Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

Value of Gain - The LSU AgCenter

VIEWS: 1 PAGES: 4

									Thi s s prea ds heet conta i ns hi s tori ca l pri ces i n Loui s i a na a nd ca n be us ed to exa mi ne s ea s ona l pri ce pa tterns a nd
va l ue of ga i n for di fferent wei ghts of ca ttl e. Thi s s prea ds heet ma kes NO a s s umpti ons a bout cos ts a s i t onl y
s hows the a ddi ti ona l revenues tha t woul d ha ve been obta i ned by i ncrea s i ng the wei ght on ca ttl e s ol d.
Note tha t pri ces a re s ubject to revi s i on one month a fter pos ti ng (i .e. Ja nua ry pri ces a re not cons i dered fi na l unti l
(Ma rch).

La s t Upda ted: September 1, 2010                                                                    Pri ces obta i ned from USDA AMS


                 Class of Cattle -- Prices
                    Lea n Cul l Cows                          Vi ew hi s tori ca l pri ces a nd
                                                              i ndi ces by cl i cki ng here
             Class of Cattle -- Value of Gain
          3 to 5 cwt hei fers (over 4 months )                Vi ew hi s tori ca l va l ue of ga i n a nd
                                                              i ndi ces by cl i cki ng here



               Us er-s peci fi ed va l ue of ga i n                                     Scena ri o
                                                              1            2            3           4            5            6
   Starting month (Jan=1, Feb=2, etc)
                                                              10           7            5           4            3            5
   Class (weight/sex) of Cattle - Starting
                                                              250 l b s tr 300 l b s tr 200 l b hfr 250 l b s tr 200 l b s tr 200 l b s tr

   Ending month (Oct=10, Nov=11, etc)
                                                              3            10           11          6            8            7
   Class (weight/sex) of Cattle - Ending
                                                              550 l b s tr 450 l b s tr 400 l b hfr 550 l b s tr 550 l b s tr 350 l b s tr

   Weight gain
                                                              300         150            200          300           350             150
   Months / Average daily gain (ADG)*
                                                              6 / 1.64    4 / 1.23       7 / 0.94     3 / 3.29      6 / 1.92        3 / 1.64

   Vi ew the res ul ts of us er defi ned va l ue of ga i n s cena ri os by cl i cki ng                here
* Months betw een starting and ending periods and calculated average daily gain (ADG) assuming 30.4 days per month.

Address comments/questions to
J. Ross Pruitt, Ph.D.
Extension Agricultural Economist
Department of Agricultural Economics and Agribusiness, Louisiana State University Agricultural Center
voice: (225) 578-2719 --- email:    rprui tt@a gcenter.l s u.edu




   Pri ce Codes                                                                          Va l ue of Ga i n Codes
   LA 200-250 Steers                                      0                              2 to 4 cwt s teers (over 4 months )                       0
   LA 250-300 s teers                                     0                              2.5 to 4.5 cwt s teers (over 4 months )                   0
   LA 300-350 s teers                                     0                              3 to 5 cwt s teers (over 4 months )                       0
   LA 350-400 s teers                                     0                              3.5 to 5.5 cwt s teers (over 4 months )                   0
   LA 400-450 s teers                                     0                              4 to 6 cwt s teers (over 4 months )                       0
   LA 450-500 s teers                                     0                              4.5 to 6.5 cwt s teers (over 4 months )                   0
   LA 500-550 s teers                                     0                              2 to 5 cwt s teers (over 6 months )                       0
   LA 550-600 s teers                                     0                              2.5 to 5.5 cwt s teers (over 6 months )                   0
   LA 600-650 s teers                                     0                              3 to 6 cwt s teers (over 6 months )                       0
   LA 650-700 s teers                                     0                              3.5 to 6.5 cwt s teers (over 6 months )                   0
   LA 200-250 hei fers                                    0                              2 to 6 cwt s teers (over 8 months )                       0
   LA 250-300 hei fers                                    0                              2.5 to 6.5 cwt s teers (over 8 months )                   0
   LA 300-350 hei fers                                    0                              2 to 4 cwt hei fers (over 4 months )                      0
   LA 350-400 hei fers                                    0                              2.5 to 4.5 cwt hei fers (over 4 months )                  0
   LA 400-450 hei fers                                    0                              3 to 5 cwt hei fers (over 4 months )                      1
   LA 450-500 hei fers                                    0                              3.5 to 5.5 cwt hei fers (over 4 months )                  0
   LA 500-550 hei fers                                    0                              4 to 6 cwt hei fers (over 4 months )                      0
   LA 550-600 hei fers                                    0                              4.5 to 6.5 cwt hei fers (over 4 months )                  0
   LA 600-650 hei fers                                    0                              2 to 5 cwt hei fers (over 6 months )                      0
   LA 650-700 hei fers                                    0                              2.5 to 5.5 cwt hei fers (over 6 months )                  0
   Boni ng Cul l Cows                                     0                              3 to 6 cwt hei fers (over 6 months )                      0
   Lea n Cul l Cows                                       1                              3.5 to 6.5 cwt hei fers (over 6 months )                  0
                                                                                         2 to 6 cwt hei fers (over 8 months )                      0
Month Codes                                                                              2.5 to 6.5 cwt hei fers (over 8 months )                  0
1 Ja n
2 Feb
3 Ma r
4 Apr
5 Ma y
6 Jun
7 Jul
8 Aug
9 Sep
 # Oct
 # Nov
 # Dec

   Sta rti ng Wei ght Codes
   200 l b s tr                   200                     2           0             0           0            0            1                        1
   250 l b s tr                   250                     3           1             0           0            1            0                        0
   300 l b s tr                   300                     4           0             1           0            0            0                        0
   350 l b s tr                   350                     5           0             0           0            0            0                        0
   400 l b s tr                   400                     6           0             0           0            0            0                        0
   450 l b s tr                   450                     7           0             0           0            0            0                        0
   500 l b s tr                   500                     8           0             0           0            0            0                        0
   550 l b s tr                   550                     9           0             0           0            0            0                        0
   600 l b s tr                   600                    10           0             0           0            0            0                        0
   200 l b hfr                    200                    12           0             0           1            0            0                        0
   250 l b hfr                    250                    13           0             0           0            0            0                        0
   300 l b hfr                    300                    14           0             0           0            0            0                        0
   350 l b hfr                    350                    15           0             0           0            0            0                        0
   400 l b hfr                    400                    16           0             0           0            0            0                        0
   450 l b hfr                    450                    17           0             0           0            0            0                        0
   500 l b hfr                    500                    18           0             0           0            0            0                        0
   550 l b hfr                    550                    19           0             0           0            0            0                        0
   600 l b hfr                    600                    20           0             0           0            0            0                        0
                                                              250 l b s tr 300 l b s tr 200 l b hfr 250 l b s tr 200 l b s tr 200 l b s tr
                           Codes us ed =>                             3             4          12            3            2                        2
                                                              Steers       Steers       Hei fers Steers          Steers       Steers

   Endi ng Wei ght Codes
   250 l b s tr                   250                     3           0               0           0              0              0                  0
   300 l b s tr                   300                     4           0               0           0              0              0                  0
   350 l b s tr                   350                     5           0               0           0              0              0                  1
   400 l b s tr                   400                     6           0               0           0              0              0                  0
   450 l b s tr                   450                     7           0               1           0              0              0                  0
   500 l b s tr                   500                     8           0               0           0              0              0                  0
   550 l b s tr                   550                     9           1               0           0              1              1                  0
   600 l b s tr                   600                    10           0               0           0              0              0                  0
   650 l b s tr                   650                    11           0               0           0              0              0                  0
   250 l b hfr                    250                    13           0               0           0              0              0                  0
   300 l b hfr                    300                    14           0               0           0              0              0                  0
   350 l b hfr                    350                    15           0               0           0              0              0                  0
   400 l b hfr                    400                    16           0               0           1              0              0                  0
   450 l b hfr                    450                    17           0               0           0              0              0                  0
   500 l b hfr                    500                    18           0               0           0              0              0                  0
   550 l b hfr                    550                    19           0               0           0              0              0                  0
   600 l b hfr                    600                    20           0               0           0              0              0                  0
   650 l b hfr                    650                    21           0               0           0              0              0                  0
                                                              550 l b s tr 450 l b   s tr 400 l b hfr 550 l b   s tr 550 l b   s tr 350 l b s tr
                           Codes us ed =>                             9               7          16              9              9                  5

