Hey delanecl
If the output from the transformer is just a voltage, you can read it with myDAQ without any extra hardware
Here is a tutorial on reading voltage with myDAQ and LabVIEW
http://zone.ni.com/devzone/cda/epd/p/id/6436
Tutorial for measuring current directly with myDAQ (up to 1 A)
http://zone.ni.com/devzone/cda/epd/p/id/6437
How to read current through a shunt resistor
https://decibel.ni.com/content/docs/DOC-12946
Here is a general getting started with myDAQ and LV video
http://zone.ni.com/wv/app/doc/p/id/wv-2084
To get help from NI engineers post your questions on the myDAQ Zone Forums
https://decibel.ni.com/content/groups/mydaq
Cheers
NI Academic Team
PS: as far as capitalization goes it is always "myDAQ" and "LabVIEW" (Lab Virtual Instrumentation Engineering Workbench)
Piano Staircase with myDAQ and LV