Madison, WDATCP Fed-State Farm Market News Daily Summary September 04, 2008. MIDWEST CATTLE Direct Trade: In the direct slaughter cattle trade in the Five Major Marketing Areas, Texas/Oklahoma; Kansas; Nebraska; Colorado; Iowa/Minnesota: Trading light in Iowa/Minnesota and Nebraska with light to moderate demand. Compared to last week early dressed sales trending 1.00 lower. A few early live sales in Iowa/Minnesota traded steady. Steers: Live basis; (all Grades: 1,909 head) 95.00-97.50, weighted average price 96.77. Dressed basis; (all Grades: 7,644 head) 153.00-156.00, weighted average price 154.43. Heifers: live basis; (all Grades: 1,255 head) 96.00-97.50, weighted average price 97.44. Dressed Basis; (all Grades: 2,062 head) 153.00-155.00, weighted average price 154.50. Auction markets: Tama Slaughter Cattle Auction - Tama, IA on Wednesday Receipts: 1169 Last Week: 1197 Year Ago: 1049 Compared to last week: Choice steers and heifers steady to $.50 lower. Slaughter Steers Choice 2-4: 1200-1555 lbs 96.00-101.00. Select and Choice 2-3: 1102-1290 lbs 95.00-99.25. Slaughter Heifers Choice 2-4: 1150-1365 lbs 97.00-99.50. Select and Choice 2-3: 1025-1300 lbs 96.00-98.75. Sioux Falls Slaughter Cattle - Close on Wednesday Compared to last week: Slaughter steers and heifers closed steady to weak. Steers: Choice 2-3 1315-1440 lbs 94.50-96.00. Choice and Prime 3-4 1455-1465 92.50-93.50, 1575-1610 lbs 92.25-93.50. Select and Choice 2-3 1285-1305 lbs 94.10-95.25. Heifers: Choice 2-3 1140-1325 lbs 94.50-96.10. Select and Choice 2-3 1180-1320 lbs 94.50-95.00. CATTLE Slaughter under Federal Inspection Thursday (est) 128,000 Week ago (est) 127,000 Year ago (act) 128,000 Week to date (est) 387,000 Same Period Last Week (est) 509,000 Same Period Last Year (act) 390,000 Based on negotiated prices and volume of boxed beef cuts delivered within 0-21 days and on average industry cutting yields. Values reflect U.S. dollars per 100 pounds. Boxed beef cutout values were lower on Choice and teady on Select with fairly good demand and moderate to heavy offerings. Select and choice chuck and rounds generally steady. Select rib and loin generally steady while choice was lower. Beef trimmings were weak on good demand and heavy offerings. Choice 2-3 600-900 lb., $158.41 cwt dn $1.15 Select 1-3 600-900 lb., $152.00 cwt up $0.13 Carcass price equivalent index value: Choice 2-3 600-900 lb., $147.66 cwt dn $0.57 Select 1-3 600-900 lb., $140.77 cwt up $0.07 Hide and offal from a typical slaughter steer was estimated at $11.75/cwt. Fresh boneless processing beef 90% lean, $173.00-178.00 /cwt Central U.S. Cutter cow carcass cutout value $139.51 /cwt up $0.15 East Coast Carlot Veal, (from north central suppliers) hot carcass basis: Choice and Prime Special Fed(hide-off), Includes previously committed contract and open market calves. NON-PACKER OWNED Range Wtd. Ave. Hide-Off, 255-315 Lbs. Hot Basis 240.00 - 285.00 277.55 **PACKER OWNED** Hide-Off, 255-315 Lbs. Hot Basis 250.00 - 285.00 277.98 COMPOSITE Hide-Off, 255-315 Lbs. Hot Basis 240.00 - 285.00 277.69 CENTRAL US CARLOT PORK: Compared to Wednesday's Close: Fresh 1/4" trim loins 2.00-3.00 lower; boston butts mostly 2.00 lower; sknd hams 20-23 lbs 4.00-6.00 lower, 23-27 lbs mostly 8.00-9.00 lower; sdls bellies 14-16 lbs and lean trimmings steady. Trading moderate, with light demand and moderate to heavy offerings. The cutout value of a 53-54% lean 200 lb. hog carcass $ 77.20/cwt dn $0.72 MIDWEST HOGS Direct trade: Dressed Basis: 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 .48 higher with prices ranging from 64.00-74.00, weighted average price 70.80. Iowa-Minnesota .80 higher at 64.00-74.00, weighted average price 71.92. Western Cornbelt .71 higher at 64.00-74.00, weighted average price 71.80. Eastern Cornbelt .54 higher at 64.00-73.49, weighted average price 69.22. Live Basis (240-280 lbs): National direct barrows and gilt 2.09 higher at 46.00-60.70, weighted average 55.06. Iowa-Minnesota 2.62 higher at 47.00-60.00, weighted average 55.38. Western Cornbelt 2.90 higher at 47.00-60.70, weighted average 55.32. Eastern Cornbelt .26 lower at 46.00-57.77, weighted average 53.60. HOG Slaughter under Federal Inspection Thursday (est) 433,000 Week ago (est) 431,000 Year ago (act) 416,000 Week to date (est) 1,291,000 Same Period Last Week (est) 