   Sex                                                        Steers      Steers         Hei fers     Steers        Steers          Steers
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            "Prices" column
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Count ========>                     116        116        116        116        116         116        116        116         29         29        116        116        116        116        116        116        116        116         29         29        116        116
               Historical Monthly Prices for Lean Cull Cows                                                                                                                                                                            Historical Monthly Prices for Lean Cull Cows                                                                                        Historical Monthly Prices for Lean Cull Cows                                                                                     Minimum =======>                113.725    108.455    101.375     94.525         86       80.92      77.89      74.35      78.14       77.5       98.5      90.25     85.215     82.275     77.945      74.64      71.62     69.135     72.855     71.375     33.445     29.955
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Maximum =======>                189.465      182.33    166.455    156.295     140.66     134.75     125.25     120.04     107.89      106.5      172.5     149.68   142.885    135.655    136.465      122.89   115.635    112.285    100.115           98    57.885       51.92
                                2001       2002      2003       2004    2005                                2006    2007        2008        2009         2010       9-yr avg   5-yr avg          +Std    -Std     Min    Max               2001        2002        2003        2004     2005    2006    2007    2008    2009    2010    9-yr avg Std Dev LR                    2001        2002       2003        2004     2005    2006    2007    2008    2009          2010     5-yr avg    Std SR        Average ========>                 145.75     135.93     127.14     119.81     112.58     106.76     101.37      97.56      93.33      92.03     124.89     116.68     110.90     105.92     101.57       97.38      93.65      90.97      86.38      85.28      47.22      42.09
               Jan             36.54      36.42     33.75      41.15   47.92                               42.57   43.92       43.72       40.27        47.88         40.69      43.68          45.16   36.23   33.75   47.92   Jan        36.54       36.42       33.75       41.15    47.92   42.57   43.92   43.72   40.27       .     40.69        4.46         Jan            .           .          .           .    47.92   42.57   43.92   43.72   40.27             .      43.68        2.78                                              0          0          0          0          0          0          0          0          0          0          0          0          0          0          0           0          0          0          0          0          0          1
               Feb             40.71      39.24     35.47      42.17   49.06                               48.81   44.60       48.13       40.23        52.57         43.16      46.16          47.94   38.37   35.47   49.06   Feb        40.71       39.24       35.47       42.17    49.06   48.81   44.60   48.13   40.23       .     43.16        4.79         Feb            .           .          .           .    49.06   48.81   44.60   48.13   40.23             .      46.16        3.77       Pick Series to Use                        Steers     steers     steers     steers     steers
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           LA 200-250 LA 250-300 LA 300-350 LA 350-400 LA 400-450 LA 450-500 LA 500-550 LA 550-600 LA 600-650 LA 650-700 LA 200-250 LA 250-300 LA 300-350 LA 350-400 LA 400-450 LA 450-500 LA 500-550 LA 550-600 LA 600-650 LA 650-700 Boning Cull Lean Cull Cows
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             steers     steers     steers     steers     steers     heifers    heifers    heifers    heifers    heifers    heifers    heifers    heifers    heifers    heifers     Cows
               Mar             39.99      40.32     35.60      42.75   50.72                               47.24   43.18       48.42       40.32        52.73         43.17      45.97          47.98   38.36   35.60   50.72   Mar        39.99       40.32       35.60       42.75    50.72   47.24   43.18   48.42   40.32       .     43.17        4.81         Mar            .           .          .           .    50.72   47.24   43.18   48.42   40.32             .      45.97        4.18                                                 Lean Cull Cows
               Apr             39.85      39.43     35.04      44.89   51.01                               44.75   45.18       47.26       43.04        55.88         43.38      46.25          48.10   38.66   35.04   51.01   Apr        39.85       39.43       35.04       44.89    51.01   44.75   45.18   47.26   43.04       .     43.38        4.72         Apr            .           .          .           .    51.01   44.75   45.18   47.26   43.04             .      46.25        3.06       Source: USDA AMS
               May             39.13      38.38     35.57      46.07   51.87                               42.91   46.53       49.25       42.84        55.98         43.61      46.68          48.95   38.28   35.57   51.87   May        39.13       38.38       35.57       46.07    51.87   42.91   46.53   49.25   42.84       .     43.61        5.34         May            .           .          .           .    51.87   42.91   46.53   49.25   42.84             .      46.68        3.95
               Jun             41.08      37.04     36.78      47.60   51.92                               41.32   45.00       49.60       38.94        55.69         43.25      45.35          48.78   37.72   36.78   51.92   Jun        41.08       37.04       36.78       47.60    51.92   41.32   45.00   49.60   38.94       .     43.25        5.53         Jun            .           .          .           .    51.92   41.32   45.00   49.60   38.94             .      45.35        5.45
               Jul             39.97      34.71     38.52      50.85   49.44                               40.85   47.04       50.07       39.21        55.73         43.41      45.32          49.37   37.44   34.71   50.85    Jul       39.97       34.71       38.52       50.85    49.44   40.85   47.04   50.07   39.21       .     43.41        5.97          Jul           .           .          .           .    49.44   40.85   47.04   50.07   39.21             .      45.32        4.99
               Aug             40.61      33.86     37.93      49.43   48.81                               40.87   46.57       49.97       38.18        57.22         42.91      44.88          48.82   37.01   33.86   49.97   Aug        40.61       33.86       37.93       49.43    48.81   40.87   46.57   49.97   38.18       .     42.91        5.91         Aug            .           .          .           .    48.81   40.87   46.57   49.97   38.18             .      44.88        5.13
               Sep             38.95      32.05     36.98      48.18   44.10                               40.31   42.74       47.25       36.68           ---        40.80      42.21          46.08   35.53   32.05   48.18   Sep        38.95       32.05       36.98       48.18    44.10   40.31   42.74   47.25   36.68       .     40.80        5.27         Sep            .           .          .           .    44.10   40.31   42.74   47.25   36.68             .      42.21        3.98                                    Steers                                                                                                           Heifers                                                                                                       Cows
               Oct             34.90      30.87     37.29      45.14   39.27                               39.07   40.09       43.02       36.54           ---        38.46      39.60          42.71   34.21   30.87   45.14   Oct        34.90       30.87       37.29       45.14    39.27   39.07   40.09   43.02   36.54       .     38.46        4.25         Oct            .           .          .           .    39.27   39.07   40.09   43.02   36.54             .      39.60        2.33       Year        Month    Yr-Mo   200-250   250-300   300-350   350-400   400-450   450-500   500-550   550-600   600-650               650-700    200-250   250-300   300-350   350-400   400-450   450-500   500-550   550-600   600-650            650-700    Boning     Lean       Lean Cull Cows
               Nov             35.04      29.96     40.54      46.69   39.75                               38.34   39.41       35.84       35.61           ---        37.91      37.79          42.53   33.28   29.96   46.69   Nov        35.04       29.96       40.54       46.69    39.75   38.34   39.41   35.84   35.61       .     37.91        4.62         Nov            .           .          .           .    39.75   38.34   39.41   35.84   35.61             .      37.79        1.96   1          2001 Jan      2001.01    141.57    132.80    123.50    115.98    108.05    101.85     95.30     91.86                                     124.39    115.39    105.93    102.84     96.11     92.08     85.95     82.50                                  41.15      36.54       36.54
               Dec             34.55      30.83     41.88      45.25   40.74                               38.38   40.98       37.89       39.10           ---        38.84      39.41          43.06   34.62   30.83   45.25   Dec        34.55       30.83       41.88       45.25    40.74   38.38   40.98   37.89   39.10       .     38.84        4.22         Dec            .           .          .           .    40.74   38.38   40.98   37.89   39.10             .      39.41        1.39   1          2001 Feb      2001.02    142.57    134.60    125.50    117.71    109.70    103.89     98.65     96.45                                     124.04    118.11    109.50    103.97     97.71     94.71     88.25     87.15                                  46.07      40.71       40.71
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2001 Mar      2001.03    147.27    137.00    128.29    121.25    112.95    105.98     99.88     97.07                                     123.47    119.00    111.53    106.10     99.63     94.95     88.81     87.33                                  45.12      39.99       39.99
               Avg             38.44      35.26     37.11      45.85   47.05                               42.12   43.77       45.87        39.25       54.21         41.63      43.61                                          Avg        38.44       35.26       37.11       45.85    47.05   42.12   43.77   45.87   39.25    0.00     41.63                     Avg     #DIV/0!     #DIV/0!     #DIV/0!     #DIV/0!    47.05   42.12   43.77   45.87   39.25       #DIV/0!      43.61               1          2001 Apr      2001.04    145.89    137.14    124.60    117.14    108.79    102.20     97.06     94.50                                     126.65    119.69    109.68    104.34     97.12     94.83     88.47     87.81                                  44.91      39.85       39.85
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2001 May      2001.05     140.79     132.87     121.40     112.93      105.86      99.98      94.71      91.04                           122.39     115.12     107.21     101.00      94.80      92.00      86.52      85.40                            43.74      39.13         39.13
               Historical Seasonal Index for Lean Cull Cows                                                                                                                                                                                                                                                                                                                                                                                                                                             1          2001 Jun      2001.06     140.49     131.38     120.00     112.29      105.83     100.44      94.03      92.47                           118.28     112.72     106.61     101.33      95.77      93.00      87.74      87.25                            46.36      41.08         41.08
                                                                                                                                                                                                                                       Historical Seasonal Index for Lean Cull Cows                                                                                        Historical Seasonal Index for Lean Cull Cows                                                                                 1          2001   Jul    2001.07     134.75     128.52     117.39     109.87      102.67      97.00      93.00      90.92                           114.64     109.72     103.80      98.33      93.79      90.11      84.99      84.47                            44.04      39.97         39.97
                                2001       2002      2003       2004   2005                                 2006   2007         2008        2009         2010       9-yr avg   5-yr avg         +Std     -Std     Min    Max               2001        2002         2003        2004    2005    2006    2007    2008    2009    2010    9-yr avg Std Dev LR                     2001       2002          2003       2004    2005    2006    2007    2008    2009          2010   5-yr avg   Std SR      1          2001   Aug    2001.08     132.37     125.92     116.65     108.24      102.37      96.53      91.50      87.62                           116.00     106.62     101.37      96.86      91.57      88.53      84.45      83.15                            44.91      40.61         40.61
               Jan              0.95       1.03      0.91       0.90   1.02                                 1.01   1.00         0.95        1.03         0.88          0.98       1.00          1.03     0.93    0.90    1.03   Jan          0.95       1.03         0.91        0.90    1.02    1.01    1.00    0.95    1.03       .      0.98       0.051   Jan          .           .           .           .           1.018   1.011   1.003   0.953   1.026   .                  1.002     0.029   1          2001   Sep    2001.09     143.63     132.70     123.11     114.21      105.33      98.19      91.98      88.64                           119.96     115.75     106.48      99.79      93.44      88.65      83.50      80.15                            42.76      38.95         38.95
               Feb              1.06       1.11      0.96       0.92   1.04                                 1.16   1.02         1.05        1.03         0.97          1.04       1.06          1.11     0.97    0.92    1.16   Feb          1.06       1.11         0.96        0.92    1.04    1.16    1.02    1.05    1.03       .      1.04       0.073   Feb          .           .           .           .           1.043   1.159   1.019   1.049   1.025   .                  1.059     0.057   1          2001   Oct    2001.10     129.88     123.37     113.48     105.82       98.71      92.62      86.36      81.88                           111.90     105.00      97.42      93.55      87.14      81.95      76.64      73.04                            38.51      34.90         34.90
               Mar              1.04       1.14      0.96       0.93   1.08                                 1.12   0.99         1.06        1.03         0.97          1.04       1.05          1.11     0.97    0.93    1.14   Mar          1.04       1.14         0.96        0.93    1.08    1.12    0.99    1.06    1.03       .      1.04       0.071   Mar          .           .           .           .           1.078   1.122   0.986   1.056   1.027   .                  1.054     0.051   1          2001   Nov    2001.11     125.50     118.70     109.92     102.17       96.04      90.43      85.04      81.02                           107.50      99.79      94.93      89.79      84.55      80.78      75.77      72.58                            38.64      35.04         35.04
               Apr              1.04       1.12      0.94       0.98   1.08                                 1.06   1.03         1.03        1.10         1.03          1.04       1.06          1.10     0.99    0.94    1.12   Apr          1.04       1.12         0.94        0.98    1.08    1.06    1.03    1.03    1.10       .      1.04       0.056   Apr          .           .           .           .           1.084   1.063   1.032   1.030   1.097   .                  1.061     0.030   1          2001   Dec    2001.12     133.85     128.06     117.77     111.37      102.81      96.40      90.61      87.50                           112.93     109.85     102.43      97.69      91.08      87.33      82.30      81.09                            38.55      34.55         34.55
               May              1.02       1.09      0.96       1.00   1.10                                 1.02   1.06         1.07        1.09         1.03          1.05       1.07          1.10     1.00    0.96    1.10   May          1.02       1.09         0.96        1.00    1.10    1.02    1.06    1.07    1.09       .      1.05       0.049   May          .           .           .           .           1.102   1.019   1.063   1.074   1.091   .                  1.070     0.032   1          2002   Jan    2002.01     137.25     130.33     119.69     113.17      105.06      98.44      90.99      87.27                           117.80     112.92     102.70      97.50      91.81      88.20      83.68      80.03                            40.77      36.42         36.42
               Jun              1.07       1.05      0.99       1.04   1.10                                 0.98   1.03         1.08        0.99         1.03          1.04       1.04          1.08     0.99    0.98    1.10   Jun          1.07       1.05         0.99        1.04    1.10    0.98    1.03    1.08    0.99       .      1.04       0.043   Jun          .           .           .           .           1.104   0.981   1.028   1.081   0.992   .                  1.037     0.054   1          2002   Feb    2002.02     134.10     127.11     116.52     112.00      105.50      99.52      93.89      89.25                           115.34     112.38     105.54      99.96      93.94      89.89      85.71      81.93                            43.80      39.24         39.24
               Jul              1.04       0.98      1.04       1.11   1.05                                 0.97   1.07         1.09        1.00         1.03          1.04       1.04          1.09     0.99    0.97    1.11    Jul         1.04       0.98         1.04        1.11    1.05    0.97    1.07    1.09    1.00       .      1.04       0.048   Jul          .           .           .           .           1.051   0.970   1.075   1.092   0.999   .                  1.037     0.051   1          2002   Mar    2002.03     136.28     127.25     117.59     110.59      104.42      97.88      91.05      87.63                           113.32     113.10     105.30      98.28      90.25      86.24      82.75      78.92                            44.57      40.32         40.32
               Aug              1.06       0.96      1.02       1.08   1.04                                 0.97   1.06         1.09        0.97         1.06          1.03       1.03          1.08     0.98    0.96    1.09   Aug          1.06       0.96         1.02        1.08    1.04    0.97    1.06    1.09    0.97       .      1.03       0.049   Aug          .           .           .           .           1.037   0.970   1.064   1.089   0.973   .                  1.027     0.054   1          2002   Apr    2002.04     130.29     120.27     109.87     103.53       96.82      90.71      85.24      80.30                           109.64     101.95     100.43      93.00      87.07      83.33      79.64      75.80                            42.98      39.43         39.43
               Sep              1.01       0.91      1.00       1.05   0.94                                 0.96   0.98         1.03        0.93 ---                   0.98       0.97          1.03     0.93    0.91    1.05   Sep          1.01       0.91         1.00        1.05    0.94    0.96    0.98    1.03    0.93       .      0.98       0.048   Sep          .           .           .           .           0.937   0.957   0.976   1.030   0.935   .                  0.967     0.039   1          2002   May    2002.05     121.64     111.79     102.98      97.43       92.56      87.43      82.63      78.13                           106.25      99.39      93.00      88.03      84.75      80.54      77.54      74.14                            41.53      38.38         38.38
               Oct              0.91       0.88      1.00       0.98   0.83                                 0.93   0.92         0.94        0.93 ---                   0.92       0.91          0.98     0.87    0.83    1.00   Oct          0.91       0.88         1.00        0.98    0.83    0.93    0.92    0.94    0.93       .      0.92       0.051   Oct          .           .           .           .           0.835   0.928   0.916   0.938   0.931   .                  0.909     0.043   1          2002   Jun    2002.06     118.42     111.54     102.61      96.81       87.50      83.34      79.90      76.73                           108.36      99.17      91.20      85.88      81.01      77.17      74.77      70.87                            40.21      37.04         37.04
               Nov              0.91       0.85      1.09       1.02   0.84                                 0.91   0.90         0.78        0.91 ---                   0.91       0.87          1.01     0.82    0.78    1.09   Nov          0.91       0.85         1.09        1.02    0.84    0.91    0.90    0.78    0.91       .      0.91       0.093   Nov          .           .           .           .           0.845   0.910   0.900   0.781   0.907   .                  0.869     0.056   1          2002   Jul    2002.07     118.41     111.17     103.69      96.68       90.73      84.30      79.93      75.25                           104.17      98.10      92.93      87.83      82.53      78.62      74.15      71.68                            38.06      34.71         34.71
               Dec              0.90       0.87      1.13       0.99   0.87                                 0.91   0.94         0.83        1.00 ---                   0.94       0.91          1.03     0.85    0.83    1.13   Dec          0.90       0.87         1.13        0.99    0.87    0.91    0.94    0.83    1.00       .      0.94       0.091   Dec          .           .           .           .           0.866   0.911   0.936   0.826   0.996   .                  0.907     0.065   1          2002   Aug    2002.08     118.64     112.88     104.65      98.01       88.86      83.13      78.35      75.00                           103.70      98.57      88.66      82.82      78.27      74.96      72.53      71.41                            37.39      33.86         33.86
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2002   Sep    2002.09     113.73     108.46     101.38      94.53       86.00      80.92      77.89      74.35                           100.25      94.30      88.39      82.99      77.95      74.64      71.62      69.77                            35.53      32.05         32.05
               Avg              1.00       1.00       1.00      1.00    1.00                                1.00    1.00        1.00         1.00         1.00         1.00       1.00                                          Avg         1.00        1.00        1.00        1.00     1.00    1.00    1.00    1.00    1.00    0.00      1.00               Avg           #DIV/0!     #DIV/0!     #DIV/0!     #DIV/0!     1.00    1.00    1.00    1.00    1.00       #DIV/0!      1.000               1          2002   Oct    2002.10     116.73     111.72     105.24      98.41       91.77      85.16      79.08      75.53                           102.63      94.64      88.74      85.29      80.30      76.10      71.68      69.19                            34.30      30.87         30.87
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2002 Nov      2002.11     119.19     114.08     107.60     101.53       94.35      88.25      80.11      75.79                           105.44      98.50      90.57      86.13      81.25      76.57      72.90      69.14                            33.45      29.96         29.96
               Years to include in averages (enter a "1" to include or a "0" to exclude)                                                                                                                                                                                                                                                                                                                                                                                                                1          2002 Dec      2002.12     120.88     115.73     107.89     102.40       94.89      88.82      82.47      78.50                           103.80      97.92      90.00      86.34      81.35      78.11      74.55      71.93                            34.90      30.83         30.83
               Title            2001       2002      2003       2004   2005                                 2006   2007         2008        2009         2010          Years included                                                                                                                                                                                                                                                                                                                   1          2003 Jan      2003.01     122.82     117.00     108.77     104.74       99.06      92.84      85.10      81.08                           108.10     101.75      93.65      89.11      85.38      82.64      77.90      75.74                            37.82      33.75         33.75
               9-yr avg            1          1         1          1      1                                    1      1            1           1           na                     9                                                                                                                                                                                                                                                                                                                     1          2003 Feb      2003.02     126.53     116.75     109.06     102.97       98.11      91.60      85.54      81.88                           105.57     100.51      94.37      90.68      85.40      83.18      79.54      75.73                            39.90      35.47         35.47
               5-yr avg            0          0         0          0      1                                    1      1            1           1           na                     5                                                                                                                                                                                                                                                                                                                     1          2003 Mar      2003.03     120.62     112.42     105.77     101.17       95.16      92.12      85.50      81.20                           111.33      99.20      91.87      88.77      84.65      82.12      77.22      74.48                            40.31      35.60         35.60

