Weekly Livestock Market Review - May 23, 2008

The next weekly will be published on Friday, May 30, 2008
This information is collected by the Statistics and Data Development Unit

CAN/US $ May23 101.18 May16 100.32 May25/07  92.63
BANK RATE % May20  3.25 May13  3.25 May22/07  4.50

CATTLE SLAUGHTER
WEEK END  May17/08(prel)  May10/08(prel)  May19/07
CANADA      62,105          67,713          63,108
EAST        13,698          14,663          16,448
WEST        48,407          53,050          46,660
ALBERTA     43,781          48,426          41,936
WEEK END  May24/08(est)   May17/08(est)   May26/07
US         722,000         719,000         701,300
CANADIAN CATTLE GRADES
WEEK END  May17/08        May10/08        May19/07
A           48,420          53,122          49,111
B              690             831           1,072
D            4,385           4,477           4,442
E              284             243             612
A GRADE MARBLING (%)
WEEK END  May17/08        May10/08        May19/07
A             3.1%            2.7%            5.0%
AA           50.2%           47.0%           48.3%
AAA          46.7%           50.4%           46.6%
CANADIAN CATTLE CLASSES
WEEK END  May17/08(prel)  May10/08(prel)  May19/07
STEERS      32,457          29,803          34,502
HEIFERS     17,298          24,816          16,219
COWS        11,961          12,718          11,361
BULLS          389             376           1,026
CALVES       5,333           5,422           4,063

CATTLE FUTURES - US $/CWT - CLOSE May23/2008
MTH   LIVE      CHG            MTH   FEEDER    CHG
JUN   96.17   +2.30            AUG  115.22   +2.15
AUG  101.30   +2.20            SEP  115.95   +2.10
OCT  107.72   +2.17            OCT  116.90   +1.63
DEC  108.70   +2.70            NOV  116.93   +1.92
FEB  109.75   +2.13            JAN  114.90   +2.40
APR  110.58   +1.83            MAR  112.20   +0.70
WEEK END        May23/08     May16/08     May25/07
US FSP - US$/CWT  107.80       106.73       107.90

CATTLE INDICATORS
BY PROD VAL     May16/08     May09/08     May18/07
  EAST-$/HEAD      79.41        79.41        97.69
  WEST-$/HEAD     108.50       105.50       100.50
  US-US$/CWT       10.65        10.64        10.28
CURRENTNESS     May17/08     May10/08     May19/07
  ALTA-A1%         68.6%        68.9%        70.4%
  CAN-A1%          67.8%        68.0%        69.8%
FD:STR RATIO    May16/08     May09/08     May18/07
  ALTA BARLEY       17.2         17.6         25.2
                May17/08     May10/08     May19/07
  US CORN           16.7         15.9         27.1

AVG CARCASS WT  May17/08     May10/08     May19/07
  ALTA STR-LBS     802.0        810.0        798.0
  CAN STR-LBS      819.0        822.0        812.0
  US CATTLE-LBS    763.0        766.0        747.0

LATEST CATTLE PRICES - $/CWT
WEEK END  May23/08        May16/08        May25/07
            ALBERTA RAILGRADE SALES
STR-LOW     148.00          148.50          160.50
STR-HIGH    151.85          153.00          165.00
HFR-LOW     148.00          148.50          160.50
HFR-HIGH    151.85          152.85          165.00
            ALBERTA DIRECT SALES
STR-RANGE  88.75-91.75    87.40-92.35    95.50-98.50
AVERAGE        N/A           91.51           97.83
VOLUME         N/A          15,420          16,283
HFR-RANGE  88.40-91.35    90.80-90.80    95.00-98.00
AVERAGE        N/A           90.80           97.47
VOLUME         N/A           5,416           7,700

OPEN MARKET - $/CWT
          May23/08        May16/08        May25/07
          STEERS - A1,2 AND CHOICE 2-4
ONTARIO      N/A-N/A      82.10-89.20   102.85-111.80
NEBRASKA*  93.50-94.00    93.00-93.50    93.50-95.50
          HEIFERS - A1,2 AND CHOICE 2-4
ONTARIO      N/A-N/A      82.00-89.25    95.05-110.80
NEBRASKA*  93.50-94.50    92.50-93.50    94.00-95.50
          COWS - D1,2
CLYDE      36.00-46.00    37.00-48.00    38.00-46.50
SIOUX F*     64.50           62.75           63.00

