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Des Moines, Iowa - Wed, May 07, 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 PRIOR DAY HOG REPORT BASED ON PLANT LOCATION
PLANT DELIVERED PURCHASE DATA FOR Tuesday, May 6, 2008
CURRENT VOLUME BY PURCHASE TYPE
LIVE AND CARCASS BASIS
Actual Actual Actual
Prior Day Week Ago Year Ago
Producer Sold
Negotiated 23,622 30,422 17,357
Other Market Formula 25,526 14,060 13,681
Swine or Pork Market Formula 92,501 88,357 92,771
Other Purchase Arrangement 11,963 11,380 13,514
Packer Sold (all purchase types) 13,348 12,751 9,139
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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 16,078 25,526 88,917 11,599 142,120
Base Price 75.87 73.08 73.95 72.53 73.90
Packer Sold
Head Count 12,316
Base Price 72.05
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 20,383
Compared to Prior Day's closing weighted average (LM_HG208), 1.24 higher.
Base Price Range $62.00 - $79.03, Weighted Average $76.17
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 64.50 83.03 65.50 82.95 66.50 84.51 68.00 86.08 68.00 86.08
0.5 62.00 83.03 64.50 83.03 66.50 83.73 67.50 85.29 68.00 86.86
0.6 62.00 82.53 64.50 83.03 65.50 83.03 66.50 84.51 68.00 86.08
0.7 62.00 81.00 62.00 81.03 64.50 82.53 66.50 83.73 67.50 85.29
0.8 60.00 81.00 62.00 81.00 64.50 81.38 65.50 82.95 67.50 84.51
0.9 60.00 77.70 62.00 78.25 62.00 80.60 64.50 82.16 66.50 83.73
1.0 59.00 77.25 60.00 77.70 62.00 79.82 64.50 81.38 65.50 82.95
1.1 58.00 75.90 60.00 76.69 62.00 78.25 62.00 80.60 65.50 82.16
1.2 58.00 75.12 59.00 75.90 60.00 77.47 62.00 79.82 64.50 81.38
1.4 54.50 73.56 56.44 74.34 56.44 75.90 56.44 77.47 56.44 79.82
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CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -9.52 175# -3.91 0.00 205# 0.00 0.00
155# -30.00 -5.88 185# -1.50 0.00 215# -0.78 0.00
165# -11.25 -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: 198.20 lb carcass, 0.70 inch back-fat,
7.11 square inch loin/2.37 inch loin depth, FFLI: 52.20%
Price Range $66.50 - $83.73
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 96,928
Base Price Range $66.31 - $81.37, Weighted Average $73.56
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 6,521
Compared to Prior Day's closing weighted average (LM_HG208), .53 higher.
Price Range $49.05 - $62.50, Weighted Average $59.23
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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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