1,726,000 Same Period Last Year (act) 1,254,000 WISCONSIN SLAUGHTER CATTLE SUMMARY: At Wisc. Livestock Auctions as of 3:00 pm on Thursday, Vealers were steady to firm, 90-110 lbs $20.00 - 35.00; 70- 90 lbs $10.00 - 25.00. Replacement Holstein Bull Calves were steady to weak, 100-120 lbs. $ 60.00- 90.00. Replacement Holstein heifer calves were mostly steady, 90-110 lbs $400.00-550.00. Slaughter Cows were steady, Slaughter cows: Percent lean Weight Bulk Premium White 65-75 percent over 1400 lbs. 60.00-64.00 Breakers 75-80 percent over 1250 lbs. 55.00-60.50 Boners 80-85 percent over 1100 lbs. 52.00-58.00 Lean 85-90 percent over 1000 lbs. 48.00-53.00 Low Dressing 42.00-48.00 Holstein Slaughter Steers: Choice and Prime, $ 90.50-94.00 Choice, $ 86.00-91.00 Mixed Select and Choice, $ 83.50-86.00 Slaughter Steers: Choice, $ 95.00-97.00 Slaughter Heifers: Choice, $ 94.50-96.50 INTERNET LAMB AUCTION Internet Lamb Auction Report from Baraboo, WI Sale on Thursday, September 04, 2008 West Side, WI Supply: 250 head Slaughter Lambs: mixed Shorn and Wooled Choice and Prime 2-4, average weight 125 lbs, 94.00 cwt, with a 5.00/cwt discount on old crop unshorn, 5.00/cwt discount on short fleece and weighed with a 3 percent shrink or equivalent. Delivery is set for Tuesday, Sep 09, 2008. Motly, MN Supply: 140 head Slaughter Lambs: Wooled Choice and Prime 2-4, average weight 150 lbs, 95.75 cwt and weighed with a 3 percent shrink on the ground. Delivery is set between Friday, Sep 5-Sat Sep 13. Monmouth, IL Supply: 350 head Slaughter Lambs: mixed Shorn and Wooled Choice and Prime 2-4, average weight 145 lbs, 96.25 cwt, with a 5.00/cwt discount on old crop unshorn, 5.00/cwt discount on short fleece and weighed with a 3 percent shrink or equivalent. Delivery is set between Friday, Sep 05-Sunday Sep 14. MIDWEST SLAUGHTER SHEEP REPORT Auction Markets: Centennial Livestock Auction, Ft. Collins, CO - on Wednesday Receipts: 822 Last Week: 1510 Year Ago: 896 Compared to last week: Slaughter lambs sold 5.00 to 8.00 higher; lambs weighing under 90 lbs mostly steady to 3.00 higher. Slaughter Lambs: Shorn Choice 2-3 110-115 lbs 104.50-107.00. Wooled & Shorn and Shorn Choice 2-3 60-68 lbs 99.00-106.00; 80-90 lbs 100.50-103.00; 90-110 lbs 97.00-105.00; lot 94 114 lbs 97.00. Good and Choice 1-2 65-80 lbs 97.00-99.00; 80-90 lbs 97.00-99.00; 90-110 lbs 97.00-100.00. Good 1-2 50-60 lbs 83.00-84.00; lot 83 lbs 81.00. SHEEP Slaughter under Federal Inspection Thursday (est) 10,000 Week ago (est) 10,000 Year ago (act) 11,000 Week to date (est) 30,000 Same Period Last Week (est) 36,000 Same Period Last Year (act) 31,000 MIDWEST GOAT MARKET REPORT Auction Markets: Centennial Livestock Auction, Ft. Collins, CO - on Wednesday Goat Receipts: 444 Last Week: 548 Year Ago: 299 Compared to last week: Slaughter kids sold mostly steady. Slaughter/Feeder Kids: Selection 1 48 lb 47.00; 60-65 lbs 66.00-68.00; 70-80 lbs 78.00-79.00; 80-85 lbs 82.00-83.00; 90-95 lbs 90.00-96.00. Selection 2 35-40 lbs 35.00-37.00; 40-50 lbs 33.00-39.00; 55-60 lbs 44.00-52.00; 60-70 lbs 52.00-60.00; lot 70 lb 71.00. Selection 3 30-35 lbs 10.00-25.00; 40-50 lbs 15.00-30.00; 50-55 lbs 27.50-38.00. NATIONAL GRAIN MARKET SUMMARY Grain bids were higher with soybeans posting double digit losses. Wheat continues to find support from good export demand. Soybeans were pressured by rain in parts of the soybean belt. Wheat was mostly steady to 2 cents higher. Corn was 2-8 cents higher. Sorghum was 4 cents higher. Soybeans were mostly 11-17 cents lower. DAIRY MARKET REPORT In dairy market news from the Chicago Mercantile Exchange: Cash market close Grade AA Butter $1.6900 up 0.0350 Cheddar Barrels $1.6800 up 0.0250 Blocks $1.7300 up 0.0450 Milk Futures from CME (Class III): Sep $16.09, Oct $16.60, Nov $16.56, Class IV Milk Futures from CME: Sep $16.25, Oct $16.15, Nov $15.50, The WDATCP-USDA Market News service provides agricultural market information through a recorded information system accessed by touch tone phone (608/250-3208), on the World Wide Web at http://www.ams.usda.gov/marketnews.htm and historical information at http://marketnews.wi.gov/market_news.html. For further information on these features, please contact the Wisconsin Department of Agriculture, Trade and Consumer Protection, P.O. Box 8911, Madison, WI 53708-8911 608/516/3700