                     Historical Monthly Prices for Lean Cull Cows                                                    Historical Seasonal Index for Lean Cull Cows                                                                                                                                                                                                                                                                                                                                       1          2003   Apr    2003.04     121.67     113.50     107.00     102.73       97.53      92.59      87.04      82.52                           106.00     100.50      95.06      90.60      85.53      82.68      78.62      75.84                            40.11      35.04         35.04
               9-yr avg                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 1          2003   May    2003.05     122.25     113.53     104.93      99.76       94.41      89.31      85.16      82.46                           105.78     100.23      94.84      90.24      86.95      83.29      79.05      76.33                            40.64      35.57         35.57
               60.00                                                                                       1.10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2003   Jun    2003.06     126.01     116.46     111.13     104.95       97.63      93.40      87.67      84.53                           105.62     100.04      95.95      91.97      87.85      84.44      81.48      78.36                            41.80      36.78         36.78
                                                                               Percent of Annual Average




               50.00                                                                                       1.05                                                                                                                                                                                                                                                                                                                                                                                         1          2003   Jul    2003.07     129.12     120.50     113.26     106.62      101.18      94.53      90.72      85.74                           113.55     106.54      99.97      95.32      91.08      86.89      84.44      81.49                            44.00      38.52         38.52
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           43.09      37.93
Price, $/cwt




