MEAT ANIMALS PRODUCTION AND INCOME South Dakota 2002 and 2003 Item Unit 2002 Cattle and Calves Production 1/ 1,000 lbs 1,557,488.00 Marketings 2/ 1,000 lbs 2,064,800.00 Average Pricefor: Cattle Dollars/Cwt. 69.60 Calves Dollars/Cwt. 96.20 Value of Production 1,000 Dollars 1,142,426.00 Cash Receipts 3/ 1,000 Dollars 1,494,238.00 Value of Home Consumption 1,000 Dollars 10,605.00 Gross Income 1,000 Dollars 1,504,843.00 Hogs and Pigs Production 1/ 1,000 lbs 608,553.00 Marketings 2/ 1,000 lbs 642,440.00 Average Price Dollars/Cwt. 34.60 Value of Production 4/ 1,000 Dollars 209,601.00 Cash Receipts 3/ 4/ 1,000 Dollars 243,872.00 Value of Home Consumption 1,000 Dollars 966.00 Gross Income 1,000 Dollars 244,838.00 Sheep and Lambs Production 1/ 1,000 lbs 31,019.00 Marketings 2/ 1,000 lbs 36,229.00 Average Price for: Sheep Dollars/Cwt. 30.00 Lambs Dollars/Cwt. 79.10 Value of Production 1,000 Dollars 21,284.00 Cash Receipts 3/ 1,000 Dollars 25,942.00 Value of Home Consumption 1,000 Dollars 65.00 Gross Income 1,000 Dollars 26,007.00 Item % Change 2003 2002-2003 Cattle and Calves Production 1/ Marketings 2/ 1,473,357.00 -5.4 Average Price for: Cattle 1,838,600 -11.0 Calves 78.70 13.1 Value of Production 107.00 11.2 Cash Receipts 3/ 1,212,232.00 6.1 Value of Home Consumption 1,501,201.00 0.5 Gross Income 2,131 -79.9 1,503,332.00 -0.1 Hogs and Pigs Production 1/ Marketings 2/ 604,406.00 -0.7 Average Price 654,640.00 1.9 Value of Production 4/ 38.60 11.6 Cash Receipts 3/ 4/ 235,419.00 12.3 Value of Home Consumption 274,685.00 12.6 Gross Income 1,097.00 13.6 Sheep and Lambs 275,782.00 12.6 Production 1/ Marketings 2/ 30,065.00 -3.1 Average Price for: Sheep 38,349.00 5.9 Lambs 37.20 24.0 Value of Production 106.00 34.0 Cash Receipts 3/ 26,861.00 26.2 Value of Home Consumption 33,667.00 29.8 Gross Income 134.00 106.2 33,801.00 30.0 1/ Adjustments made for changes in inventory and for inshipments 2/ Excludes custom slaughter for use on farms where produced and interfarm sales within the state 3/ Receipts from marketings and sale of farm slaughter 4/ Includes allowance for higher average price of state inshipments and outshipments of feeder pigs Source: South Dakota Crop & Livestock Reporter PRICES RECEIVED BY FARMERS FOR COMMODITIES SOLD March 2003 and March 2004 March Commodity and Unit 2003 * Wheat Bu. $3.60 Corn Bu. $2.19 Oats Bu. $2.13 Barley Bu. 2/ Soybeans Bu. $5.48 All Hay Ton $81.00 Cattle /1 Cwt. $71.71 Calves Cwt. $97.10 Hogs Cwt. $35.80 Sheep Cwt. $40.90 Lambs Cwt. $104.00 Prices ($) March Commodity and Unit 2004 * Wheat Bu. $3.77 Corn Bu. $2.69 Oats Bu. $1.52 Barley Bu. $2.27 Soybeans Bu. $9.13 All Hay Ton $61.00 Cattle /1 Cwt. $85.80 Calves Cwt. $118.00 Hogs Cwt. $48.00 Sheep Cwt. $34.40 Lambs Cwt. $115.00 % chg March 03 Commodity and Unit March 04 Wheat Bu. 4.7 Corn Bu. 22.8 Oats Bu. -28.6 Barley Bu. N/A Soybeans Bu. 66.6 All Hay Ton -24.7 Cattle /1 Cwt. 19.6 Calves Cwt. 21.5 Hogs Cwt. 34.1 Sheep Cwt. -15.9 Lambs Cwt. 10.6 * Full month except hay which is mid-month. 1/ "Cows" and "Steers & Heifers" combined with allowance where necessary for slaughter bulls. 2/ No price available. Source: South Dakota Crop & Livestock Reporter