WA_LS700      
Washington DC         Fri     Jul 2, 2010            USDA Market News

MORNING LIVESTOCK SUMMARY


***EFFECTIVE FRIDAY, JULY 2, THIS REPORT WILL NO LONGER BE GENERATED & DISSEMINATED. 
INFORMATION IN THIS REPORT CAN BE FOUND AT LINKS BELOW.***

Estimated Daily Livestock Slaughter under Federal Inspection
                                CATTLE    CALVES      HOGS      SHEEP
Thursday 07/01/2010      (est)   129,000     3,000     404,000    10,000
Week ago (est)                   128,000     2,000     394,000    10,000
Year ago (act)                   126,000     3,000     411,000     8,000
Week to date (est)               516,000    12,000   1,603,000    36,000
Same Period Last Week (est)      515,000    11,000   1,559,000    36,000
Same Period Last Year (act)      511,000    14,000   1,657,000    35,000
Previous Day Estimated        Steer and Heifer    Cow and Bull
             Wednesday           105,000                24,000

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   -----    ----          -----     ----         79.00     -300 
Aug   90.15    +200         112.90     +300         81.87     - 25 
Sep   -----    ----         113.10     +450         -----     ----
Oct   91.40    +100         112.85     + 75         75.60     -250
Nov   -----    ----         112.50     +100         -----     ----
Dec   83.27    + 75          -----     ----         72.40     -200

Livestock Average Prices                                TRENDS          YEAR AGO
                                                            DAY    WEEK
Steers Choice 2-4 1100-1300 lbs (Texas)            91.00   UNCH    -0.01   81.96
Cows Breakers 1-3 (Joplin, MO)                     60.25    1.25    1.25   57.63
Barrows & Gilts, 51-52% lean plant del. carcass    75.09   -2.48   -2.42   57.95
Feeder Steer Med 1 650-700 lbs (Okla. City)       119.11   UNCH     1.22  104.01
Sltr Lambs Ch 2-4 Wooled 110-130 lbs (San Angelo  101.00   UNCH    -1.50   95.54

Carcass Equivalent Index Value
Steer and Heifer Beef
Choice 1-3  600-900 lbs                           140.14   -0.07    0.27  126.48
Select 1-3  600-900 lbs                           131.62    0.05   -0.23  119.90

Beef Cutout Value
Choice   600-900 lbs                              155.62    0.06    1.14  138.19
Select   600-900 lbs                              146.96    0.29    0.23  132.48
Cutter Cows                                       128.98    0.35    0.53  111.59

Cutout Based on 200 lb Pork Carcass
53-54% Lean,.65"-.80" Backfat Last Rib             82.32    0.52   -1.94   53.77
US No. 2 Yellow Corn (Omaha)                        3.50    0.11    0.21    3.32

***LINKS***
Daily Cattle & Beef Summary: www.ams.usda.gov/mnreports/lsddcbs.pdf
Daily Hogs & Pig Summary: www.ams.usda.gov/mnreports/lsddhps.pdf
Estimated Daily Slaughter: www.ams.usa.gov/mnreports/sj_ls710.txt
Daily Lamb Summary: www.ams.usda.gov/mnreports/lsddl.pdf


Source:   USDA Market News, Washington, D.C.
          Livestock and Grain Market News (202) 720-8054
          www.ams.usda.gov/LSMarketNews



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