Weekly Livestock Market Review - May 30, 2008

The next weekly will be published on Friday, June 6, 2008
This information is collected by the Statistics and Data Development Unit
CAN/US $ May30 100.58 May23 101.18 Jun01/07  94.30
BANK RATE % May27  3.25 May20  3.25 May29/07  4.50

CATTLE SLAUGHTER
WEEK END  May24/08(prel)  May17/08(prel)  May26/07
CANADA      58,699          62,105          55,301
EAST        11,504          13,698          13,182
WEST        47,195          48,407          42,119
ALBERTA     43,162          43,781          38,223
WEEK END  May31/08(est)   May24/08(est)   Jun02/07
US         625,000         722,000         610,300
CANADIAN CATTLE GRADES
WEEK END  May24/08        May17/08        May26/07
A           45,968          48,420          43,080
B              640             690             797
D            3,850           4,385           3,774
E              212             284             389
A GRADE MARBLING (%)
WEEK END  May24/08        May17/08        May26/07
A             3.7%            3.1%            4.3%
AA           50.0%           50.2%           50.3%
AAA          46.3%           46.7%           45.4%
CANADIAN CATTLE CLASSES
WEEK END  May24/08(prel)  May17/08(prel)  May26/07
STEERS      30,123          32,457          29,917
HEIFERS     17,185          17,298          14,467
COWS        11,064          11,961          10,239
BULLS          327             389             678
CALVES       4,261           5,333           4,281

CATTLE FUTURES - US $/CWT - CLOSE May30/2008
MTH   LIVE      CHG            MTH   FEEDER    CHG
JUN   96.72   +0.55            AUG  115.80   +0.58
AUG  101.63   +0.33            SEP  116.60   +0.65
OCT  108.08   +0.35            OCT  117.33   +0.42
DEC  108.53   -0.17            NOV  117.45   +0.53
FEB  109.38   -0.38            JAN  115.63   +0.72
APR  110.70   +0.13            MAR  113.20   +1.00
WEEK END        May30/08     May23/08     Jun01/07
US FSP - US$/CWT  109.55       107.80       107.82

CATTLE INDICATORS
BY PROD VAL     May23/08     May16/08     May25/07
  EAST-$/HEAD      79.63        79.41        97.69
  WEST-$/HEAD     109.50       108.50       100.00
  US-US$/CWT       10.70        10.65        10.39
CURRENTNESS     May24/08     May17/08     May26/07
  ALTA-A1%         68.4%        68.6%        66.9%
  CAN-A1%          67.8%        67.8%        67.7%
FD:STR RATIO    May23/08     May16/08     May25/07
  ALTA BARLEY       16.6         17.2         24.2
                May24/08     May17/08     May26/07
  US CORN           16.9         16.7         26.0

AVG CARCASS WT  May24/08     May17/08     May26/07
  ALTA STR-LBS     812.0        802.0        799.0
  CAN STR-LBS      822.0        819.0        800.0
  US CATTLE-LBS    762.0        763.0        747.0

LATEST CATTLE PRICES - $/CWT
WEEK END  May30/08        May23/08        Jun01/07
            ALBERTA RAILGRADE SALES
STR-LOW     147.50          148.00          155.75
STR-HIGH    150.85          151.85          161.30
HFR-LOW     150.50          148.00          155.75
HFR-HIGH    150.85          151.85          161.30
            ALBERTA DIRECT SALES
STR-RANGE  87.45-91.50    88.75-91.75    93.00-96.50
AVERAGE        N/A           90.43           96.05
VOLUME         N/A          14,763          16,440
HFR-RANGE  86.55-91.50    88.40-91.35    93.00-96.00
AVERAGE        N/A           90.11           95.81
VOLUME         N/A           6,097           6,100

OPEN MARKET - $/CWT
          May30/08        May23/08        Jun01/07
          STEERS - A1,2 AND CHOICE 2-4
ONTARIO      N/A-N/A      82.40-89.90    96.85-109.25
NEBRASKA*    N/A-N/A      93.50-94.00    91.00-93.00
          HEIFERS - A1,2 AND CHOICE 2-4
ONTARIO      N/A-N/A      81.40-89.25    96.10-107.60
NEBRASKA*  93.50-94.00    93.50-94.50    91.50-93.00
          COWS - D1,2
CLYDE      36.00-46.00    36.00-46.00    38.00-43.50
SIOUX F*     67.50           64.50           61.50

