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Tuesday, August 21^st 7:00 PM

Country Junction Restaurant

Junction of Hwys 20 & 136, Dyersville, IA

Wednesday, August 22^nd 7:00 PM

Happy’s Place

2323 Rockdale Road, Dubuque, IA

Thursday, August 23^rd 7:00 PM

Flapjack Family Restaurant

101 McKinsey Drive, Maquoketa, IA

Call 877.207.1051 to RSVP or for more information.

Beef
Week Ending	7/27/07	7/20/07	Year Ago	% of Prior Week	% of Prior Year
Slaughter	668,000	678,000	650,000	98.5%	102.8%
Beef (million lbs)	517.9	523.3	507.7	99.0%	102.0%
Choice Value	140.77	142.83	140.88	98.6%	99.9%
Select Value	134.82	136.72	123.69	98.6%	109.0%
Choice/Select Spread	5.95	6.11	17.19	97.4%	34.6%
Dressed Steer Weight	857	852	861	100.6%	99.5%
Dressed Heifer Weight	769	760	760	101.2%	101.2%

Live Cattle
Week Ending	7/27/07	7/20/07	Year Ago	% of Prior Week	% of Prior Year
Live Steer Weight	1,318	1,310	1,315	99.4%	99.6%
Live Heifer Weight	1,183	1,172	1,187	99.1%	98.7%
5 Area Cattle Price	90.63	89.61	79.47	98.9%	112.8%
Nearby Cattle Futures	93.62	90.82	83.47	97.0%	108.8%

Grain
Week Ending	7/27/07	7/20/07	Year Ago	% of Prior Week	% of Prior Year
Nearby Corn Futures	3.21	3.18	2.38	99.1%	133.6%
Nearby Soybean Futures	8.15	8.50	5.74	104.3%	148.1%

Nexus eNote

§ According to the University of Missouri, during the first six months of 2007, beef demand rose 0.6% and pork demand rose 0.3%. Professor Glen Grimes told Meatingplace.com that beef demand has increased because of exports and higher domestic demand while pork has been driven solely by domestic demand; pork exports are lower than last year.

§ According to Cattle Buyers Weekly, in 2008 there will be at least four new beef value cuts released; a grilling steak, an affordable roast for dry roasting, boneless country-style ribs and a fully cooked roast. Beef Innovations Group, funded by the beef checkoff, created these cuts. This is the same group that created the flatiron steak, a cut steadily gaining popularity.

§ What direction are feeder cattle headed? Prices are expected to trend lower through the fall but become more stable late in 2007. Cattle-Fax reports that a 2-3% decline in prices from today is typically seen into the fall, according to twenty-year data.

§ July 31^st was another day for the record books; at least for the Oct, Dec, Feb and Apr live cattle futures. Those months all posted new lifetime highs that day.

§ 883 loads of beef were exported during the week ending July 20^th. This is the largest shipment since 2003.

Nexus eNote

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