Table 3.  Livestock Prices and Milk Prices, 1996-2002.
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                            1996      1997      1998      1999      2000      2001      2002
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Cattle Prices
Feeder Steers ($/cwt.)      61.77     66.86     76.73     86.84     93.27     94.47     90.78

Culled Cows ($/cwt.)        32.09     33.27     39.47     43.82     48.26     50.10     45.91

Hog Prices
Barrows/Gilts ($/cwt.)      53.53     53.51     46.32     43.82     45.34     47.40     43.86

Culled Sows ($/cwt.)        39.40     39.70     33.53     30.81     31.20     32.18     30.86

Milk Prices -- National and State
All Milk Price ($/cwt.)     14.63     13.66     13.35     13.05     12.88     12.95     13.07

California ($/cwt.)         13.57     12.59     12.29     12.01     11.89     11.98     12.12

Florida ($/cwt.)            17.53     16.56     16.25     15.97     15.85     15.94     16.08

Georgia ($/cwt.)            16.25     15.28     14.98     14.69     14.56     14.65     14.79

Missouri ($/cwt.)           14.84     13.89     13.58     13.29     13.14     13.22     13.35

New Mexico ($/cwt.)         13.46     12.53     12.23     11.94     11.75     11.83     11.95

New York ($/cwt.)           14.86     13.90     13.60     13.32     13.16     13.24     13.38

Texas ($/cwt.)              14.93     13.96     13.64     13.33     13.14     13.19     13.30

Vermont ($/cwt.)            15.02     14.06     13.75     13.46     13.31     13.39     13.52

Washington ($/cwt.)         14.06     13.15     12.86     12.55     12.32     12.39     12.51

Wisconsin ($/cwt.)          14.68     13.72     13.42     13.13     12.99     13.07     13.21


Milk Assessment ($/cwt.)     0.05      0.00      0.00      0.00      0.00      0.00      0.00


Milk Production per Cow
   (cwt./year)             165.36    168.44    171.97    174.92    177.85    180.94    183.84
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Source: Food and Agricultural Policy Research Institute (FAPRI) at the University of
Missouri-Columbia and Iowa State University.