               40.00                                                                                       1.00                                                                                                                                                                                                                                                                                                                                                                                         1          2003   Aug    2003.08     128.61     121.45     113.84     106.65       99.36      94.08      90.43      86.04                           109.36     104.81      99.68      95.03      90.88      86.80      84.45      81.58                                                     37.93
               30.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    1          2003   Sep    2003.09     129.48     124.19     117.72     111.93      104.64      99.02      93.28      89.44                           112.75     108.87     103.69      98.68      94.03      90.27      86.50      83.72                            42.74      36.98         36.98
                                                                                                           0.95                                                                      9-yr avg                                                                                                                                                                                                                                                                                                           1          2003   Oct    2003.10     136.35     128.06     121.88     115.75      108.30     102.14      96.53      91.80                           118.07     111.43     105.71     101.00      97.23      92.41      88.10      84.76                            43.53      37.29         37.29
               20.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    1          2003   Nov    2003.11     135.75     127.12     124.10     118.38      110.26     104.10      96.23      91.46                           117.80     113.27     109.19     104.44     101.07      96.03      90.04      86.38                            46.66      40.54         40.54
                                                                                                           0.90                                                                      5-yr avg
               10.00
                                                                                                           0.85
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2003   Dec    2003.12     137.00     129.75     125.52     118.13      114.42     107.22     101.75      97.60                           119.54     117.36     112.20     105.92     100.85      96.96      93.00      89.56                            48.48      41.88         41.88
                0.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    1          2004   Jan    2004.01     134.25     124.82     121.28     114.97      109.65     104.37      97.99      94.77                           121.00     115.28     110.91     106.60     100.91      96.78      91.58      88.91                            47.46      41.15         41.15
                                                                                                           0.80                                                                                                                                                                                                                                                                                                                                                                                         1          2004   Feb    2004.02     141.46     129.57     123.04     117.20      110.54     104.22     100.45      96.76                           117.25     119.88     112.95     107.92     102.42      97.97      92.25      89.16                            47.79      42.17         42.17
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2004   Mar    2004.03     138.64     130.47     128.34     123.03      116.43     110.03     104.27     100.47                           125.09     119.25     115.71     110.63     105.35     100.11      96.34      92.78                            47.09      42.75         42.75
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2004   Apr    2004.04     145.02     136.21     129.48     122.82      116.58     112.09     105.47     101.56                           128.73     121.14     116.30     111.38     107.31     103.17      98.88      94.77                            49.79      44.89         44.89
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2004   May    2004.05     150.22     140.87     133.52     126.91      120.08     113.59     108.50     104.90                           134.70     128.59     121.12     115.53     111.48     107.48     103.68     100.54                            51.72      46.07         46.07
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2004   Jun    2004.06     153.68     144.58     136.89     129.98      123.32     117.19     112.83     108.40                           137.71     130.92     124.13     119.22     114.91     110.17     107.77     105.00                            53.74      47.60         47.60
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2004   Jul    2004.07     168.57     158.00     145.66     136.77      127.36     121.62     115.93     112.53                           148.07     140.13     132.78     126.42     119.89     115.28     110.14     107.58                            56.47      50.85         50.85
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2004   Aug    2004.08     174.61     161.93     151.34     139.77      128.64     122.23     116.26     113.22                           151.46     142.07     133.23     125.88     119.43     115.71     110.22     107.28                            54.65      49.43         49.43
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2004   Sep    2004.09     167.56     156.41     146.23     137.67      125.54     119.43     111.55     107.58                           146.34     138.39     130.24     124.23     116.24     110.93     106.48     102.40                            53.31      48.18         48.18
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2004   Oct    2004.10     157.08     149.24     140.73     132.64      123.57     117.38     110.85     106.77                           139.66     131.58     125.74     119.36     112.72     106.48     103.42      99.55                            50.43      45.14         45.14
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2004   Nov    2004.11     158.73     150.56     143.00     133.77      124.12     117.77     110.65     105.41                           141.25     132.65     126.27     120.51     114.18     110.27     104.45      99.07                            51.50      46.69         46.69
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2004   Dec    2004.12     155.22     145.78     141.16     131.85      124.59     118.64     109.62     105.91                           134.75     127.88     123.73     118.75     112.96     109.71     103.45     102.08                            51.22      45.25         45.25
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2005   Jan    2005.01     157.32     149.10     142.17     134.67      127.29     120.95     113.65     109.70                           136.66     129.22     125.85     119.95     116.10     110.34     106.52     101.64                            52.70      47.92         47.92
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2005   Feb    2005.02     165.18     154.56     148.03     138.78      131.86     126.03     120.54     113.95                           140.60     133.26     130.78     125.41     122.50     117.75     113.32     108.06                            54.75      49.06         49.06
               Historical Seasonal Index for Lean Cull Cows (based on calving year of Oct-Sept)                                                                                                                                                                                                                                                                                                                                                                                                         1          2005   Mar    2005.03     176.61     161.91     153.31     145.00      135.08     129.22     123.62     117.56                           153.01     144.62     136.48     130.88     127.11     121.10     115.07     109.87                            56.07      50.72         50.72
                                   0          0         0          1       1                                   1       1           1            0                         5                                                                                                                                                                                                                                                                                                                             1          2005   Apr    2005.04     183.15     170.28     157.92     147.63      137.38     130.15     122.70     117.94                           162.00     149.68     138.45     131.88     126.93     122.12     115.12     112.04                            56.83      51.01         51.01
                               01/02      02/03     03/04      04/05   05/06                               06/07   07/08       08/09        09/10                   Average                                                                                                                                                                                                                                                                                                                             1          2005   May    2005.05     181.35     168.66     154.44     145.29      136.16     128.12     123.50     118.29                           160.40     148.30     139.97     132.55     127.27     119.53     115.35     112.29                            57.89      51.87         51.87
               Oct              0.96       0.89      0.84       0.93    0.93                                0.90    0.87        1.08         0.74                      0.94                                                                                                                                                                                                                                                                                                                             1          2005   Jun    2005.06     176.37     166.80     151.74     141.88      133.34     125.30     118.00     113.71                           157.23     148.60     137.00     129.19     121.67     117.08     111.95     108.34                            57.53      51.92         51.92
               Nov              0.96       0.86      0.91       0.96    0.94                                0.88    0.85        0.90         0.72                      0.91                                                                                                                                                                                                                                                                                                                             1          2005   Jul    2005.07     175.98     162.56     145.69     134.33      124.18     117.18     111.30     106.66                           142.06     134.93     128.43     122.27     116.18     109.95     106.09     103.23                            53.98      49.44         49.44
               Dec              0.95       0.89      0.94       0.93    0.96                                0.88    0.89        0.95         0.79                      0.92                                                                                                                                                                                                                                                                                                                             1          2005   Aug    2005.08     173.98     161.61     145.49     134.47      124.67     117.78     111.42     108.52                           148.25     140.03     129.43     123.67     117.25     112.60     108.49     105.83                            53.44      48.81         48.81
               Jan              1.00       0.97      0.93       0.99    1.00                                1.01    0.95        1.01         0.97                      0.99                                                                                                                                                                                                                                                                                                                             1          2005   Sep    2005.09     170.83     161.03     147.34     136.97      128.54     121.04     114.77     109.12                           147.17     142.05     132.69     123.58     118.34     112.52     107.82     104.86                            48.39      44.10         44.10
               Feb              1.08       1.02      0.95       1.01    1.15                                1.03    1.04        1.01         1.06                      1.05                                                                                                                                                                                                                                                                                                                             1          2005   Oct    2005.10     169.04     163.56     147.72     137.68      127.24     119.74     113.92     108.13                           138.29     134.56     127.70     121.19     114.56     109.21     104.71     101.76                            43.99      39.27         39.27
               Mar              1.11       1.02      0.96       1.05    1.11                                1.00    1.05        1.02                                   1.04                                                                                                                                                                                                                                                                                                                             1          2005   Nov    2005.11     167.84     159.69     146.98     135.97      126.75     118.86     112.70     107.17                           133.75     128.95     125.88     120.04     113.93     109.04     104.50     100.35                            44.58      39.75         39.75
               Apr              1.09       1.01      1.01       1.05    1.05                                1.04    1.02        1.08                                   1.05                                                                                                                                                                                                                                                                                                                             1          2005   Dec    2005.12     171.00     160.17     144.95     137.84      127.39     121.78     115.06     110.95                           138.20     136.10     129.45     123.72     117.88     113.57     108.57     105.57                            45.71      40.74         40.74
               May              1.06       1.02      1.04       1.07    1.01                                1.07    1.07        1.08                                   1.06                                                                                                                                                                                                                                                                                                                             1          2006   Jan    2006.01     182.80     172.78     161.78     148.81      139.61     131.28     123.22     118.24                           172.50     145.00     140.87     133.21     128.03     121.70     115.39     110.62                            47.27      42.57         42.57
               Jun              1.02       1.06      1.07       1.07    0.97                                1.04    1.07        0.98                                   1.03                                                                                                                                                                                                                                                                                                                             1          2006   Feb    2006.02     189.47     182.33     166.46     156.30      140.66     134.75     125.25     120.04                           163.75     149.00     142.89     135.66     128.02     122.89     115.64     111.00                            53.53      48.81         48.81
               Jul              0.96       1.11      1.15       1.02    0.96                                1.08    1.08        0.99                                   1.03                                                                                                                                                                                                                                                                                                                             1          2006   Mar    2006.03     183.60     171.75     159.75     149.62      136.50     128.10     119.66     115.78                           168.50     143.70     138.35     131.82     124.18     119.74     113.96     108.00                            51.28      47.24         47.24
               Aug              0.93       1.09      1.11       1.01    0.96                                1.07    1.08        0.96                                   1.02                                                                                                                                                                                                                                                                                                                             1          2006   Apr    2006.04     169.63     150.57     141.59     134.73      127.54     120.59     113.92     110.08                           148.00     130.34     129.89     124.82     119.44     114.87     109.30     103.94                            49.73      44.75         44.75
               Sep              0.88       1.06      1.09       0.91    0.95                                0.99    1.02        0.92                                   0.96                                                                                                                                                                                                                                                                                                                             1          2006   May    2006.05     162.96     157.07     141.94     132.79      124.64     119.74     113.40     108.98                           140.21     131.10     127.64     122.11     118.64     115.54     108.17     106.97                            47.37      42.91         42.91
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2006   Jun    2006.06     165.71     151.13     140.04     131.88      124.33     118.56     114.13     110.00                           134.80     128.57     129.59     123.23     118.38     113.50     110.29     106.77                            46.09      41.32         41.32
               Average          1.00       1.00       1.00      1.00    1.00                                1.00    1.00        1.00         0.85                      1.00                                                                                                                                                                                                                                                                                                                             1          2006   Jul    2006.07     169.63     155.84     136.95     129.05      123.10     118.55     113.85     110.10                           129.34     127.80     124.65     118.70     116.35     111.45     108.85     105.06                            44.93      40.85         40.85
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2006   Aug    2006.08     169.32     155.03     141.34     133.06      125.40     118.97     114.29     109.93                           147.00     128.20     126.00     120.12     115.63     111.25     107.54     105.45                            45.90      40.87         40.87
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2006   Sep    2006.09     169.75     160.15     149.05     135.79      128.15     121.59     115.11     109.68                           142.36     136.71     130.25     123.02     117.25     110.53     108.36     105.27                            44.61      40.31         40.31
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2006   Oct    2006.10     168.22     157.34     143.12     133.28      122.82     115.69     108.64     103.83                           136.94     127.75     121.97     115.67     110.92     104.18     100.83      98.05                            44.22      39.07         39.07
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2006   Nov    2006.11     161.90     147.80     135.04     122.25      114.46     104.77      98.27      94.34                           136.17     125.07     115.23     106.96     136.47      95.12      89.53      87.25                            43.29      38.34         38.34
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2006   Dec    2006.12     158.13     147.45     134.39     123.78      115.03     106.14      98.28      94.60                           135.92     125.93     116.06     107.38     100.33      94.32      91.26      88.08                            44.46      38.38         38.38
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2007   Jan    2007.01     146.88     141.50     132.48     122.85      115.25     108.00     101.79      98.40                           135.75     129.60     116.10     109.08     101.20      99.08      96.00      94.00                            48.61      43.92         43.92
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2007   Feb    2007.02     158.13     145.82     135.53     128.50      121.59     114.57     109.63     102.39                           123.50     124.09     117.50     112.92     107.69     102.00      99.14      93.36                            50.45      44.60         44.60
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2007   Mar    2007.03     163.25     151.45     144.58     134.62      128.49     122.44     116.12     111.92                           133.84     134.20     122.00     116.52     113.73     108.61     104.97     101.65                            47.75      43.18         43.18
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2007   Apr    2007.04     170.17     157.28     146.83     136.67      128.79     122.57     116.21     110.89                           149.75     135.25     124.41     119.25     115.75     111.94     108.75     105.84                            50.14      45.18         45.18
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2007   May    2007.05     170.72     156.41     143.64     131.85      123.97     117.45     113.39     106.70                           140.88     128.96     124.43     118.64     113.43     108.47     105.50     101.40                            51.84      46.53         46.53
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2007   Jun    2007.06     164.57     151.67     133.23     123.38      116.65     112.83     108.04     104.08                           127.88     120.86     117.50     111.42     108.50     104.41     101.64      98.19                            49.72      45.00         45.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2007   Jul    2007.07     168.35     161.50     144.50     130.70      124.41     117.42     113.60     109.50                           124.25     129.07     123.64     117.80     113.71     109.13     106.83     103.25                            52.20      47.04         47.04
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2007   Aug    2007.08     175.75     160.63     146.54     134.45      125.54     117.57     112.88     109.80                           142.50     129.19     122.07     116.36     112.80     109.75     107.18     105.73                            52.34      46.57         46.57
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2007   Sep    2007.09     171.15     151.00     140.67     131.50      122.35     117.07     111.37     107.73                           130.83     125.25     121.30     114.77     110.07     106.50     104.32     101.12                            48.11      42.74         42.74
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2007   Oct    2007.10     154.55     139.00     132.55     123.82      115.96     108.67     103.77      99.41                           135.26     118.86     112.33     106.71     102.14      98.14      96.00      93.11                            45.70      40.09         40.09
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2007   Nov    2007.11     153.63     133.88     126.00     119.13      111.18     104.85     101.10      96.25                           124.17     113.50     113.38     101.79      96.85      92.93      90.40      87.80                            45.01      39.41         39.41
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2007   Dec    2007.12     145.70     140.54     134.20     122.70      116.67     109.87     103.85      99.17                           131.13     116.13     113.10     107.36     102.15      97.46      96.17      96.22                            46.71      40.98         40.98
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2008   Jan    2008.01     140.46     133.53     121.48     119.57      109.46     105.80      99.92      97.17                           121.92     115.17     103.70     101.03      96.05      95.04      90.96      90.05                            49.32      43.72         43.72
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2008   Feb    2008.02     148.75     136.72     130.95     126.81      120.35     114.32     111.20     107.34                           124.60     115.13     112.76     110.25     108.25     105.91     101.91      99.93                            54.83      48.13         48.13
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2008   Mar    2008.03     153.25     131.15     123.55     117.33      112.48     108.32     104.00     100.50                           123.13     116.07     108.72     107.00     102.54     100.08      96.68      95.58                            53.42      48.42         48.42
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2008   Apr    2008.04     125.00     121.67     117.91     114.16      106.34     103.93     101.54      97.54      94.72      91.72     121.75     107.00     102.13     100.15      97.90      95.81      93.67      92.16      92.30      87.38      53.13      47.26         47.26
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2008   May    2008.05     149.25     131.09     123.23     117.75      113.04     109.25     105.46     103.00     101.00      97.95     123.75     111.33     108.75     103.95     104.50     100.96      99.14      96.69      94.22      91.25      55.51      49.25         49.25
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2008   Jun    2008.06     132.59     121.07     111.78     109.75      104.75     101.92      99.96      97.50      97.91      94.35     115.38     104.15     103.27      98.71      97.13      94.71      93.17      91.25      91.67      91.22      55.21      49.60         49.60
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2008   Jul    2008.07     135.75     130.13     119.88     112.58      107.69     102.17     101.32     100.39      98.96      98.78     117.25     108.75     102.78      98.78      97.20      92.36      91.42      90.54      89.84      88.75      56.43      50.07         50.07
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2008   Aug    2008.08     158.88     134.80     123.13     118.27      110.73     105.64     104.13     102.00     101.55     100.32     117.50     108.50     103.22     100.82      97.39      94.29      94.50      95.67      92.95      93.90      57.17      49.97         49.97
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2008   Sep    2008.09     147.67     131.70     122.40     114.28      108.39     101.42      98.55      94.95      93.57      92.18     115.00     112.17     103.86      98.25      94.18      90.50      88.70      87.22      86.17      83.92      52.90      47.25         47.25
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2008   Oct    2008.10     140.34     122.50     112.13     106.16       99.65      94.07      88.63      85.50      82.74      80.43     102.83      98.57      93.14      88.79      84.60      82.65      80.82      79.15      77.15      74.78      48.80      43.02         43.02
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2008   Nov    2008.11     124.00     112.44     113.65     107.60       98.00      92.50      86.60      83.65      80.30      78.38     103.00      97.00      92.72      87.50      81.73      79.27      79.25      76.95      75.61      75.63      42.08      35.84         35.84
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2008   Dec    2008.12     129.08     113.80     109.34     103.56       95.70      88.56      84.41      81.61      78.14      77.50      98.50      90.25      85.22      82.28      79.68      77.59      76.15      74.39      72.86      71.38      43.55      37.89         37.89
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2009   Jan    2009.01     125.00     120.78     116.84     110.13      105.09     101.55      96.85      93.00      87.59      86.25     110.00      95.00      95.00      92.13      88.82      88.05      85.70      81.88      81.25      80.50      45.83      40.27         40.27
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2009   Feb    2009.02     130.32     114.25     109.32     104.87      102.54      97.64      91.73      87.55      87.00      86.50     109.87      97.34      92.34      88.40      86.77      83.21      81.38      80.50      79.61      78.42      46.01      40.23         40.23
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2009   Mar    2009.03     128.13     111.50     109.87     105.05      102.37      98.13      91.23      90.75      86.61      86.30     103.50     100.67      97.73      92.23      89.57      86.55      86.45      82.50      82.18      79.67      45.24      40.32         40.32
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2009   Apr    2009.04     133.70     122.80     115.86     112.87      108.41     105.75     101.05      98.41      95.30      92.82     120.67     106.38      98.11      96.40      91.40      92.95      91.14      87.84      85.94      82.38      49.13      43.04         43.04
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2009   May    2009.05     126.43     118.95     115.75     111.83      103.92     104.25     100.64      98.64      96.18      94.92     114.00     106.69     101.54      98.42      95.38      93.67      91.50      89.91      86.41      84.50      49.46      42.84         42.84
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2009   Jun    2009.06     120.75     120.70     117.80     110.88      103.38      99.21      96.00      93.82      90.90      89.45     118.50      98.50      99.10      94.60      90.91      88.73      87.64      85.85      83.67      81.70      44.69      38.94         38.94
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2009   Jul    2009.07     124.25     114.63     111.30     107.59      103.17      99.83      96.29      94.18      92.50      90.46     113.55      97.79      96.25      93.04      90.05      88.32      85.75      85.91      85.07      83.07      45.17      39.21         39.21
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2009   Aug    2009.08     120.59     117.10     112.46     106.35      103.31      99.12      96.59      93.89      93.78      91.75     108.59      98.57      97.04      94.58      90.81      88.19      86.54      86.27      84.61      87.67      43.56      38.18         38.18
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2009   Sep    2009.09     115.09     113.39     107.32     103.00       98.64      95.29      93.50      90.22      87.64      86.55     108.82      96.42      93.48      90.61      85.97      84.61      82.57      81.34      81.05      83.10      42.09      36.68         36.68
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2009   Oct    2009.10     122.38     112.32     108.92     104.25       99.42      93.84      89.54      84.92      82.54      81.15     101.08      93.35      90.50      87.87      85.04      80.42      78.54      76.98      75.30      76.25      41.82      36.54         36.54
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2009   Nov    2009.11     123.29     118.10     111.60     105.80      100.70      96.45      89.56      84.93      81.56      80.83     107.50      94.60      91.30      87.35      84.90      80.45      77.60      76.35      74.45      73.50      40.78      35.61         35.61
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2009   Dec    2009.12     126.25     121.94     116.82     109.19      103.32      96.69      90.76      87.26      83.63      83.25     108.84      99.09      97.19      94.32      90.25      84.69      80.44      78.07      76.36      75.00      44.25      39.10         39.10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2010   Jan    2010.01     126.65     121.88     116.05     110.54      105.46     100.46      96.96      92.95      88.94      86.50     112.75     104.25      95.00      92.75      90.50      87.42      84.64      81.69      83.13      83.13      47.88      42.65         42.65
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2010   Feb    2010.02     131.50     128.27     120.00     115.38      109.13     106.38     102.59     100.69      97.06      95.36     120.00     106.17     101.91      99.95      96.55      93.60      90.55      88.32      88.38      85.50      52.57      46.21         46.21
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2010   Mar    2010.03     143.88     132.23     129.02     123.47      120.47     116.07     110.62     107.52     105.06     102.70     122.34     112.11     109.47     106.77     105.30     102.64      99.61      96.73      94.36      93.40      52.73      46.57         46.57
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2010   Apr    2010.04     150.42     138.27     135.00     129.36      126.50     120.50     115.23     111.18     107.89     106.50     131.00     118.53     117.04     117.46     113.88     110.59     104.73     103.05     100.12      97.92      55.88      50.02         50.02
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2010   May    2010.05     147.50     132.50     128.19     126.05      119.14     113.41     110.82     106.85     105.45     104.63     124.80     115.55     112.09     111.46     108.18     105.27     101.18      99.15      97.94      97.67      55.98      49.88         49.88
