Table 2.  Comparison of 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 Cattle ($/cwt)      61.31     78.06     81.60     88.25     96.32     93.05     84.27

Fat Cattle ($/cwt)         65.11     66.61     72.68     77.03     82.49     80.67     76.43

Culled Cows ($/cwt)        30.32     32.15     35.13     41.78     48.38     47.01     42.60

Hog Prices

Barrows/Gilts ($/cwt)      53.39     51.70     45.83     42.98     45.52     47.54     44.09

Culled Sows ($/cwt)        44.32     46.73     43.37     43.25     45.11     57.61     46.91

Milk Prices -- National and State

All Milk Price ($/cwt)     14.87     13.30     13.27     13.32     13.28     13.31     13.35

California ($/cwt)         13.66     12.51     12.55     12.65     12.66     12.69     12.73

Florida ($/cwt)            18.00     16.48     16.51     16.60     16.61     16.65     16.69

Georgia ($/cwt)            16.30     14.85     14.87     14.95     14.96     15.00     15.04

Idaho ($/cwt)              13.90     12.34     12.15     12.09     12.01     12.04     12.11

Michigan ($/cwt)           15.00     13.61     13.62     13.71     13.71     13.75     13.79

Missouri ($/cwt)           15.10     13.62     13.61     13.68     13.68     13.71     13.75

New Mexico ($/cwt)         13.80     12.67     12.54     12.53     12.48     12.51     12.57

New York ($/cwt)           14.90     13.28     13.24     13.29     13.27     13.31     13.36

Texas ($/cwt)              15.10     13.63     13.54     13.56     13.51     13.53     13.55

Vermont ($/cwt)            15.30     14.26     14.52     14.53     13.96     13.99     14.03

Washington ($/cwt)         14.50     13.22     13.04     12.99     12.91     12.94     13.01

Wisconsin ($/cwt)          14.75     13.34     13.32     13.39     13.38     13.42     13.46
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Source: Food and Agricultural Policy Research Institute (FAPRI) at the University of
Missouri-Columbia and Iowa State University.