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Des Moines, Iowa - Thu, May 08, 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.
WESTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, May 8, 2008 (As of 1:30 PM)
CURRENT VOLUME BY PURCHASE TYPE
LIVE AND CARCASS BASIS
Estimated Actual Actual Actual
Today Today Week Ago Year Ago
Producer Sold:
Negotiated 31,139 22,223 17,826 7,649
Other Market Formula 38,458 20,915 9,197 10,217
Swine or Pork Market Formula 72,353 42,800 42,992 47,875
Other Purchase Arrangement 18,477 9,693 23,802 11,806
Packer Sold (All Purchase Types): 12,248 7,016 4,966 4,562
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 19,291
Compared to Prior Day's closing weighted average (LM_HG208), .53 higher.
Base Price Range $65.00 - $81.76, Weighted Average $78.32
Base Price is the price from which no discounts are
subtracted and no premiums are added.
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WESTERN CORNBELT DAILY DIRECT NEGOTIATED HOG PURCHASES 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 83.26 65.00 84.51 67.50 85.26 69.50 85.76 70.50 87.20
0.8 63.00 83.26 65.00 83.26 67.50 84.51 68.50 84.80 70.50 86.40
0.9 63.00 81.76 65.00 81.76 65.00 83.26 67.50 84.00 69.50 85.60
1.0 62.00 79.31 63.00 81.76 65.00 81.76 67.50 83.20 68.50 84.80
1.1 61.00 77.60 63.00 79.26 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 75.50 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# -1.50 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: 198.81 lb carcass, 0.70 inch back-fat,
7.08 square inch loin/2.36 inch loin depth, FFLI: 52.17%
Price Range $69.50 - $85.76
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 43,752
Base Price Range $66.12 - $79.68, Weighted Average $72.45
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 3,616
Compared to Prior Day's closing weighted average (LM_HG208), .70 higher.
Price Range $52.74 - $62.50, Weighted Average $60.21
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SOWS
NEGOTIATED PURCHASE (Including Packer Sold)
Sows Purchased (live and carcass basis): 985
Weight Range Head Count Avg Weight Price Range Wtd Avg
(Live Basis) 300-449 lbs. 229 419 21.17-26.50 24.54
450-499 lbs. 357 468 24.17-28.45 26.83
500/up lbs. 399 559 25.00-30.61 27.82
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ALL SWINE PURCHASES BY STATE OF ORIGIN
Iowa 53,770 Kansas 624
Minnesota 28,407 Missouri 1,365
Nebraska 11,432 South Dakota 7,563
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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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