Weekly Livestock Market Review - May 16, 2008

The next weekly will be published on Friday, May 23, 2008
This information is collected by the Statistics and Data Development Unit

CAN/US $ May16 100.32 May09  99.39 May18/07  91.88
BANK RATE % May13  3.25 May06  3.25 May15/07  4.50

CATTLE SLAUGHTER
WEEK END  May10/08(prel)  May03/08(prel)  May12/07
CANADA      67,713          63,199          66,833
EAST        14,663          14,328          15,974
WEST        53,050          48,871          50,859
ALBERTA     48,426          44,350          46,143
WEEK END  May17/08(est)   May10/08(est)   May19/07
US         719,000         705,000         701,300
CANADIAN CATTLE GRADES
WEEK END  May10/08        May03/08        May12/07
A           53,122          50,480          51,228
B              831             870           1,219
D            4,477           3,836           5,446
E              243             271             690
A GRADE MARBLING (%)
WEEK END  May10/08        May03/08        May12/07
A             2.7%            2.6%            4.9%
AA           47.0%           41.4%           46.5%
AAA          50.4%           56.1%           48.5%
CANADIAN CATTLE CLASSES
WEEK END  May10/08(prel)  May03/08(prel)  May12/07
STEERS      29,803          28,389          32,054
HEIFERS     24,816          23,829          21,114
COWS        12,718          10,573          12,630
BULLS          376             408           1,035
CALVES       5,422           5,001           5,291

CATTLE FUTURES - US $/CWT - CLOSE May16/2008
MTH   LIVE      CHG            MTH   FEEDER    CHG
JUN   93.88   -0.65            MAY  108.47   +1.13
AUG   99.10   -1.10            AUG  113.08   +3.15
OCT  105.55   -1.50            SEP  113.85   +2.30
DEC  106.00   -1.58            OCT  115.28   +2.80
FEB  107.63   -1.00            NOV  115.00   +2.30
APR  108.75   -1.30            JAN  112.50   +2.30
WEEK END        May16/08     May09/08     May18/07
US FSP - US$/CWT  106.73       105.42       108.67

CATTLE INDICATORS
BY PROD VAL     May09/08     May02/08     May11/07
  EAST-$/HEAD      79.41        79.41        97.69
  WEST-$/HEAD     105.50       105.50       101.00
  US-US$/CWT       10.64        10.76        10.14
CURRENTNESS     May10/08     May03/08     May12/07
  ALTA-A1%         68.9%        67.7%        67.2%
  CAN-A1%          68.0%        66.1%        68.0%
FD:STR RATIO    May09/08     May02/08     May11/07
  ALTA BARLEY       17.6         17.4         25.3
                May10/08     May03/08     May12/07
  US CORN           15.9         15.2         29.1

AVG CARCASS WT  May10/08     May03/08     May12/07
  ALTA STR-LBS     810.0        807.0        785.0
  CAN STR-LBS      822.0        827.0        802.0
  US CATTLE-LBS    766.0        768.0        749.0

LATEST CATTLE PRICES - $/CWT
WEEK END  May16/08        May09/08        May18/07
            ALBERTA RAILGRADE SALES
STR-LOW     148.50          151.00          166.70
STR-HIGH    153.00          152.85          171.25
HFR-LOW     148.50          151.00          168.00
HFR-HIGH    152.85          152.85          171.25
            ALBERTA DIRECT SALES
STR-RANGE  87.40-92.35    88.50-93.50    99.20-103.00
AVERAGE        N/A           91.45          101.39
VOLUME         N/A          14,921          10,597
HFR-RANGE  90.80-90.80    89.60-92.00    99.65-101.65
AVERAGE        N/A           90.94          101.43
VOLUME         N/A           5,093           3,064

OPEN MARKET - $/CWT
          May16/08        May09/08        May18/07
          STEERS - A1,2 AND CHOICE 2-4
ONTARIO      N/A-N/A      83.20-87.90   106.25-115.75
NEBRASKA*    N/A-N/A      90.25-94.00    95.00-97.00
          HEIFERS - A1,2 AND CHOICE 2-4
ONTARIO      N/A-N/A      80.85-88.75   103.50-114.00
NEBRASKA*    N/A-N/A      92.50-94.00    96.00-98.00
          COWS - D1,2
CLYDE      37.00-48.00    37.00-46.00    40.00-52.50
SIOUX F*     62.75           63.50           62.75

