WA_LS700      
Washington DC         Fri     Nov 20, 2009            USDA Market News

MORNING LIVESTOCK SUMMARY

Estimated Daily Livestock Slaughter under Federal Inspection
                                CATTLE    CALVES      HOGS      SHEEP
Thursday 11/19/2009      (est)   120,000     4,000     435,000    10,000
Week ago (est)                   124,000     4,000     429,000    10,000
Year ago (act)                   127,000     4,000     438,000    10,000
Week to date (est)               489,000    15,000   1,732,000    39,000
Same Period Last Week (est)      477,000    15,000   1,692,000    41,000
Same Period Last Year (act)      491,000    17,000   1,744,000    37,000
Previous Day Estimated        Steer and Heifer    Cow and Bull
             Wednesday            94,000                27,000

**Revised Wednesday Hog Slaughter..438,000  New Week-to-Date..1,297,000**

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  
Nov   -----    ----          -----   ----          -----    ----
Dec   83.85    +175          -----   ----          56.30    +325   
Jan   -----    ----          91.92   +100          -----    ---- 
Feb   85.35    - 25          -----   ----          63.47    +200   
Mar   -----    ----          92.80   - 50          -----    ----
Apr   87.87    Unch          94.00   Unch          67.42    + 75

Livestock Average Prices                                TRENDS          YEAR AGO
                                                            DAY    WEEK
Steers Choice 2-4 1100-1300 lbs (Texas)            84.00   -0.93   -4.00   87.93
Cows Breakers 1-3 (Joplin, MO)                     42.00   UNCH     2.25   44.75
Barrows & Gilts, 51-52% lean plant del. carcass    50.68    0.09   -1.98   50.24
Feeder Steer Med 1 650-700 lbs (Okla. City)        94.59   UNCH    -3.22   98.08
Sltr Lambs Ch 2-4 Wooled 110-130 lbs (S. Falls)    95.50   UNCH     0.75   96.22

Carcass Equivalent Index Value
Steer and Heifer Beef
Choice 1-3  600-900 lbs                           126.21   -0.93   -1.45  144.09
Select 1-3  600-900 lbs                           119.47   -0.39   -2.30  133.76

Beef Cutout Value
Choice   600-900 lbs                              139.61   -1.14    0.30  157.79
Select   600-900 lbs                              132.07   -0.05   -1.30  146.15
Cutter Cows                                       100.32    0.60   -1.57  106.23

Cutout Based on 200 lb Pork Carcass
53-54% Lean,.65"-.80" Backfat Last Rib             56.94    0.15   -0.18   56.67
US No. 2 Yellow Corn (Omaha)                        3.61   -0.04   UNCH     3.65

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



0725e     jab