   1,169,000    24,000
Same Period Last Week (est)      387,000    10,000   1,242,000    27,000
Same Period Last Year (act)      378,000    12,000   1,255,000    25,000
Previous Day Estimated        Steer and Heifer    Cow and Bull
                 Tuesday          97,000                24,000

**Revised Tuesday Sheep Slaughter..9,000  New Week-to-Date..16,000**

Chicago Mercantile Exchange Future Prices            
     Choice Sltr Steers       Feeder Steers       Live Hog/Lean Value
      Set'l    Ch Fr         Set'l     Ch Fr         Set'l     Ch Fr   
      Price    Pr Day        Price     Pr Day        Price     Pr Day  
Jul   -----     ----          -----     ----         59.42      +500
Aug   83.22     -125         101.72     + 75         61.45      +425
Sep   -----     ----         101.45     -400         -----      ----
Oct   88.22     -100         101.82     -125         57.25      +500
Nov   -----     ----         101.75     - 75         -----      ----
Dec   88.22     -150          -----     ----         57.50      +500

Livestock Average Prices                                TRENDS          YEAR AGO
                                                            DAY    WEEK
Steers Choice 2-4 1100-1300 lbs (Texas)            83.44   UNCH     6.00  101.96
Cows Breakers 1-3 (Joplin, MO)                     52.00   -5.63   -5.63   64.75
Barrows & Gilts, 51-52% lean plant del. Carcass    57.10   -0.50   -0.80   71.83
Feeder Steer Med 1 650-700 lbs (Okla. City)       105.18   UNCH     2.76  113.63
Sltr Lambs Ch 2-4 Wooled 110-130 lbs (S. Falls)   103.34   UNCH    -3.18  111.04

Carcass Equivalent Index Value
Steer and Heifer Beef
Choice 1-3  600-900 lbs                           127.49    0.24    1.01  157.03
Select 1-3  600-900 lbs                           120.99    0.06    1.09  150.14

Beef Cutout Value
Choice   600-900 lbs                              138.45    0.45    0.26  173.71
Select   600-900 lbs                              132.63    0.10    0.15  166.79
Cutter Cows                                       112.51    1.02    0.92  142.08

Cutout Based on 200 lb Pork Carcass
53-54% Lean,.65"-.80" Backfat Last Rib             55.55    1.31    1.78   80.82
US No. 2 Yellow Corn (Omaha)                        3.00   -0.01   -0.32    6.39

Source:  USDA Market News, Washington, DC
         202-720-8054   
         www.ams.usda.gov/LSMarketNews



0725e    jab