          800-900 LB FEEDER STEERS
CLYDE      88.00-99.00    88.00-96.00   105.00-115.75
PONOKA     93.00-96.00    85.00-94.00   105.00-111.00
STRATHMOR    N/A-N/A      80.00-94.00   100.25-107.50
ONTARIO      N/A-N/A      84.00-95.00   107.00-117.00
          700-800 LB FEEDER STEERS
CLYDE      92.00-104.50   92.00-100.00  110.00-119.50
PONOKA     95.00-105.00   90.00-95.75   113.00-122.00
STRATHMOR    N/A-N/A      86.00-103.00     N/A-110.50
C.NEBRAS*    N/A-N/A     107.25-116.00  104.75-119.00
          600-700 LB FEEDER STEERS
CLYDE      98.00-108.75   98.00-108.00  120.00-131.50
PONOKA    104.00-111.25  100.00-108.00  125.00-133.00
STRATHMOR    N/A-N/A      90.00-111.00   84.00-116.25
          500-600 LB FEEDER STEERS
CLYDE     105.00-115.50  105.00-111.50  125.00-135.25
PONOKA    105.00-116.50  100.00-110.00  129.00-134.00
STRATHMOR    N/A-N/A      90.00-113.00     N/A-124.00
ONTARIO      N/A-N/A      89.00-113.00  112.00-138.00
          700-800 LB FEEDER HEIFERS
CLYDE      84.00-93.00    82.00-89.75    98.00-110.50
PONOKA     88.00-93.00    80.00-87.50   103.00-107.50
STRATHMOR    N/A-N/A      70.00-95.00      N/A-104.25
          500-600 LB FEEDER HEIFERS
CLYDE      93.00-100.00   93.00-103.25  110.00-122.00
PONOKA     92.00-98.00    90.00-96.00   110.00-118.50
STRATHMOR    N/A-N/A      75.00-96.00      N/A-119.50


NOTE: * denotes price in US Dollars

PRELIM LIVE ANIMAL TRADE - WEEK ENDING May09/2008
CATTLE       FROM US     TO US     TO US     TO US
                SLTR      SLTR       FDR      HOGS
CANADA             0    14,070    14,618    37,813
EAST               0     3,808         0    12,297
WEST               0    10,262    14,618    25,516

BEEF WHOLESALE PRICES - $/CWT
WEEK ENDING     May16/08     May09/08     May18/07
CALGARY-STRS     153-155      151-153      172-174
CDA CUTOUT AAA       N/A          N/A       187.91
CDA CUTOUT AA/A      N/A          N/A       183.28

US BOXED BEEF CUTOUT - US $/CWT
WEEK END        May16/08     May09/08     May18/07
CHOICE 6-900      156.66       155.33       166.27
SELECT 6-900      152.09       152.26       153.29

HOG SLAUGHTER
WEEK END  May10/08(prel)  May03/08(prel)  May12/07
CANADA     403,599         409,727         410,383
EAST       248,678         250,942         245,294
WEST       154,921         158,785         165,089
ALBERTA     53,428          56,326          60,844
WEEK END  May17/08(est)   May10/08(est)   May19/07
US       2,065,000       2,089,000       1,957,600

HOG CASH PRICES - INDEX 100 - $/KG
WEEK END  May15/08        May08/08        May17/07
ALTA AVG     1.365           1.295           1.372
ONT AVG        N/A             N/A           1.460
INTERIOR IOWA MINNESOTA HOG CASH PRICES
WEEK END        May16/08     May09/08     May18/07
US $/CWT           80.44        79.00        73.95
CAN EQVT $/KG      2.067        2.049        2.075
US PORK CARCASS CUTOUT
US $/CWT           81.89        77.73        77.83
HOG FUTURES - US$/CWT       CAN/US$ CLOSE May16/2008
MTH   LEAN      CHG            MTH   FUTURES   CHG
JUN   76.35   -0.53            JUN   .9991 +0.0059
JUL   76.25   -0.70            SEP   .9986 +0.0059
AUG   77.03   -2.07            DEC   .9988 +0.0064
OCT   73.10   -2.85            MAR   .9992 +0.0069
DEC   73.85   -4.05            JUN   .9995 +0.0074
FEB   79.25   -3.70            SEP   .9998 +0.0079
HOG INDICATORS
WEEK END            May10/08   May03/08   May12/07
  AV DRSD WT US-LBS    202.0      203.0      203.0
FD:HOG RATIO        May09/08May02/08May11/07
  US CORN               13.2       12.1       21.4
                    May09/08   May02/08   May11/07
  ALTA BARLEY            9.1        8.6       12.5

SHEEP AND LAMB PRICES - Most Recent Sale to May15/2008
             MARKET LAMBS - FEEDER LAMBS     SHEEP
             (95-115 LBS)   (61-80 LBS)   (ALL WTS.)
ONTARIO         N/A-    N/A    N/A-    N/A    N/A
TEXAS (US$)        N/A        115.50      41.00$/CWT
CENTRAL ALTA 118.08-136.32
(INNISFAIL)