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Cattle Trade Update: Sales Trending Higher In CO, KS, & TX

04/18/2008 01:15PM

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Today’s Reported Sales Volume:44,000

Today’s Estimated Sales Volume: 57,000

Trading was moderate to active in the Texas Panhandle and light to moderate in Kansas and Colorado on moderate to good demand mid-day Friday.Compared to last week, live sales are trending 3.00 higher at 90.00. All packers were not participating at that level and those that were, backed out fairly quickly in Kansas.Trading is inactive in Nebraska on light to moderate buyer inquiry.    Estimated slaughter for Friday reported at 126,000 and 44,000 for Saturday, for a weekly total of 676,000.

Note: prices are based on net weights FOB the feedlot after a 3-4% shrink unless otherwise noted. Dressed prices based on hot carcass weights delivered to the plant.

PRICES PAID TODAY:

            LIVE                    DRESSED                 DRESSED

            STEER/HEIFER            STEER/HEIFER            STEER/HEIFER

            (CASH)                  (CASH)                  (GRID BASE)

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            Select and Choice                               Select and Choice

TX/OK/NM    90.00                   None                    141.00          

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            Select and Choice                                               

KANSAS    90.00                   None                    None            

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NEBRASKA    None                    None                    None            

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            Select and Choice                                               

COLORADO    90.00                   None                    None            

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