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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.
IOWA/MINNESOTA 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 24,114 15,105 13,970 6,595
Other Market Formula 32,863 20,695 9,017 10,077
Swine or Pork Market Formula 47,478 35,303 34,522 37,552
Other Purchase Arrangement 17,399 8,795 23,082 11,447
Packer Sold (All Purchase Types): 10,598 5,366 3,337 1,984
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 14,530
Compared to Prior Day's closing weighted average (LM_HG204), .44 higher.
Base Price Range $71.00 - $81.76, Weighted Average $78.21
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 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 73.13 85.76 73.13 84.80 73.13 86.40 73.13 88.00 73.13 88.00
0.5 72.00 85.76 73.13 85.76 73.13 85.76 73.13 87.20 73.13 88.80
0.6 72.00 85.26 74.50 85.76 75.50 85.76 76.50 86.40 76.68 88.00
0.7 72.00 83.26 72.00 84.51 74.50 85.26 76.50 85.76 76.68 87.20
0.8 70.00 83.26 72.00 83.26 74.50 84.51 75.00 84.80 76.50 86.40
0.9 70.00 81.76 72.00 81.76 72.00 83.26 73.13 84.00 73.13 85.60
1.0 69.00 79.31 70.00 81.76 72.00 81.76 73.13 83.20 73.13 84.80
1.1 68.00 77.60 68.87 79.26 68.87 80.00 68.87 82.40 68.87 84.00
1.2 68.00 76.80 68.00 77.60 68.87 79.20 68.87 81.60 68.87 83.20
1.4 58.93 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: 199.50 lb carcass, 0.71 inch back-fat,
7.14 square inch loin/2.38 inch loin depth, FFLI: 52.05%
Price Range $76.50 - $85.76
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 33,911
Base Price Range $66.12 - $79.68, Weighted Average $72.18
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 3,329
Compared to Prior Day's closing weighted average (LM_HG204), .47 higher.
Price Range $53.07 - $62.50, Weighted Average $60.32
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SOWS
NEGOTIATED PURCHASE (Including Packer Sold)
Sows Purchased (live and carcass basis): 775
Weight Range Head Count Avg Weight Price Range Wtd Avg
(Live Basis) 300-449 lbs. 218 417 21.17-26.50 24.71
450-499 lbs. 281 468 24.17-28.45 27.33
500/up lbs. 276 553 25.00-30.61 28.31
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ALL SWINE PURCHASES BY STATE OF ORIGIN
Iowa 53,770 Minnesota 28,407
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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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