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2010   Jun    2010.06     135.79     129.81     125.41     120.82       116.1      109.8      105.6     104.85     101.59     103.84     121.45     116.25     112.43     109.69     105.84     103.58     100.35      99.17      97.25      97.00      55.69      49.69         49.69
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2010   Jul    2010.07     148.94    140.085    134.195    129.615    122.695    115.815    109.885      107.25     102.85     105.75     128.42     119.40     115.00     111.31     109.13     106.39     103.32     101.45      97.53      98.00      55.73      50.10         50.10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1          2010   Aug    2010.08     153.17     143.57     133.94     126.69     118.29     113.57     108.51      105.36     103.67     101.93     131.75     120.41     114.53     112.31     108.25     104.97     100.60      97.93      97.78      96.63      57.22      50.69         50.69
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        0          2010   Sep    2010.09
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        0          2010   Oct    2010.10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        0          2010   Nov    2010.11
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        0          2010   Dec    2010.12
Historical VOG for 3 to 5 cwt heifers (over 4 months)                                                                                                                                                                                Historical VOG for 3 to 5 cwt heifers (over 4 months)                                                                                         Historical VOG for 3 to 5 cwt heifers (over 4 months)                                                                                                       Count ========>               113           113           113           113            29            29           111           111            29            29            29            29           113           113           113           113               29             29         111           111               29             29          29            29
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Minimum =======>            37.13        28.45         22.12         17.46         17.64         17.03         39.73         31.46         36.41         36.57         42.59         44.01          44.36        32.25         28.96         22.89          30.21          28.34         45.33         35.82          42.93          34.74         47.41         46.40
                                  2001        2002       2003         2004          2005     2006                2007                    2008     2009       2010     9-yr avg    5-yr avg     +Std    -Std    Min      Max               2001         2002          2003         2004         2005       2006   2007     2008    2009       2010   9-yr avg     St Dev LR               2001          2002          2003          2004          2005      2006    2007    2008    2009         2010    5-yr avg     St Dev SR                 Maximum =======>           126.35       118.78        114.01        112.30        112.76        120.10        109.86        105.41        104.18        107.32        104.29        102.20         125.93       118.50        119.33        121.08         119.35         121.56        105.40        110.09         108.93         105.64         96.37        100.37
Jan                                          63.07       61.64       70.39          77.69    96.93               57.05                  58.90    74.55      80.00        62.25       71.86    88.64   35.85    0.00    96.93   Jan         0.00       63.07         61.64        70.39        77.69      96.93   57.05   58.90   74.55          .        62.25       26.39   Jan                 .             .             .             .              96.93   57.05   58.90   74.55   .                  71.86       18.46                 Average ========>           79.54        70.54         63.12         59.08         66.09         68.49         72.15         65.91         69.13         68.63         72.19         71.68          78.50        73.53         68.31         65.43          71.19          71.68         73.36         69.99          72.67          68.00         71.93         72.93
Feb                                          71.87       62.99       66.84          93.89   100.28               75.00                  84.71    64.37      92.35       68.88       81.09     97.85   39.92    0.00   100.28   Feb        0.00        71.87         62.99        66.84        93.89     100.28   75.00   84.71   64.37          .       68.88       28.96    Feb                 .             .             .             .             100.28   75.00   84.71   64.37   .                 81.09       15.25
Mar                                          53.24       58.04       72.55         102.08    90.72               88.33                  72.05    88.30     107.07       69.48       84.85    100.02   38.94    0.00   102.08   Mar        0.00        53.24         58.04        72.55       102.08      90.72   88.33   72.05   88.30          .       69.48       30.54    Mar                 .             .             .             .              90.72   88.33   72.05   88.30   .                 84.85        8.61
Apr                                          45.05       56.06       80.84          99.02    61.95               97.73                  78.62    85.35     118.50       67.18       80.91     98.30   36.06    0.00    99.02   Apr        0.00        45.05         56.06        80.84        99.02      61.95   97.73   78.62   85.35          .       67.18       31.12    Apr                 .             .             .             .              61.95   97.73   78.62   85.35   .                 80.91       14.92                  Pick Series to Use                0             0             0             0             0             0             0             0             0             0             0             0             0             0             1             0             0              0              0             0             0              0              0             0
May                                          35.54       56.08       89.78          92.21    56.10               87.50                  78.71    90.25     104.15       65.13       78.14     96.63   33.63    0.00    92.21   May        0.00        35.54         56.08        89.78        92.21      56.10   87.50   78.71   90.25          .       65.13       31.50    May   .             .             .             .             .              56.10   87.50   78.71   90.25   .                 78.14       15.50                  Cattle                                2.5 (over cwt3 to 5 cwt steers (over cwt4 to 6 cwt steers (over cwt2 to 5 cwt steers (over cwt3 to 6 cwt steers (over cwt2 to 6 cwt steers (over cwt2 to 4 cwt heifers (over cwt3 to 5 (over3.5 (over 4 months) (over 4 months)cwt heifers (over 4 months) 6 months) (over 6 months)cwt heifers (over 6 months) 8 months)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   steers
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       2 to 4 cwt steers to 4.5 4 months) (over 3.5 to 5.5 4 months) (over 4.5 to 6.5 4 months) (over 2.5 to 5.5 6 months) (over 3.5 to 6.5 6 months) (over 2.5 to 6.5 8 months) (over 8 months) 4 months)cwt heifersto 5.5 cwt4 to 6 cwt heifers (over 4 months) cwt heifersto 5.5 cwt3 to 6 cwt heifers (over 6 months) cwt heifersto 6.5 cwt heifers (over 8 months)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                4 months) steers           4 months) steers           4 months) steers           6 months) steers           6 months) steers            2.5 to 4.5   heifers      4 months) heifers           4.5 to 6.5    2 to 5       2.5 (over     heifers        3.5 to 6.5    2 to 6       2.5 (over
Jun                              52.05       28.96       65.88       95.85          75.14    68.21               71.09                  69.83    72.49      92.92       66.61       70.41     84.73   48.50   28.96    95.85   Jun       52.05        28.96         65.88        95.85        75.14      68.21   71.09   69.83   72.49          .       66.61       18.11    Jun   .             .             .             .             .              68.21   71.09   69.83   72.49   .                 70.41        1.82                  Series                  3 to 5 cwt heifers (over 4 months)
Jul                              47.94       34.72       68.50      100.90          57.55    77.30               80.46                  75.36    67.21      91.21       67.77       75.08     87.13   48.41   34.72   100.90   Jul       47.94        34.72         68.50       100.90        57.55      77.30   80.46   75.36   67.21          .       67.77       19.36    Jul   .             .             .             .             .              77.30   80.46   75.36   67.21   .                 75.08        5.65                  Beginning Weight              200           250           300           350           400           450           200           250           300           350           200           250           200           250           300           350           400            450            200           250           300            350            200           250
Aug                              50.31       41.81       68.86       93.87          61.26    77.39               81.31                  73.13    64.04      91.73       68.00       73.97     83.89   52.10   41.81    93.87   Aug       50.31        41.81         68.86        93.87        61.26      77.39   81.31   73.13   64.04          .       68.00       15.90    Aug   .             .             .             .             .              77.39   81.31   73.13   64.04   .                 73.97        7.41                  Ending Weight                 400           450           500           550           600           650           500           550           600           650           600           650           400           450           500           550           600            650            500           550           600            650            600           650
Sep                              48.84       42.26       72.33       79.99          64.05    76.52               84.55                  66.84    57.78       0.00       65.91       71.42     80.14   51.67   42.26    84.55   Sep       48.84        42.26         72.33        79.99        64.05      76.52   84.55   66.84   57.78          .       65.91       14.23    Sep   .             .             .             .             .              76.52   84.55   66.84   57.78   .                 71.42       11.62                  Months lagged                    4             4             4             4             4             4             6             6             6             6             8             8             4             4             4             4             4              4              6             6             6              6              8             8
Oct                              35.90       39.79       70.28       59.37          69.12    65.10               54.54                  47.88    51.98       0.00       54.88       54.87     67.18   42.59   35.90    70.28   Oct       35.90        39.79         70.28        59.37        69.12      65.10   54.54   47.88   51.98          .       54.88       12.30    Oct   .             .             .             .             .              65.10   54.54   47.88   51.98   .                 54.87        7.35                  Average daily gain            1.64          1.64          1.64          1.64          1.64          1.64          1.64          1.64          1.64          1.64          1.64          1.64          1.64          1.64          1.64          1.64          1.64           1.64           1.64          1.64          1.64           1.64           1.64          1.64
Nov                              37.37       49.27       75.59       61.29          67.11    34.81               42.90                  43.30    48.45       0.00       51.12       42.36     65.05   37.19   34.81    75.59   Nov       37.37        49.27         75.59        61.29        67.11      34.81   42.90   43.30   48.45          .       51.12       13.93    Nov   .             .             .             .             .              34.81   42.90   43.30   48.45   .                 42.36        5.63
Dec                              46.04       53.79       76.97       63.27          72.39    32.76               58.46                  34.59    60.88       0.00       55.46       46.67     70.84   40.08   32.76    76.97   Dec       46.04        53.79         76.97        63.27        72.39      32.76   58.46   34.59   60.88          .       55.46       15.38    Dec   .             .             .             .             .              32.76   58.46   34.59   60.88   .                 46.67       15.06                                          Steers                                                                                                                                                                  Heifers
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Year          Month       Yr-Mo       350-400       450-500       500-550       550-600       600-650       650-700       500-550       550-600       600-650       650-700       600-650       650-700       350-400       450-500       500-550       550-600       600-650        650-700        500-550       550-600       600-650        650-700        600-650       650-700       3 to 5 cwt heifers (over 4 months)
Avg                              45.49       46.61       66.10       77.91          77.62    69.84               73.24                  65.33     68.80     64.83       63.55       69.30                                      Avg       26.54        46.61         66.10        77.91        77.62      69.84   73.24   65.33   68.80       0.00       63.55                Avg       #DIV/0!       #DIV/0!       #DIV/0!       #DIV/0!       #DIV/0!    69.84   73.24   65.33   68.80       #DIV/0!       69.30                       2001   Jan           2001.01
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2001   Feb           2001.02
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2001   Mar           2001.03
Historical Seasonal Index for 3 to 5 cwt heifers (over 4 months)                                                                                                                                                                     Historical Seasonal Index for 3 to 5 cwt heifers (over 4 months)                                                                              Historical Seasonal Index for 3 to 5 cwt heifers (over 4 months)                                                                                     2001   Apr           2001.04   $ 76.02       $ 63.95       $ 57.40       $ 56.92                                                                                                                       $ 69.85       $ 69.13       $ 62.29       $ 61.49
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2001   May           2001.05   $ 69.15       $ 56.70       $ 48.53       $ 44.37                                                                                                                       $ 65.56       $ 59.37       $ 52.04       $ 52.90                                                                                                                           $ 52.04
                                  2001        2002        2003       2004           2005     2006                      2007             2008       2009      2010     9-yr avg    5-yr avg    +Std     -Std    Min      Max               2001         2002         2003          2004         2005      2006    2007    2008    2009        2010   9-yr avg     St Dev LR               2001          2002          2003          2004          2005     2006    2007    2008    2009          2010    5-yr avg     St Dev SR          2001   Jun           2001.06   $ 64.39       $ 54.73       $ 42.65       $ 42.11                                   $ 62.34       $ 58.87                                                               $ 68.07       $ 60.50       $ 52.05       $ 54.26                                     $ 63.30       $ 63.80                                                                 $ 52.05
Jan                                           1.35        0.93        0.90           1.00     1.39                           0.78        0.90      1.08      1.23        0.93        1.04      1.33    0.52    0.00     1.39   Jan        0.00          1.35         0.93         0.90         1.00       1.39    0.78    0.90    1.08   .               0.93         0.40   Jan                 .             .             .             .               1.39    0.78    0.90    1.08   .                  1.04        0.26           2001   Jul           2001.07   $ 59.44       $ 46.83       $ 45.60       $ 45.04                                   $ 59.96       $ 54.52                                                               $ 60.92       $ 53.12       $ 47.94       $ 49.69                                     $ 58.95       $ 56.43                                                                 $ 47.94
Feb                                           1.54        0.95        0.86           1.21     1.44                           1.02        1.30      0.94      1.42        1.03        1.17      1.48    0.58    0.00     1.54   Feb        0.00          1.54         0.95         0.86         1.21       1.44    1.02    1.30    0.94   .               1.03         0.45   Feb                 .             .             .             .               1.44    1.02    1.30    0.94   .                  1.17        0.23           2001   Aug           2001.08   $ 63.94       $ 51.10       $ 46.66       $ 43.34                                   $ 54.32       $ 46.47                                                               $ 60.75       $ 55.29       $ 50.31       $ 51.90                                     $ 58.43       $ 53.27                                                                 $ 50.31
Mar                                           1.14        0.88        0.93           1.32     1.30                           1.21        1.10      1.28      1.65        1.02        1.22      1.43    0.61    0.00     1.32   Mar        0.00          1.14         0.88         0.93         1.32       1.30    1.21    1.10    1.28   .               1.02         0.41   Mar                 .             .             .             .               1.30    1.21    1.10    1.28   .                  1.22        0.09           2001   Sep           2001.09   $ 70.17       $ 56.69       $ 49.94       $ 47.26                                   $ 56.03       $ 48.23                                                               $ 68.61       $ 58.56       $ 48.84       $ 43.08                                     $ 54.73       $ 47.19                                                                 $ 48.84
Apr                                           0.97        0.85        1.04           1.28     0.89                           1.33        1.20      1.24      1.83        0.98        1.17      1.38    0.57    0.00     1.33   Apr        0.00          0.97         0.85         1.04         1.28       0.89    1.33    1.20    1.24   .               0.98         0.41   Apr                 .             .             .             .               0.89    1.33    1.20    1.24   .                  1.17        0.19           2001   Oct           2001.10   $ 62.66       $ 47.75       $ 39.82       $ 32.89                                   $ 50.07       $ 39.38                                                               $ 59.65       $ 47.24       $ 35.90       $ 28.78                                     $ 46.14       $ 37.98                                                                 $ 35.90
May                                           0.76        0.85        1.15           1.19     0.80                           1.19        1.20      1.31      1.61        0.94        1.13      1.35    0.53    0.00     1.31   May        0.00          0.76         0.85         1.15         1.19       0.80    1.19    1.20    1.31   .               0.94         0.41   May   .             .             .             .             .               0.80    1.19    1.20    1.31   .                  1.13        0.22           2001   Nov           2001.11   $ 59.71       $ 46.06       $ 37.61       $ 33.39                                   $ 48.07       $ 39.05                                                               $ 53.09       $ 48.48       $ 37.37       $ 30.08                                     $ 47.43       $ 39.13                                                                 $ 37.37
Jun                               1.14        0.62        1.00        1.23           0.97     0.98                           0.97        1.07      1.05      1.43        1.00        1.02      1.17    0.83    0.62     1.23   Jun        1.14          0.62         1.00         1.23         0.97       0.98    0.97    1.07    1.05   .               1.00         0.17   Jun   .             .             .             .             .               0.98    0.97    1.07    1.05   .                  1.02        0.05           2001   Dec           2001.12   $ 61.99       $ 51.01       $ 41.86       $ 40.76                                   $ 61.18       $ 53.32                                                               $ 62.19       $ 51.79       $ 46.04       $ 48.36                                     $ 60.74       $ 57.23                                                                 $ 46.04
Jul                               1.05        0.74        1.04        1.30           0.74     1.11                           1.10        1.15      0.98      1.41        1.02        1.08      1.20    0.84    0.74     1.30   Jul        1.05          0.74         1.04         1.30         0.74       1.11    1.10    1.15    0.98   .               1.02         0.18   Jul   .             .             .             .             .               1.11    1.10    1.15    0.98   .                  1.08        0.08           2002   Jan           2002.01   $ 80.25       $ 67.27       $ 57.24       $ 54.82                                   $ 63.40       $ 55.07                                                               $ 71.72       $ 67.20       $ 63.07       $ 56.37                                     $ 62.13       $ 57.87                                                                 $ 63.07
Aug                               1.11        0.90        1.04        1.20           0.79     1.11                           1.11        1.12      0.93      1.42        1.03        1.07      1.17    0.90    0.79     1.20   Aug        1.11          0.90         1.04         1.20         0.79       1.11    1.11    1.12    0.93   .               1.03         0.13   Aug   .             .             .             .             .               1.11    1.11    1.12    0.93   .                  1.07        0.09           2002   Feb           2002.02   $ 85.50       $ 75.53       $ 69.85       $ 66.65                                   $ 60.73       $ 53.04                                                               $ 80.38       $ 77.51       $ 71.87       $ 68.16                                     $ 62.87       $ 53.74                                                                 $ 71.87
Sep                               1.07        0.91        1.09        1.03           0.83     1.10                           1.15        1.02      0.84      0.00        1.00        1.03      1.12    0.89    0.83     1.15   Sep        1.07          0.91         1.09         1.03         0.83       1.10    1.15    1.02    0.84   .               1.00         0.12   Sep   .             .             .             .             .               1.10    1.15    1.02    0.84   .                  1.03        0.14           2002   Mar           2002.03   $ 75.00       $ 60.15       $ 50.98       $ 46.09                                   $ 65.17       $ 57.85                                                               $ 67.57       $ 56.72       $ 53.24       $ 46.06                                     $ 63.32       $ 57.18                                                                 $ 53.24
Oct                               0.79        0.85        1.06        0.76           0.89     0.93                           0.74        0.73      0.76      0.00        0.84        0.79      0.95    0.73    0.73     1.06   Oct        0.79          0.85         1.06         0.76         0.89       0.93    0.74    0.73    0.76   .               0.84         0.11   Oct   .             .             .             .             .               0.93    0.74    0.73    0.76   .                  0.79        0.09           2002   Apr           2002.04   $ 56.39       $ 41.17       $ 33.55       $ 22.79                                   $ 58.39       $ 48.30                                                               $ 56.33       $ 46.35       $ 45.05       $ 37.83                                     $ 61.07       $ 55.81                                                                 $ 45.05
Nov                               0.82        1.06        1.14        0.79           0.86     0.50                           0.59        0.66      0.70      0.00        0.79        0.61      1.00    0.58    0.50     1.14   Nov        0.82          1.06         1.14         0.79         0.86       0.50    0.59    0.66    0.70   .               0.79         0.21   Nov   .             .             .             .             .               0.50    0.59    0.66    0.70   .                  0.61        0.09           2002   May           2002.05   $ 51.03       $ 37.83       $ 31.79       $ 18.84                                   $ 48.48       $ 36.52                                                               $ 54.17       $ 40.75       $ 35.54       $ 28.94                                     $ 53.94       $ 44.37                                                                 $ 35.54
Dec                               1.01        1.15        1.16        0.81           0.93     0.47                           0.80        0.53      0.88      0.00        0.86        0.67      1.11    0.62    0.47     1.16   Dec        1.01          1.15         1.16         0.81         0.93       0.47    0.80    0.53    0.88   .               0.86         0.24   Dec   .             .             .             .             .               0.47    0.80    0.53    0.88   .                  0.67        0.20           2002   Jun           2002.06   $ 38.73       $ 28.45       $ 23.35       $ 17.46                                   $ 41.66       $ 32.05                                                               $ 48.71       $ 32.25       $ 28.96       $ 22.89                                     $ 46.08       $ 35.82                                                                 $ 28.96
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2002   Jul           2002.07   $ 51.17       $ 39.34       $ 35.02       $ 25.76                                   $ 43.81       $ 32.03                                                               $ 55.42       $ 49.45       $ 34.72       $ 34.37                                     $ 46.69       $ 37.77                                                                 $ 34.72
Avg                               1.00        1.00        1.00        1.00           1.00     1.00                           1.00        1.00      1.00      1.00        0.95        1.00                                      Avg        0.58          1.00         1.00         1.00         1.00       1.00    1.00    1.00    1.00       0.00        0.95                Avg       #DIV/0!       #DIV/0!       #DIV/0!       #DIV/0!       #DIV/0!     1.00    1.00    1.00    1.00       #DIV/0!        1.00                       2002   Aug           2002.08   $ 56.09       $ 47.31       $ 41.40       $ 35.76                                   $ 39.73       $ 31.46                                                               $ 50.28       $ 44.42       $ 41.81       $ 42.33                                     $ 45.33       $ 36.67                                                                 $ 41.81
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2002   Sep           2002.09   $ 53.59       $ 42.65       $ 40.81       $ 35.05                                   $ 42.96       $ 36.09                                                               $ 47.53       $ 43.98       $ 42.26       $ 41.57                                     $ 46.27       $ 42.95                                                                 $ 42.26
Years to include in averages (enter a "1" to include or a "0" to exclude)                                                                                                                                                                                                                                                                                                                                                                                                                                                               2002   Oct           2002.10   $ 65.13       $ 52.64       $ 42.15       $ 38.51                                   $ 50.70       $ 45.31                                                               $ 56.43       $ 48.59       $ 39.79       $ 36.58                                     $ 48.63       $ 44.03                                                                 $ 39.79
Title                             2001        2002        2003       2004           2005     2006                      2007             2008       2009      2010           Years included                                                                                                                                                                                                                                                                                                                                              2002   Nov           2002.11   $ 70.05       $ 57.47       $ 43.31       $ 36.89                                   $ 54.57       $ 45.99                                                               $ 58.80       $ 49.06       $ 49.27       $ 45.19                                     $ 49.26       $ 44.11                                                                 $ 49.27
9-yr avg                             1           1           1           1             1        1                                 1        1          1        na                    9                                                                                                                                                                                                                                                                                                                                                  2002   Dec           2002.12   $ 76.06       $ 64.28       $ 54.10       $ 50.46                                   $ 58.51       $ 51.28                                                               $ 62.44       $ 57.86       $ 53.79       $ 52.56                                     $ 54.80       $ 50.11                                                                 $ 53.79
5-yr avg                             0           0           0           0             0        1                                 1        1          1        na                    4                                                                                                                                                                                                                                                                                                                                                  2003   Jan           2003.01   $ 81.38       $ 69.24       $ 54.88       $ 50.74                                   $ 62.73       $ 54.58                                                               $ 68.14       $ 67.64       $ 61.64       $ 59.01                                     $ 60.70       $ 56.71                                                                 $ 61.64
                                                                                                           Historical Seasonal Index for 3 to 5 cwt heifers (over 4 months)                                                                                                                                                                                                                                                                                                                                                             2003   Feb           2003.02   $ 77.04       $ 63.50       $ 52.45       $ 47.48                                   $ 66.74       $ 59.73                                                               $ 65.36       $ 64.03       $ 62.99       $ 57.54                                     $ 65.73       $ 60.26                                                                 $ 62.99
                           Historical VOG for 3 to 5 cwt heifers (over 4 months)
9-yr avg                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                2003   Mar           2003.03   $ 69.44       $ 62.60       $ 51.92       $ 44.11                                   $ 64.68       $ 55.77                                                               $ 65.50       $ 62.37       $ 58.04       $ 53.73                                     $ 60.28       $ 57.68                                                                 $ 58.04
                       $120.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2003   Apr           2003.04   $ 72.23       $ 62.08       $ 54.45       $ 43.64                                   $ 65.61       $ 56.22                                                               $ 62.95       $ 58.83       $ 56.06       $ 52.62                                     $ 60.73       $ 56.96                                                                 $ 56.06
                                                                                                                                 1.30                                                                                                                                                                                                                                                                                                                                                                                                   2003   May           2003.05   $ 62.28       $ 55.00       $ 49.31       $ 46.55                                   $ 61.35       $ 54.73                                                               $ 68.32       $ 61.77       $ 56.08       $ 51.20                                     $ 62.55       $ 58.33                                                                 $ 56.08
                       $100.00
                                                                                                     Percent of Annual Average




