Daily Midwest Livestock Summary

AMARILLO - May 11/04 - SNS -- Market conditions for cattle, hogs and lambs in the major markets in the U.S. midwest are summarized in the latest daily report from the USDA.

Daily Livestock Summary

                             CATTLE

In the direct slaughter cattle trade in the Five Major Marketing Areas,
Texas/Oklahoma; Kansas; Nebraska; Colorado; Iowa/Minnesota; on Tuesday, not
enough confirmed sales for a market trend comparison.  Steers: Live basis; (all
Grades: 1,150 head) 89.50, weighted average 89.50. Dressed basis; (all Grades:
149 head) 140.00, weighted average 140.00.  Heifers: live basis; (all
Grades: 141 head) 90.00, weighted average 90.00. Dressed Basis; (all Grades:
No sales).

Terminal markets: So. St Paul slaughter steers and heifers sold steady-1.00
higher.  Steers: Choice 2-3 1230-1590 lbs 90.00-94.00.  Heifers: few Choice 2-3
1235-1257 lbs 92.00-93.00.

               CATTLE Slaughter under Federal Inspection
                  Tuesday  (est)                   131,000
                  Week ago (est)                   130,000
                  Year ago (act)                   135,000
                  Week to date (est)               261,000
                  Same Period Last Week (est)      254,000
                  Same Period Last Year (act)      268,000

               CME Futures Closes for Live Cattle:
Month        Close        Change            Month      Close       Change
May          87.90        -  .10            Oct        84.32       -  .40
Jun          83.85        -  .77            Dec        83.50       -  .02
Aug          85.82        -  .87            Jan                    +  . 0

   Slaughter cows at South St. Paul sold 1.00-2.00 higher.
Grade       Percent Lean      Price      High Dressing     Low Dressing
Premium White  70-75       60.00-64.50    64.50-66.75       55.00-59.50
Breakers       70-80       57.00-61.00                      54.00-57.75
Boners         80-85       53.00-57.00    57.00-59.00       50.00-53.00
Lean           85-90       50.00-53.50    53.50-55.50       45.00-50.00

Oklahoma City, OK      Tue   May 11, 2004
Oklahoma National Stockyards - Monday Cattle Auction - Close
Receipts: 11,100    Last Monday: 10,596    Year Ago Monday:  14,734
 Compared to last week:  Feeder steers 1.00-3.00 higher.  Feeder heifers
2.00-3.00 higher.  Stocker cattle 3.00-6.00 higher.  Light weight calves
steady.  Demand very good for all classes.
 Feeder Steers:  Medium and Large 1  425-500 lbs mostly new crops
123.50-135.50; 525-600 lbs new crops 111.00-125.50, few yearlings 117.00-
131.50; 600-650 lbs 114.50-121.75, fleshy new crops 99.50-118.25; 650-
700 lbs 107.50-117.00, few fleshy new crops 101.00-107.50; 700-750 lbs
103.75-113.50; 750-800 lbs 103.00-107.50; 800-850 lbs 100.00-103.75;
850-900 lbs 97.25-100.75; 900-1000 lbs 94.00-97.00; 1030 lbs 93.75.
  Feeder Heifers:  Medium and Large 1  few 350-400 lbs fleshy 122.00-
130.00; few 435-500 lbs 102.50-125.50, few yearlings 117.50-122.50; 500-
550 lbs fleshy 109.50-117.50; 550-600 lbs fleshy 103.00-115.00, yearlings
110.00-116.00; 600-650 lbs 108.50-115.00; 650-700 lbs 100.00-106.00;
700-750 lbs 98.50-105.25; 750-800 lbs 94.50-100.50; 800-875 lbs 92.00-
98.75; 965 lbs 88.50; few 775 lb replacements 102.50-103.50.

                   CME Future Closes for Feeder Cattle
Month       Close       Change            Month       Close        Change
May        103.40       -  .12            Oct         98.35        +  .05
Aug        100.10       +  . 0            Nov         97.50        -  .25
Sep         98.80       +  . 0            Jan         94.50        -  .10

                                 HOGS

The direct trade prices are based on 185 lbs hog carcass with 0.9-1.1 inch back
fat and 6 inch square loin/2.0 inch depth plant delivered. National direct
trade barrows and gilts were 1.53 higher with prices ranging from 71.50-85.01,
weighted average price 79.49.  Iowa-Minnesota was 1.78 higher at 71.50-83.00,
weighted average price 80.26. Western Cornbelt sold 1.52 higher at 71.50-83.00,
weighted average price 79.92 and the Eastern Cornbelt was 1.97 higher at 73.03-
85.01, weighted average price 78.39.

At South St Paul and Sioux Falls barrows and gilts sold 1.25-2.50 higher with
47-50 percent lean 220-270 lbs selling from 58.00-60.00.

               HOG Slaughter under Federal Inspection
                  Tuesday                             367,000
                  Week ago (est)                      368,000
                  Year ago (act)                      359,000
                  Week to date (est)                  725,000
                  Same Period Last Week (est)         731,000
                  Same Period Last Year (act)         725,000

               CME Futures Closes for Lean Hogs:
Month       Close       Change          Month       Close       Change
May         81.37       + 2.00          Aug          74.37      + 1.37
Jun         76.50       + 2.00          Oct          62.22      +  .62
Jul         77.05       + 1.17          Dec          58.15      +  .77

                                 SHEEP

  Slaughter lambs were steady-2.00 higher on Tuesday at So St Paul. Shorn:
Choice, end Prime 120-140 lbs 95.00-100.00, few New Crop 110-130 lbs 102.00-
104.00.  Wooled: Choice, end Prime 120-140 lbs 90.00-95.00.

               SHEEP Slaughter under Federal Inspection
                  Tuesday                             10,000
                  Week ago (est)                       7,000
                  Year ago (act)                      10,000
                  Week to date (est)                  16,000
                  Same Period Last Week (est)         17,000
                  Same Period Last Year (act)         17,000

Source: USDA-TX Dept of Ag Market News, Amarillo, TX

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STAT News Service

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