WA_LS700      
Washington DC           Fri    Apr 22, 2005          USDA Market News

MORNING LIVESTOCK SUMMARY
Estimated Daily Livestock Slaughter under Federal Inspection

                                CATTLE    CALVES      HOGS      SHEEP
Thursday 04/21/2005      (est)   119,000     2,000     387,000    10,000
Week ago (est)                   115,000     2,000     395,000    10,000
Year ago (act)                   127,000     3,000     386,000    11,000
Week to date (est)               475,000    11,000   1,550,000    40,000
Same Period Last Week (est)      462,000    11,000   1,568,000    37,000
Same Period Last Year (act)      496,000    12,000   1,546,000    39,000
Previous Day Estimated        Steer and Heifer    Cow and Bull
             Wednesday            97,000                21,000

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  
Apr   91.40     +300     110.38    -575         -----     ----
May   85.20     Unch     106.60    -475         75.28     -275
Jun   85.45     - 75      -----    ----         77.48     -900
Jul   -----     ----      -----    ----         77.98     -625
Aug   84.78     + 75     107.73    -500         75.75     -500
Sep   -----     ----     106.90    -200         -----     ----

Steers Choice 2-4 1100-1300 lbs (Texas)          91.87     UNCH   2.06   84.50
Cows Utility 1-3 (So. St. Paul)                  61.75    0.25    0.75   54.75
Barrows & Gilts, 51-2% lean plant del. carcass   69.91   -0.15    0.06   66.03
Feeder Steer Med 1 650-700 lbs (Okla. City)     123.46     UNCH   4.08  105.15
Sltr Lambs Ch 2-4 Wooled 110-130 lbs (S. Falls) 106.25     UNCH   0.25   91.00
 
Carcass Equivalent Index Value
Steer and Heifer Beef
Choice 1-3  600-900 lbs                         146.49    0.36    3.33  143.30
Select 1-3  600-900 lbs                         131.40    0.37    1.86  125.12
 
Beef Cutout Value
Choice   600-900 lbs                            158.46    0.15    3.13  157.88
Select   600-900 lbs                            142.07    0.17    3.39  139.01
Cutter Cows                                     112.53   -1.06   -1.24  111.45
 
Cutout Based on 185 lbs Pork Carcass
51-52% Lean,.80"-.99" Backfat Last Rib           67.81    0.02    0.03   70.53
US No. 2 Yellow Corn (Omaha)                      1.88     UNCH   0.05    2.86

Source:   USDA Market News, Washington, D.C.
          Livestock and Grain Market News (202) 720-8054
          www.ams.usda.gov/mnreports/WA_LS700

0710e     jla





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