          800-900 LB FEEDER STEERS
CLYDE      94.00-101.25   88.00-99.00   105.00-114.50
PONOKA     94.00-97.00    93.00-96.00   104.00-108.50
STRATHMOR  80.00-98.00    80.00-94.00    95.50-100.00
ONTARIO      N/A-N/A      84.00-98.00   109.00-122.00
          700-800 LB FEEDER STEERS
CLYDE      92.00-109.50   92.00-104.50  110.00-119.50
PONOKA     94.00-109.00   95.00-105.00  105.00-120.00
STRATHMOR  86.00-103.00   86.00-103.00     N/A-114.75
C.NEBRAS*    N/A-N/A     107.00-114.50  109.50-114.75
          600-700 LB FEEDER STEERS
CLYDE     105.00-114.25   98.00-108.75  120.00-132.00
PONOKA     95.00-110.50  104.00-111.25  128.00-135.00
STRATHMOR  90.00-112.00   90.00-111.00   92.00-127.00
          500-600 LB FEEDER STEERS
CLYDE     108.00-116.00  105.00-115.50  125.00-136.75
PONOKA    108.00-122.00  105.00-116.50  134.00-144.00
STRATHMOR  90.00-110.00   90.00-113.00   73.50-138.75
ONTARIO      N/A-N/A      88.00-112.00  112.00-136.00
          700-800 LB FEEDER HEIFERS
CLYDE      87.00-94.00    84.00-93.00   100.00-113.25
PONOKA     84.00-90.50    88.00-93.00   103.00-107.50
STRATHMOR  70.00-92.00    70.00-95.00      N/A-100.75
          500-600 LB FEEDER HEIFERS
CLYDE      95.00-106.00   93.00-100.00  115.00-126.50
PONOKA     88.00-98.00    92.00-98.00   113.00-118.50
STRATHMOR  75.00-97.00    75.00-96.00      N/A-110.00


NOTE: * denotes price in US Dollars

PRELIM LIVE ANIMAL TRADE - WEEK ENDING May16/2008
CATTLE       FROM US     TO US     TO US     TO US
                SLTR      SLTR       FDR      HOGS
CANADA             0    14,489    13,949    36,638
EAST               0     4,981        69    12,388
WEST               0     9,508    13,880    24,250

BEEF WHOLESALE PRICES - $/CWT
WEEK ENDING     May23/08     May16/08     May25/07
CALGARY-STRS     153-155      153-155      171-172
CDA CUTOUT AAA       N/A          N/A       192.00
CDA CUTOUT AA/A      N/A          N/A       184.65

US BOXED BEEF CUTOUT - US $/CWT
WEEK END        May23/08     May16/08     May25/07
CHOICE 6-900      156.32       156.66       162.09
SELECT 6-900      152.58       152.09       150.11

HOG SLAUGHTER
WEEK END  May17/08(prel)  May10/08(prel)  May19/07
CANADA     403,302         403,599         401,477
EAST       249,573         248,678         246,532
WEST       153,729         154,921         154,945
ALBERTA     51,661          53,428          54,341
WEEK END  May24/08(est)   May17/08(est)   May26/07
US       2,094,000       2,065,000       1,988,600

HOG CASH PRICES - INDEX 100 - $/KG
WEEK END  May22/08        May15/08        May24/07
ALTA AVG     1.357           1.364           1.352
ONT AVG        N/A             N/A           1.463
INTERIOR IOWA MINNESOTA HOG CASH PRICES
WEEK END        May23/08     May16/08     May25/07
US $/CWT           78.00        80.44        75.10
CAN EQVT $/KG      1.987        2.067        2.090
US PORK CARCASS CUTOUT
US $/CWT           80.19        80.96        77.12
HOG FUTURES - US$/CWT       CAN/US$ CLOSE May23/2008
MTH   LEAN      CHG            MTH   FUTURES   CHG
JUN   77.85   +1.50            JUN  1.0116 +0.0125
JUL   77.15   +0.90            SEP  1.0107 +0.0121
AUG   78.30   +1.27            DEC  1.0103 +0.0115
OCT   74.00   +0.90            MAR  1.0102 +0.0110
DEC   75.25   +1.40            JUN  1.0101 +0.0106
FEB   80.40   +1.15            SEP  1.0100 +0.0102
HOG INDICATORS
WEEK END            May17/08   May10/08   May19/07
  AV DRSD WT US-LBS    202.0      202.0      203.0
FD:HOG RATIO        May16/08May09/08May18/07
  US CORN               14.6       13.2       20.6
                    May16/08   May09/08   May18/07
  ALTA BARLEY            9.3        9.1       12.4

SHEEP AND LAMB PRICES - Most Recent Sale to May22/2008
             MARKET LAMBS - FEEDER LAMBS     SHEEP
             (95-115 LBS)   (61-80 LBS)   (ALL WTS.)
ONTARIO      159.29-181.09  164.63-192.34     N/A
TEXAS (US$)        N/A        115.50      41.00$/CWT
CENTRAL ALTA 107.52-131.52
(INNISFAIL)