                                                                                                                                 1.20                                                                                                                                                                                                                                                                                                                                                                                                   2003   Jun           2003.06   $ 74.64       $ 69.62       $ 60.53       $ 55.41                                   $ 64.24       $ 57.47                                                               $ 64.37       $ 65.98       $ 65.88       $ 60.14                                     $ 63.73       $ 58.86                                                                 $ 65.88
Value of Gain, $/cwt




                        $80.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          2003   Jul           2003.07   $ 80.69       $ 70.81       $ 66.30       $ 56.00                                   $ 66.85       $ 59.89                                                               $ 76.15       $ 69.87       $ 68.50       $ 65.54                                     $ 70.35       $ 65.64                                                                 $ 68.50
                                                                                                                                 1.10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2003   Aug           2003.08   $ 76.46       $ 69.76       $ 68.69       $ 62.03                                   $ 70.31       $ 64.06                                                               $ 75.98       $ 70.01       $ 68.86       $ 66.43                                     $ 66.52       $ 66.90                                                                 $ 68.86
                        $60.00                                                                                                   1.00                                                                                                                                                                                                                                                                                                                                                                                                   2003   Sep           2003.09   $ 83.27       $ 77.22       $ 66.49       $ 62.31                                   $ 74.35       $ 69.39                                                               $ 82.44       $ 78.06       $ 72.33       $ 69.27                                     $ 73.50       $ 69.73                                                                 $ 72.33
                                                                                                                                 0.90                                                                                                                                                                                                                                                                                                                                                                                                   2003   Oct           2003.10   $ 87.48       $ 79.19       $ 71.42       $ 65.85                                   $ 79.38       $ 73.68                                                               $ 80.91       $ 74.75       $ 70.28       $ 66.29                                     $ 76.31       $ 71.87                                                                 $ 70.28
                        $40.00                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          2003   Nov           2003.11   $ 91.90       $ 82.41       $ 69.82       $ 64.87                                   $ 76.38       $ 70.62                                                               $ 92.77       $ 85.06       $ 75.59       $ 71.24                                     $ 79.66       $ 74.99                                                                 $ 75.59
                                                                                                                                 0.80
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2003   Dec           2003.12   $ 99.36       $ 86.00       $ 77.80       $ 72.52                                   $ 83.51       $ 78.52                                                               $ 88.95       $ 82.08       $ 76.97       $ 73.59                                     $ 79.30       $ 75.41                                                                 $ 76.97
                        $20.00                                                                                                   0.70
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2004   Jan           2004.01   $ 82.96       $ 74.75       $ 62.15       $ 58.06                                   $ 77.57       $ 72.54                                                               $ 83.76       $ 78.47       $ 70.39       $ 67.74                                     $ 79.73       $ 75.65                                                                 $ 70.39
                                                                                                                                 0.60                                                                                                                                                                                                                                                                                                                                                                                                   2004   Feb           2004.02   $ 85.33       $ 75.59       $ 64.98       $ 58.92                                   $ 81.10       $ 73.89                                                               $ 87.03       $ 78.83       $ 66.84       $ 62.42                                     $ 78.58       $ 72.74                                                                 $ 66.84
                           $-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2004   Mar           2004.03   $ 95.85       $ 85.37       $ 72.39       $ 69.56                                   $ 82.88       $ 77.47                                                               $ 91.17       $ 78.54       $ 72.55       $ 69.79                                     $ 81.85       $ 77.24                                                                 $ 72.55
                                                                                                                                                9-yr avg   5-yr avg                                                                                                                                                                                                                                                                                                                                                                     2004   Apr           2004.04   $ 98.90       $ 96.18       $ 81.76       $ 78.09                                   $ 85.28       $ 80.26                                                               $ 93.61       $ 88.03       $ 80.84       $ 74.06                                     $ 86.27       $ 79.34                                                                 $ 80.84
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2004   May           2004.05   $ 98.69       $ 93.62       $ 86.70       $ 83.37                                   $ 89.50       $ 84.18                                                               $ 105.71      $ 91.99       $ 89.78       $ 87.62                                     $ 93.11       $ 86.51                                                                 $ 89.78
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2004   Jun           2004.06   $ 108.00      $ 100.58      $ 89.57       $ 82.81                                   $ 98.55       $ 94.72                                                               $ 104.73      $ 98.81       $ 95.85       $ 95.16                                     $ 98.94       $ 96.44                                                                 $ 95.85
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2004   Jul           2004.07   $ 109.70      $ 103.38      $ 95.60       $ 94.53                                   $ 98.90       $ 98.33                                                               $ 111.05      $ 107.96      $ 100.90      $ 100.93                                    $ 105.40      $ 97.33                                                                 $ 100.90
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2004   Aug           2004.08   $ 107.06      $ 98.93       $ 90.37       $ 89.26                                   $ 101.34      $ 98.84                                                               $ 104.16      $ 99.61       $ 93.87       $ 92.84                                     $ 100.30      $ 97.30                                                                 $ 93.87
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2004   Sep           2004.09   $ 97.40       $ 88.00       $ 73.54       $ 68.37                                   $ 89.23       $ 83.72                                                               $ 94.78       $ 85.93       $ 79.99       $ 72.96                                     $ 91.64       $ 86.77                                                                 $ 79.99
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2004   Oct           2004.10   $ 78.58       $ 66.61       $ 58.62       $ 54.27                                   $ 84.60       $ 78.34                                                               $ 77.37       $ 64.41       $ 59.37       $ 52.51                                     $ 82.56       $ 75.35                                                                 $ 59.37
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2004   Nov           2004.11   $ 73.63       $ 62.56       $ 49.60       $ 45.28                                   $ 81.96       $ 72.77                                                               $ 76.91       $ 70.52       $ 61.29       $ 52.14                                     $ 82.28       $ 72.52                                                                 $ 61.29
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2004   Dec           2004.12   $ 81.61       $ 71.42       $ 54.69       $ 50.33                                   $ 70.32       $ 62.50                                                               $ 79.58       $ 73.86       $ 63.27       $ 63.31                                     $ 73.71       $ 70.36                                                                 $ 63.27
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2005   Jan           2005.01   $ 97.50       $ 85.59       $ 73.03       $ 69.56                                   $ 73.00       $ 66.18                                                               $ 92.54       $ 83.80       $ 77.69       $ 70.63                                     $ 76.56       $ 67.94                                                                 $ 77.69
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2005   Feb           2005.02   $ 104.99      $ 95.37       $ 86.84       $ 79.27                                   $ 89.19       $ 78.57                                                               $ 103.75      $ 99.13       $ 93.89       $ 86.27                                     $ 91.30       $ 82.78                                                                 $ 93.89
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2005   Mar           2005.03   $ 114.94      $ 108.53      $ 97.32       $ 92.55                                   $ 101.32      $ 91.15                                                               $ 119.46      $ 112.61      $ 102.08      $ 94.32                                     $ 98.67       $ 91.77                                                                 $ 102.08
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2005   Apr           2005.04   $ 117.43      $ 106.45      $ 93.50       $ 88.66                                   $ 98.68       $ 90.75                                                               $ 117.21      $ 113.24      $ 99.02       $ 98.20                                     $ 97.69       $ 94.87                                                                 $ 99.02
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2005   May           2005.05   $ 107.15      $ 95.06       $ 86.71       $ 82.44                                   $ 102.36      $ 95.39                                                               $ 113.93      $ 102.36      $ 92.21       $ 89.32                                     $ 102.42      $ 99.29                                                                 $ 92.21
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2005   Jun           2005.06   $ 90.08       $ 79.54       $ 65.04       $ 58.95                                   $ 91.79       $ 84.22                                                               $ 90.34       $ 82.65       $ 75.14       $ 68.88                                     $ 95.47       $ 90.94                                                                 $ 75.14
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2005   Jul           2005.07   $ 65.20       $ 50.79       $ 41.38       $ 34.95                                   $ 75.38       $ 66.73                                                               $ 70.35       $ 60.29       $ 57.55       $ 53.09                                     $ 83.08       $ 78.21                                                                 $ 57.55
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2005   Aug           2005.08   $ 67.99       $ 54.19       $ 46.89       $ 44.17                                   $ 67.96       $ 64.02                                                               $ 74.10       $ 67.98       $ 61.26       $ 59.07                                     $ 78.81       $ 73.51                                                                 $ 61.26
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2005   Sep           2005.09   $ 80.71       $ 63.84       $ 59.32       $ 51.78                                   $ 69.18       $ 58.14                                                               $ 79.46       $ 67.41       $ 64.05       $ 62.27                                     $ 71.70       $ 67.50                                                                 $ 64.05
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2005   Oct           2005.10   $ 78.49       $ 66.21       $ 66.25       $ 62.28                                   $ 68.96       $ 57.69                                                               $ 87.07       $ 77.06       $ 69.12       $ 65.86                                     $ 67.58       $ 62.97                                                                 $ 69.12
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2005   Nov           2005.11   $ 79.53       $ 65.42       $ 63.52       $ 59.38                                   $ 70.26       $ 57.47                                                               $ 79.61       $ 70.30       $ 67.11       $ 59.55                                     $ 69.35       $ 60.14                                                                 $ 67.11
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2005   Dec           2005.12   $ 83.95       $ 72.72       $ 66.63       $ 65.41                                   $ 74.44       $ 67.94                                                               $ 88.59       $ 77.96       $ 72.39       $ 74.04                                     $ 86.24       $ 81.10                                                                 $ 72.39
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2006   Jan           2006.01   $ 110.19      $ 90.93       $ 86.47       $ 84.22                                   $ 89.38       $ 82.10                                                               $ 117.78      $ 105.62      $ 96.93       $ 92.12                                     $ 93.48       $ 86.12                                                                 $ 96.93
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2006   Feb           2006.02   $ 113.49      $ 103.58      $ 92.66       $ 92.17                                   $ 94.86       $ 85.89                                                               $ 122.29      $ 115.32      $ 100.28      $ 95.18                                     $ 94.62       $ 85.13                                                                 $ 100.28
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2006   Mar           2006.03   $ 102.00      $ 88.02       $ 81.73       $ 77.17                                   $ 86.74       $ 75.96                                                               $ 110.16      $ 99.28       $ 90.72       $ 80.49                                     $ 97.74       $ 85.87                                                                 $ 90.72
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2006   Apr           2006.04   $ 72.29       $ 55.35       $ 42.13       $ 42.30                                   $ 77.98       $ 68.73                                                               $ 66.37       $ 77.20       $ 61.95       $ 52.73                                     $ 93.00       $ 83.10                                                                 $ 61.95
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2006   May           2006.05   $ 59.81       $ 41.49       $ 33.82       $ 26.18                                   $ 75.00       $ 66.33                                                               $ 73.53       $ 73.70       $ 56.10       $ 56.76                                     $ 88.15       $ 82.69                                                                 $ 56.10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2006   Jun           2006.06   $ 65.06       $ 52.07       $ 45.69       $ 40.67                                   $ 68.35       $ 57.69                                                               $ 68.25       $ 75.75       $ 68.21       $ 62.93                                     $ 68.82       $ 74.91                                                                 $ 68.21
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2006   Jul           2006.07   $ 76.58       $ 78.53       $ 72.25       $ 67.00                                   $ 63.44       $ 49.91                                                               $ 84.70       $ 87.84       $ 77.30       $ 70.48                                     $ 72.25       $ 68.43                                                                 $ 77.30
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2006   Aug           2006.08   $ 87.84       $ 71.33       $ 72.81       $ 69.92                                   $ 68.08       $ 58.40                                                               $ 91.04       $ 86.44       $ 77.39       $ 76.30                                     $ 66.89       $ 73.58                                                                 $ 77.39
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2006   Sep           2006.09   $ 90.59       $ 84.67       $ 77.70       $ 70.84                                   $ 78.76       $ 75.61                                                               $ 99.71       $ 87.98       $ 76.52       $ 73.83                                     $ 81.93       $ 84.37                                                                 $ 76.52
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2006   Oct           2006.10   $ 76.01       $ 65.51       $ 66.18       $ 59.68                                   $ 72.43       $ 59.45                                                               $ 92.50       $ 74.66       $ 65.10       $ 61.91                                     $ 74.58       $ 70.51                                                                 $ 65.10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2006   Nov           2006.11   $ 59.61       $ 41.94       $ 33.67       $ 26.58                                   $ 53.31       $ 47.01                                                               $ 125.93      $ 53.76       $ 34.81       $ 29.74                                     $ 59.35       $ 52.82                                                                 $ 34.81
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2006   Dec           2006.12   $ 60.30       $ 38.62       $ 22.12       $ 22.53                                   $ 50.71       $ 43.57                                                               $ 58.30       $ 41.33       $ 32.76       $ 26.93                                     $ 65.87       $ 54.97                                                                 $ 32.76
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2007   Jan           2007.01   $ 62.28       $ 46.33       $ 39.80       $ 37.36                                   $ 56.77       $ 51.21                                                               $ 65.45       $ 63.24       $ 57.05       $ 56.09                                     $ 62.00       $ 65.50                                                                 $ 57.05
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2007   Feb           2007.02   $ 81.28       $ 73.03       $ 71.50       $ 67.62                                   $ 69.54       $ 54.25                                                               $ 79.22       $ 73.16       $ 75.00       $ 69.55                                     $ 70.32       $ 57.23                                                                 $ 75.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2007   Mar           2007.03   $ 98.85       $ 91.17       $ 88.70       $ 91.17                                   $ 81.38       $ 74.07                                                               $ 91.54       $ 86.95       $ 88.33       $ 91.63                                     $ 83.65       $ 79.90                                                                 $ 88.33
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2007   Apr           2007.04   $ 110.71      $ 98.91       $ 91.81       $ 89.97                                   $ 85.75       $ 80.13                                                               $ 95.75       $ 89.87       $ 97.73       $ 100.16                                    $ 90.47       $ 89.81                                                                 $ 97.73
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2007   May           2007.05   $ 89.81       $ 81.99       $ 80.18       $ 68.54                                   $ 83.57       $ 72.73                                                               $ 103.35      $ 88.94       $ 87.50       $ 81.23                                     $ 85.22       $ 80.95                                                                 $ 87.50
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2007   Jun           2007.06   $ 70.05       $ 64.56       $ 53.23       $ 50.63                                   $ 82.14       $ 72.89                                                               $ 83.17       $ 67.16       $ 71.09       $ 66.11                                     $ 78.89       $ 72.02                                                                 $ 71.09
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2007   Jul           2007.07   $ 78.65       $ 67.60       $ 63.76       $ 61.95                                   $ 83.92       $ 79.24                                                               $ 77.66       $ 76.47       $ 80.46       $ 75.25                                     $ 95.72       $ 85.89                                                                 $ 80.46
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2007   Aug           2007.08   $ 80.35       $ 69.02       $ 66.74       $ 71.22                                   $ 79.29       $ 75.09                                                               $ 84.72       $ 85.74       $ 81.31       $ 83.14                                     $ 89.41       $ 82.01                                                                 $ 81.31
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2007   Sep           2007.09   $ 80.12       $ 73.82       $ 78.58       $ 80.35                                   $ 72.17       $ 66.44                                                               $ 92.26       $ 88.56       $ 84.55       $ 83.09                                     $ 74.03       $ 72.67                                                                 $ 84.55
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2007   Oct           2007.10   $ 63.56       $ 42.62       $ 42.66       $ 44.66                                   $ 59.13       $ 51.91                                                               $ 80.03       $ 59.48       $ 54.54       $ 49.90                                     $ 66.08       $ 63.24                                                                 $ 54.54
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2007   Nov           2007.11   $ 46.60       $ 35.12       $ 32.94       $ 29.40                                   $ 58.79       $ 50.07                                                               $ 51.19       $ 47.59       $ 42.90       $ 37.83                                     $ 65.42       $ 60.25                                                                 $ 42.90
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2007   Dec           2007.12   $ 62.19       $ 58.45       $ 48.63       $ 42.58                                   $ 60.85       $ 47.22                                                               $ 73.47       $ 62.71       $ 58.46       $ 63.74                                     $ 77.44       $ 68.84                                                                 $ 58.46
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2008   Jan           2008.01   $ 64.37       $ 64.29       $ 50.98       $ 50.52                                   $ 49.37       $ 44.28                                                               $ 56.84       $ 65.27       $ 58.90       $ 60.88                                     $ 56.59       $ 57.42                                                                 $ 58.90
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2008   Feb           2008.02   $ 87.07       $ 89.87       $ 89.00       $ 86.70                                   $ 71.23       $ 70.95                                                               $ 92.34       $ 96.42       $ 84.71       $ 96.66                                     $ 82.63       $ 78.82                                                                 $ 84.71
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2008   Mar           2008.03   $ 79.26       $ 68.04       $ 58.70       $ 61.65                                   $ 70.30       $ 68.42                                                               $ 73.96       $ 80.01       $ 72.05       $ 74.95                                     $ 70.96       $ 76.17                                                                 $ 72.05
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2008   Apr           2008.04   $ 72.21       $ 66.94       $ 71.64       $ 59.00       $ 65.23       $ 60.04       $ 66.82       $ 67.26       $ 63.43       $ 59.74       $ 56.50       $ 54.66       $ 73.88       $ 71.61       $ 78.62       $ 76.63       $ 84.81        $ 70.13        $ 73.33       $ 74.37       $ 71.22        $ 57.04        $ 73.04       $ 63.70       $ 78.62
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2008   May           2008.05   $ 77.33       $ 74.91       $ 67.21       $ 61.33       $ 62.31       $ 61.11       $ 78.63       $ 71.72       $ 67.80       $ 69.06       $ 74.23       $ 72.29       $ 84.40       $ 83.24       $ 78.71       $ 72.95       $ 66.16        $ 58.27        $ 77.81       $ 80.49       $ 75.34        $ 65.76        $ 73.70       $ 73.99       $ 78.71
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2008   Jun           2008.06   $ 56.25       $ 65.38       $ 64.58       $ 62.80       $ 68.76       $ 62.93       $ 72.96       $ 67.48       $ 74.34       $ 64.93       $ 70.05       $ 69.65       $ 71.13       $ 68.01       $ 69.83       $ 63.69       $ 69.91        $ 71.30        $ 74.00       $ 71.32       $ 79.64        $ 76.67        $ 75.42       $ 77.30       $ 69.83
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2008   Jul           2008.07   $ 90.38       $ 77.79       $ 76.44       $ 76.30       $ 84.20       $ 87.18       $ 69.70       $ 70.12       $ 66.96       $ 66.07       $ 75.58       $ 72.68       $ 72.64       $ 74.06       $ 75.36       $ 73.73       $ 73.73        $ 72.87        $ 69.30       $ 70.05       $ 66.93        $ 60.74        $ 69.20       $ 71.64       $ 75.36
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2008   Aug           2008.08   $ 72.21       $ 73.83       $ 75.47       $ 74.44       $ 78.56       $ 80.21       $ 71.38       $ 77.71       $ 79.54       $ 80.46       $ 82.09       $ 79.56       $ 71.03       $ 72.98       $ 73.13       $ 81.18       $ 69.85        $ 78.01        $ 75.42       $ 78.67       $ 77.18        $ 76.60        $ 78.47       $ 80.60       $ 73.13
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2008   Sep           2008.09   $ 84.20       $ 76.85       $ 78.71       $ 69.05       $ 71.20       $ 70.28       $ 80.92       $ 72.69       $ 69.22       $ 66.54       $ 65.97       $ 64.34       $ 72.99       $ 73.44       $ 66.84       $ 67.10       $ 64.26        $ 59.64        $ 66.67       $ 70.73       $ 70.22        $ 62.67        $ 66.96       $ 64.41       $ 66.84
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2008   Oct           2008.10   $ 63.54       $ 49.00       $ 41.76       $ 38.11       $ 32.83       $ 31.51       $ 48.22       $ 47.51       $ 42.24       $ 36.88       $ 47.48       $ 48.73       $ 51.95       $ 50.01       $ 47.88       $ 44.78       $ 37.06        $ 35.21        $ 52.20       $ 52.32       $ 45.55        $ 35.14        $ 54.16       $ 48.97       $ 47.88
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2008   Nov           2008.11   $ 37.13       $ 39.63       $ 31.81       $ 23.07       $ 19.44       $ 17.03       $ 55.94       $ 52.47       $ 48.83       $ 41.77       $ 57.95       $ 51.32       $ 45.95       $ 42.73       $ 43.30       $ 35.19       $ 32.05        $ 33.64        $ 55.17       $ 54.29       $ 47.95        $ 43.37        $ 52.54       $ 56.02       $ 43.30
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2008   Dec           2008.12   $ 43.74       $ 34.62       $ 27.43       $ 24.44       $ 17.64       $ 23.69       $ 50.18       $ 41.18       $ 36.41       $ 36.57       $ 42.59       $ 44.01       $ 44.36       $ 34.37       $ 34.59       $ 32.62       $ 30.21        $ 28.34        $ 48.75       $ 45.75       $ 42.93        $ 34.74        $ 47.41       $ 46.40       $ 34.59
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2009   Jan           2009.01   $ 69.85       $ 75.35       $ 73.94       $ 69.98       $ 63.47       $ 68.66       $ 55.50       $ 58.17       $ 52.05       $ 48.89       $ 65.09       $ 64.49       $ 74.81       $ 74.90       $ 74.55       $ 69.77       $ 74.55        $ 75.67        $ 64.50       $ 59.69       $ 59.29        $ 54.00        $ 64.19       $ 65.72       $ 74.55
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2009   Feb           2009.02   $ 81.08       $ 79.13       $ 58.84       $ 52.45       $ 65.00       $ 73.00       $ 54.43       $ 50.75       $ 51.60       $ 54.09       $ 62.63       $ 59.23       $ 70.54       $ 65.97       $ 64.37       $ 68.25       $ 75.38        $ 76.51        $ 58.96       $ 54.11       $ 55.36        $ 48.74        $ 60.79       $ 59.46       $ 64.37
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2009   Mar           2009.03   $ 75.66       $ 78.54       $ 64.07       $ 68.34       $ 68.43       $ 81.23       $ 58.49       $ 64.29       $ 61.10       $ 63.14       $ 50.48       $ 55.99       $ 80.64       $ 81.93       $ 88.30       $ 82.89       $ 87.18        $ 84.35        $ 75.53       $ 69.11       $ 71.23        $ 63.96        $ 64.52       $ 61.65       $ 88.30
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2009   Apr           2009.04   $ 91.82       $ 86.97       $ 77.37       $ 77.91       $ 75.72       $ 73.19       $ 85.75       $ 86.72       $ 76.95       $ 75.58       $ 69.12       $ 68.52       $ 72.80       $ 90.39       $ 85.35       $ 80.33       $ 80.18        $ 69.62        $ 83.23       $ 80.21       $ 79.17        $ 70.32        $ 71.41       $ 63.76       $ 85.35
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2009   May           2009.05   $ 77.52       $ 91.75       $ 87.61       $ 87.73       $ 83.46       $ 88.80       $ 81.67       $ 86.00       $ 83.03       $ 84.84       $ 74.10       $ 77.67       $ 80.88       $ 89.08       $ 90.25       $ 92.54       $ 85.69        $ 87.40        $ 86.83       $ 89.62       $ 87.61        $ 83.67        $ 78.20       $ 75.70       $ 90.25
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2009   Jun           2009.06   $ 78.62       $ 83.85       $ 75.20       $ 74.15       $ 67.96       $ 69.92       $ 76.67       $ 71.35       $ 64.97       $ 65.33       $ 74.35       $ 75.08       $ 78.32       $ 73.79       $ 72.49       $ 74.69       $ 71.86        $ 70.79        $ 72.73       $ 78.23       $ 72.33        $ 66.18        $ 74.00       $ 72.14       $ 72.49
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2009   Jul           2009.07   $ 72.63       $ 71.12       $ 66.94       $ 61.47       $ 60.68       $ 56.06       $ 73.61       $ 77.46       $ 75.68       $ 73.65       $ 74.21       $ 75.87       $ 59.42       $ 65.73       $ 67.21       $ 67.55       $ 72.40        $ 60.84        $ 69.67       $ 76.39       $ 77.80        $ 72.26        $ 78.35       $ 78.58       $ 67.21
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2009   Aug           2009.08   $ 80.18       $ 74.32       $ 67.84       $ 62.48       $ 73.50       $ 63.63       $ 75.56       $ 79.21       $ 77.68       $ 76.23       $ 78.16       $ 73.61       $ 67.61       $ 65.07       $ 64.04       $ 65.02       $ 63.08        $ 74.18        $ 75.23       $ 74.27       $ 71.49        $ 75.93        $ 71.92       $ 83.09       $ 64.04
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2009   Sep           2009.09   $ 76.53       $ 63.52       $ 57.06       $ 54.06       $ 56.17       $ 58.07       $ 66.70       $ 63.06       $ 59.42       $ 55.84       $ 66.30       $ 69.24       $ 53.43       $ 67.25       $ 57.78       $ 58.14       $ 61.33        $ 70.44        $ 57.17       $ 60.47       $ 63.99        $ 65.59        $ 66.64       $ 74.20       $ 57.78
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2009   Oct           2009.10   $ 74.58       $ 67.85       $ 56.91       $ 45.26       $ 41.29       $ 39.10       $ 64.95       $ 56.56       $ 49.33       $ 45.35       $ 59.75       $ 62.17       $ 56.53       $ 58.70       $ 51.98       $ 48.86       $ 45.80        $ 49.10        $ 54.90       $ 52.21       $ 49.05        $ 46.75        $ 61.19       $ 60.99       $ 51.98
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2009   Nov           2009.11   $ 80.82       $ 70.64       $ 55.20       $ 47.44       $ 38.06       $ 39.69       $ 68.76       $ 55.11       $ 45.32       $ 45.78       $ 55.48       $ 54.60       $ 61.22       $ 57.80       $ 48.45       $ 44.45       $ 41.72        $ 40.45        $ 50.33       $ 57.89       $ 49.80        $ 43.64        $ 51.33       $ 52.95       $ 48.45
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2009   Dec           2009.12   $ 91.54       $ 75.82       $ 65.91       $ 59.70       $ 53.60       $ 56.17       $ 68.43       $ 64.45       $ 55.96       $ 54.86       $ 62.22       $ 60.94       $ 71.69       $ 70.03       $ 60.88       $ 56.11       $ 57.15        $ 53.38        $ 58.37       $ 61.63       $ 56.47        $ 50.21        $ 57.54       $ 55.19       $ 60.88
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2010   Jan           2010.01   $ 88.54       $ 85.63       $ 79.02       $ 73.16       $ 67.99       $ 70.00       $ 81.20       $ 72.82       $ 65.42       $ 63.35       $ 73.04       $ 65.13       $ 79.92       $ 80.00       $ 75.84       $ 70.88       $ 79.30        $ 89.22        $ 68.67       $ 67.63       $ 69.22        $ 66.90        $ 65.44       $ 73.52       $ 75.84
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2010   Feb           2010.02   $ 94.97       $ 91.72       $ 89.08       $ 91.75       $ 89.77       $ 92.89       $ 94.26       $ 90.11       $ 86.79       $ 86.44       $ 83.46       $ 83.31       $ 85.60       $ 92.35       $ 89.41       $ 90.00       $ 95.34        $ 96.87        $ 78.37       $ 81.56       $ 83.28        $ 76.19        $ 75.80       $ 77.82       $ 89.41
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2010   Mar           2010.03   $ 114.68      $ 108.73      $ 101.32      $ 104.60      $ 108.54      $ 116.22      $ 102.78      $ 103.52      $ 101.20      $ 100.89      $ 97.29       $ 93.70       $ 101.77      $ 107.07      $ 103.23      $ 100.96      $ 102.58       $ 113.00       $ 98.62       $ 99.55       $ 98.22        $ 96.78        $ 87.25       $ 90.17       $ 103.23
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2010   Apr           2010.04   $ 126.35      $ 118.78      $ 114.01      $ 112.30      $ 112.76      $ 120.10      $ 109.86      $ 105.41      $ 104.18      $ 107.32      $ 104.29      $ 102.20      $ 115.00      $ 118.50      $ 119.33      $ 121.08      $ 119.35       $ 121.56       $ 102.88      $ 110.09      $ 108.93       $ 105.64       $ 95.77       $ 98.86       $ 119.33
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2010   May           2010.05   $ 106.77      $ 94.84       $ 97.05       $ 91.93       $ 98.09       $ 100.69      $ 100.53      $ 94.28       $ 94.08       $ 99.30       $ 96.98       $ 99.82       $ 96.36       $ 104.15      $ 100.09      $ 97.75       $ 100.72       $ 106.83       $ 96.08       $ 99.20       $ 98.69        $ 98.23        $ 96.37       $ 100.37      $ 100.09
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2010   Jun           2010.06   $ 88.33       $ 81.76       $ 70.48       $ 72.27       $ 63.84       $ 76.32       $ 91.57       $ 90.66       $ 87.14       $ 96.02       $ 90.74       $ 94.93       $ 89.34       $ 92.92       $ 86.68       $ 85.87       $ 81.15        $ 84.32        $ 92.08       $ 94.93       $ 99.50        $ 99.33        $ 92.13       $ 98.50       $ 86.68
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2010   Jul           2010.07   $ 94.98       $ 87.75       $ 72.21       $ 68.57       $ 55.55       $ 72.56       $ 95.48       $ 89.73       $ 85.70       $ 94.52       $ 91.15       $ 95.63       $ 87.25       $ 91.21       $ 82.73       $ 73.44       $ 64.83        $ 69.68        $ 92.19       $ 97.52       $ 93.15        $ 93.44        $ 91.87       $ 97.32       $ 82.73
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2010   Aug           2010.08   $ 89.07       $ 89.90       $ 78.99       $ 69.15       $ 72.72       $ 76.10       $ 84.93       $ 82.97       $ 78.32       $ 76.81       $ 92.17       $ 89.46       $ 91.70       $ 91.73       $ 83.35       $ 74.25       $ 76.97        $ 77.17        $ 86.10       $ 86.10       $ 86.09        $ 81.65        $ 90.29       $ 91.86       $ 83.35
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2010   Sep           2010.09   N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A            N/A            N/A           N/A           N/A            N/A            N/A           N/A             #N/A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2010   Oct           2010.10   N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A            N/A            N/A           N/A           N/A            N/A            N/A           N/A              #N/A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2010   Nov           2010.11   N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A            N/A            N/A           N/A           N/A            N/A            N/A           N/A              #N/A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2010   Dec           2010.12   N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A           N/A            N/A            N/A           N/A           N/A            N/A            N/A           N/A              #N/A
Value of Gain (VOG) for user-specified weights and months

