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.)        61.37    67.87    75.30    83.49    90.22    92.92    85.70

Culled Cows ($/cwt)           30.29    31.95    38.02    43.26    45.96    47.30    44.20

Hog Prices
Barrows/Gilts ($/cwt)         53.36    53.81    46.36    42.04    45.42    49.03    46.08

Culled Sows ($/cwt)           44.27    44.63    37.45    35.02    36.72    39.58    37.48

Milk Prices -- National and State
All Milk Price ($/cwt)        14.75    13.69    13.53    13.39    13.00    12.98    13.01

California ($/cwt)            13.63    12.51    12.42    12.32    11.93    11.93    11.95

Florida ($/cwt)               18.00    16.89    16.79    16.68    16.30    16.30    16.32

Georgia ($/cwt)               16.31    15.21    15.10    14.99    14.61    14.61    14.63

Missouri ($/cwt)              15.23    14.04    13.88    13.76    13.37    13.36    13.40

New Mexico ($/cwt)            13.87    12.90    12.68    12.53    12.14    12.14    12.20

New York ($/cwt)              14.88    13.84    13.68    13.55    13.17    13.17    13.21

Texas ($/cwt)                 15.23    14.18    13.98    13.83    13.42    13.40    13.42

Vermont ($/cwt)               15.38    14.32    14.17    14.05    13.65    13.65    13.68

Washington ($/cwt)            14.41    13.52    13.22    13.05    12.65    12.65    12.74

Wisconsin ($/cwt)             14.72    13.66    13.52    13.40    13.01    13.01    13.05


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


Milk Production per Cow
    (cwt/year)               165.00   167.75   171.34   174.33   177.03   180.00   182.75
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Source: Food and Agricultural Policy Research Institute (FAPRI) at the University of
        Missouri-Columbia and Iowa State University.