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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.
WESTERN CORNBELT 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 26,328 23,971 12,301
Other Market Formula 36,342 23,795 35,982
Swine or Pork Market Formula 90,217 82,400 84,441
Other Purchase Arrangement 10,723 29,031 15,661
Packer Sold (all purchase types) 13,615 9,944 8,514
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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 20,113 36,342 88,390 10,359 155,204
Base Price 78.08 72.59 75.53 72.74 74.99
Packer Sold
Head Count 12,583
Base Price 72.91
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 22,463
Compared to Prior Day's closing weighted average (LM_HG208), .47 higher.
Base Price Range $65.00 - $81.76, Weighted Average $78.26
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 83.16 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 75.50 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: 198.60 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): 98,623
Base Price Range $66.12 - $82.73, Weighted Average $75.10
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 4,363
Compared to Prior Day's closing weighted average (LM_HG208), 1.09 higher.
Price Range $52.74 - $63.50, Weighted Average $60.60
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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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