Scenario                     1           2           3         4           5         6                                                                                                  Scenario #1                                         Scenario #2                                        Scenario #3                                        Scenario #4                                       Scenario #5                                       Scenario #6
Sex                     Steers      Steers     Heifers    Steers      Steers    Steers                                                                                                  Sex                 Steers                          Sex                Steers                          Sex                Heifers                         Sex                Steers                         Sex                Steers                         Sex                Steers
                                                                                                                            Value of Gain (VOG) for user-specified weights and months
Beginning month            Oct          Jul      May         Apr        Mar       May                                                                                                   Starting month      Oct                             Starting month     Jul                             Starting month     May                             Starting month     Apr                            Starting month     Mar                            Starting month     May
Beginning weight           250         300        200        250         200       200                              140                                                                 Starting weight           250                       Starting weight          300                       Starting weight          200                       Starting weight          250                      Starting weight          200                      Starting weight          200
Ending month              Mar          Oct        Nov        Jun        Aug         Jul                                                                                                 Ending month        Mar                             Ending month       Oct                             Ending month       Nov                             Ending month       Jun                            Ending month       Aug                            Ending month       Jul
Ending weight              550         450        400        550         550       350                              120                                                                 Ending weight             550                       Ending weight            450                       Ending weight            400                       Ending weight            550                      Ending weight            550                      Ending weight            350

