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Des Moines, Iowa - Fri, May 09, 2008 - USDA Market News
This report is based on information provided by companies that agreed to
continue to participate in Livestock Mandatory Reporting on a voluntary basis.
IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON PLANT LOCATION
PLANT DELIVERED PURCHASE DATA FOR Thursday, May 8, 2008
CURRENT VOLUME BY PURCHASE TYPE
LIVE AND CARCASS BASIS
Actual Actual Actual
Prior Day Week Ago Year Ago
Producer Sold
Negotiated 23,818 21,464 11,291
Other Market Formula 36,122 23,010 35,021
Swine or Pork Market Formula 75,455 63,850 68,044
Other Purchase Arrangement 9,825 28,297 15,302
Packer Sold (all purchase types) 11,430 7,630 5,936
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NEGOTIATED OTHER SWINE OTHER TOTALS/
MARKET OR PORK PURCHASE WTD AVG
FORMULA MARKET ARRGMENT
FORMULA
Barrows & Gilts (carcass basis):
Producer Sold
Head Count 17,857 36,122 74,070 9,825 137,874
Base Price 77.90 72.61 75.41 72.87 74.82
Packer Sold
Head Count 10,398
Base Price 71.73
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NEGOTIATED PURCHASES (Including Packer Sold)
Barrows & Gilts (carcass basis): 18,557
Compared to Prior Day's closing weighted average (LM_HG204), .18 higher.
Base Price Range $65.00 - $81.76, Weighted Average $77.95
Base Price is the price from which no discounts are
subtracted and no premiums are added.
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IOWA/MINNESOTA DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
185 lb Carcass Basis
(Defined by Muscle and Fat)
LOIN AREA/DEPTH (INCHES)
BACK-FAT 4.0/1.4 5.0/1.7 6.0/2.0 7.0/2.3 8.0/2.7
0.4 67.50 85.76 68.50 84.80 69.50 86.40 71.00 88.00 71.00 88.00
0.5 65.00 85.76 67.50 85.76 69.50 85.76 70.50 87.20 71.00 88.80
0.6 65.00 85.26 67.50 85.76 68.50 85.76 69.50 86.40 71.00 88.00
0.7 65.00 83.16 65.00 83.76 67.50 85.26 69.50 85.76 70.50 87.20
0.8 63.00 83.16 65.00 83.16 67.50 83.76 68.50 84.80 70.50 86.40
0.9 63.00 80.00 65.00 80.76 65.00 82.40 67.50 84.00 69.50 85.60
1.0 62.00 79.31 63.00 80.00 65.00 81.60 67.50 83.20 68.50 84.80
1.1 61.00 77.60 63.00 78.40 65.00 80.00 65.00 82.40 68.50 84.00
1.2 61.00 76.80 62.00 77.60 63.00 79.20 65.00 81.60 67.50 83.20
1.4 57.50 75.20 58.93 76.00 58.93 77.60 58.93 79.20 58.93 81.60
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CARCASS WEIGHT DIFFERENTIALS
145# -30.80 -9.52 175# -4.00 0.00 205# 0.00 0.00
155# -30.80 -6.12 185# -0.80 0.00 215# -0.80 0.00
165# -11.55 -1.35 195# 0.00 0.00 225# -5.25 0.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog: 198.10 lb carcass, 0.70 inch back-fat,
7.05 square inch loin/2.35 inch loin depth, FFLI: 52.16%
Price Range $69.50 - $85.76
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 83,768
Base Price Range $66.12 - $82.73, Weighted Average $74.92
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 4,114
Compared to Prior Day's closing weighted average (LM_HG204), .83 higher.
Price Range $52.74 - $63.50, Weighted Average $60.68
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Source: USDA Market News, Des Moines, IA
515-284-4460 email: desm.lgmn@usda.gov
24 Hour recorded market information 515-284-4830
http://www.ams.usda.gov/LSMarketNews
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