          800-900 LB FEEDER STEERS
CLYDE      97.00-105.00   94.00-101.25  104.00-110.00
PONOKA     95.00-103.00   94.00-97.00   101.00-105.75
STRATHMOR    N/A-N/A      80.00-98.00    95.00-106.00
ONTARIO      N/A-N/A      84.00-95.00   102.00-113.00
          700-800 LB FEEDER STEERS
CLYDE      98.00-110.50   92.00-109.50  110.00-118.50
PONOKA    102.00-110.00   94.00-109.00  106.00-114.35
STRATHMOR    N/A-N/A      86.00-103.00  100.00-118.00
C.NEBRAS*    N/A-N/A     110.00-113.50  106.00-110.75
          600-700 LB FEEDER STEERS
CLYDE     105.00-115.00  105.00-114.25  120.00-130.50
PONOKA    110.00-118.00   95.00-110.50  120.00-126.25
STRATHMOR    N/A-N/A      90.00-112.00  100.00-129.00
          500-600 LB FEEDER STEERS
CLYDE     108.00-116.00  108.00-116.00  125.00-140.00
PONOKA    112.00-122.00  108.00-122.00  126.00-135.00
STRATHMOR    N/A-N/A      90.00-110.00  110.00-144.00
ONTARIO      N/A-N/A      82.00-109.00   98.00-133.00
          700-800 LB FEEDER HEIFERS
CLYDE      87.00-93.75    87.00-94.00   100.00-113.00
PONOKA     90.00-95.00    84.00-90.50   100.00-106.60
STRATHMOR    N/A-N/A      70.00-92.00    93.00-104.00
          500-600 LB FEEDER HEIFERS
CLYDE      95.00-102.50   95.00-106.00  115.00-123.00
PONOKA     92.00-101.00   88.00-98.00   112.00-119.00
STRATHMOR    N/A-N/A      75.00-97.00   100.00-117.00


NOTE: * denotes price in US Dollars

PRELIM LIVE ANIMAL TRADE - WEEK ENDING May23/2008
CATTLE       FROM US     TO US     TO US     TO US
                SLTR      SLTR       FDR      HOGS
CANADA             0    10,912    10,834    36,986
EAST               0     4,209        62    13,369
WEST               0     6,703    10,772    23,617

BEEF WHOLESALE PRICES - $/CWT
WEEK ENDING     May30/08     May23/08     Jun01/07
CALGARY-STRS     153-155      153-155      169-171
CDA CUTOUT AAA       N/A       163.70       192.11
CDA CUTOUT AA/A      N/A       164.92       181.52

US BOXED BEEF CUTOUT - US $/CWT
WEEK END        May30/08     May23/08     Jun01/07
CHOICE 6-900      155.98       156.32       156.07
SELECT 6-900      152.41       152.58       146.78

HOG SLAUGHTER
WEEK END  May24/08(prel)  May17/08(prel)  May26/07
CANADA     355,382         403,302         342,119
EAST       213,508         249,573         203,230
WEST       141,874         153,729         138,889
ALBERTA     56,748          51,661          50,104
WEEK END  May31/08(est)   May24/08(est)   Jun02/07
US       1,828,000       2,094,000       1,721,800

HOG CASH PRICES - INDEX 100 - $/KG
WEEK END  May29/08        May22/08        May31/07
ALTA AVG     1.306           1.362           1.363
ONT AVG        N/A             N/A           1.471
INTERIOR IOWA MINNESOTA HOG CASH PRICES
WEEK END        May30/08     May23/08     Jun01/07
US $/CWT           72.58        78.00        70.99
CAN EQVT $/KG      1.860        1.987        1.941
US PORK CARCASS CUTOUT
US $/CWT           79.74        81.10        75.17
HOG FUTURES - US$/CWT       CAN/US$ CLOSE May30/2008
MTH   LEAN      CHG            MTH   FUTURES   CHG
JUN   76.75   -1.10            JUN  1.0098 -0.0018
JUL   76.05   -1.10            SEP  1.0090 -0.0017
AUG   77.40   -0.90            DEC  1.0085 -0.0018
OCT   73.42   -0.58            MAR  1.0084 -0.0018
DEC   74.17   -1.08            JUN  1.0083 -0.0018
FEB   79.30   -1.10            SEP  1.0082 -0.0018
HOG INDICATORS
WEEK END            May24/08   May17/08   May26/07
  AV DRSD WT US-LBS    201.0      202.0      203.0
FD:HOG RATIO        May23/08May16/08May25/07
  US CORN               14.0       14.6       24.4
                    May23/08   May16/08   May25/07
  ALTA BARLEY            9.1        9.3       12.1

SHEEP AND LAMB PRICES - Most Recent Sale to May29/2008
             MARKET LAMBS - FEEDER LAMBS     SHEEP
             (95-115 LBS)   (61-80 LBS)   (ALL WTS.)
ONTARIO      178.46-203.00  176.02-250.00     N/A
TEXAS (US$)        N/A        114.75      40.25$/CWT
CENTRAL ALTA 126.24-136.80
(INNISFAIL)