Year*                                                                                                               100                                                                 Start     End      Price      Price      VOG        Start     End      Price     Price      VOG        Start     End      Price     Price      VOG        Start     End      Price     Price     VOG        Start     End      Price     Price     VOG        Start     End      Price     Price     VOG




                                                                                             Value of gain, $/cwt
2001                    $57.85     $43.08      $46.70     $55.25      $53.54    $68.63                                                                                                     2001.1  2002.03    123.37      87.63     57.85     2001.07  2001.10    117.39     92.62     43.08     2001.05  2001.11    122.39     84.55     46.70     2001.04  2001.06    137.14     92.47    55.25     2001.03  2001.08    147.27     87.62    53.54     2001.05  2001.07    140.79    109.87    68.63
2002                    $55.77     $48.09      $56.25     $40.44      $39.99    $63.40                               80                                                                    2002.1  2003.03    111.72      81.20     55.77     2002.07  2002.10    103.69     85.16     48.09     2002.05  2002.11    106.25     81.25     56.25     2002.04  2002.06    120.27     76.73    40.44     2002.03  2002.08    136.28     75.00    39.99     2002.05  2002.07    121.64     96.68    63.40
2003                    $77.47     $79.90      $96.35     $60.39      $66.28    $85.78                                                                                                     2003.1  2004.03    128.06     100.47     77.47     2003.07  2003.10    113.26    102.14     79.90     2003.05  2003.11    105.78    101.07     96.35     2003.04  2003.06    113.50     84.53    60.39     2003.03  2003.08    120.62     86.04    66.28     2003.05  2003.07    122.25    106.62    85.78
                                                                                                                     60
2004                    $91.15     $60.82      $93.66     $85.23      $98.69   $118.83                                                                                                     2004.1  2005.03    149.24     117.56     91.15     2004.07  2004.10    145.66    117.38     60.82     2004.05  2004.11    134.70    114.18     93.66     2004.04  2004.06    136.21    108.40    85.23     2004.03  2004.08    138.64    113.22    98.69     2004.05  2004.07    150.22    136.77   118.83
2005                    $75.96     $67.83      $67.46     $66.57      $69.61    $71.64                                                                                                     2005.1  2006.03    163.56     115.78     75.96     2005.07  2005.10    145.69    119.74     67.83     2005.05  2005.11    160.40    113.93     67.46     2005.04  2005.06    170.28    113.71    66.57     2005.03  2005.08    176.61    108.52    69.61     2005.05  2005.07    181.35    134.33    71.64
                                                                                                                     40
2006                    $74.07     $73.18     $132.72     $76.20      $67.83    $83.84                                                                                                     2006.1  2007.03    157.34     111.92     74.07     2006.07  2006.10    136.95    115.69     73.18     2006.05  2006.11    140.21    136.47    132.72     2006.04  2006.06    150.57    110.00    76.20     2006.03  2006.08    183.60    109.93    67.83     2006.05  2006.07    162.96    129.05    83.84
2007                    $68.42     $37.00      $52.81     $59.74      $79.26    $77.33                                                                                                     2007.1  2008.03    139.00     100.50     68.42     2007.07  2007.10    144.50    108.67     37.00     2007.05  2007.11    140.88     96.85     52.81     2007.04  2007.06    157.28    104.08    59.74     2007.03  2007.08    163.25    109.80    79.26     2007.05  2007.07    170.72    130.70    77.33
                                                                                                                     20
2008                    $64.29     $42.46      $39.70     $77.36      $72.71    $63.69                                                                                                     2008.1  2009.03    122.50      90.75     64.29     2008.07  2008.10    119.88     94.07     42.46     2008.05  2008.11    123.75     81.73     39.70     2008.04  2008.06    121.67     97.50    77.36     2008.03  2008.08    153.25    102.00    72.71     2008.05  2008.07    149.25    112.58    63.69
2009                   $103.52     $58.92      $55.80     $69.66      $74.32    $82.46                                                                                                     2009.1  2010.03    112.32     107.52    103.52     2009.07  2009.10    111.30     93.84     58.92     2009.05  2009.11    114.00     84.90     55.80     2009.04  2009.06    122.80     93.82    69.66     2009.03  2009.08    128.13     93.89    74.32     2009.05  2009.07    126.43    107.59    82.46
                                                                                                                     0
2010                       N/A        N/A         N/A     $77.00      $83.35   $105.77                                    2001              2003              2005             2007        2010.1  2011.03       0.00       0.00     0.00     2010.07  2010.10    134.20       0.00     0.00     2010.05  2010.11    124.80       0.00     0.00     2010.04  2010.06    138.27    104.85    77.00     2010.03  2010.08    143.88    105.36    83.35     2010.05  2010.07    147.50    129.62   105.77
Average                 $74.28     $56.81      $71.27     $65.65      $69.13    $79.51                                                                    Year
Minimum                 $55.77     $37.00      $39.70     $40.44      $39.99    $63.40
                                                                                                                                        1      2      3      4       5    6
Maximum                $103.52     $79.90     $132.72     $85.23      $98.69   $118.83
Standard deviation      $15.41     $15.03      $30.26     $13.49      $16.27    $16.99
* Year of beginning month

Historical cattle prices and value of gain spreadsheet
Developed by:         J. Ross Pruitt, PhD                                                 All Prices from USDA AMS
                      Department of Agricultural Economics and Agribusiness
                      Louisiana State University Agricultural Center

								
To top