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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.
EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, May 7, 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 16,437 14,351 13,422 10,501
Other Market Formula 7,694 6,399 5,444 8,602
Swine or Pork Market Formula 46,424 23,376 24,034 26,972
Other Purchase Arrangement 19,257 16,571 21,119 14,822
Packer Sold (All Purchase Types): 3,525 3,289 3,700 3,006
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 8,232
Compared to Prior Day's closing weighted average (LM_HG207), 1.34 higher.
Base Price Range $69.25 - $78.50, Weighted Average $73.90
Base Price is the price from which no discounts are
subtracted and no premiums are added.
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EASTERN 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 71.75 81.50 72.75 81.91 73.75 83.89 75.25 85.35 75.25 86.82
0.5 69.25 82.50 71.75 82.50 73.75 82.57 74.75 84.03 75.25 85.50
0.6 69.25 81.25 71.75 82.50 72.75 82.50 73.75 82.72 75.25 84.18
0.7 69.25 80.00 69.25 81.25 71.75 81.25 73.75 82.50 74.75 83.00
0.8 67.25 80.00 69.25 80.00 71.75 81.25 72.36 81.25 73.86 82.50
0.9 67.25 78.50 69.25 78.50 69.25 80.00 71.75 80.00 72.36 81.48
1.0 66.25 76.00 67.25 78.50 69.25 78.50 71.36 79.20 72.36 80.72
1.1 65.25 74.10 67.25 76.00 69.25 76.15 69.25 78.50 71.36 79.96
1.2 65.25 73.50 65.36 74.10 67.25 75.39 67.36 77.67 69.36 79.20
1.4 59.36 71.58 62.36 72.35 62.36 73.87 64.99 75.39 65.36 77.67
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CARCASS WEIGHT DIFFERENTIALS
145# -26.65 -1.46 175# -3.81 0.00 205# -5.86 0.00
155# -13.50 0.00 185# -0.76 0.00 215# -5.86 0.00
165# -6.00 0.00 195# -1.46 0.00 225# -5.86 0.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5 Day Rolling Average Market Hog: 191.85 lb carcass, 0.70 inch back-fat,
7.05 square inch loin/2.35 inch loin depth, FFLI: 52.20%
Price Range $73.75 - $82.50
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 23,559
Base Price Range $67.09 - $78.22, Weighted Average $72.80
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 2,769
Compared to Prior Day's closing weighted average (LM_HG207), 1.45 higher.
Price Range $47.14 - $62.00, Weighted Average $58.49
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SOWS
NEGOTIATED PURCHASE (Including Packer Sold)
Sows Purchased (live and carcass basis): 1,445
Weight Range Head Count Avg Weight Price Range Wtd Avg
(Live Basis) 300-449 lbs. 776 393 18.02-26.03 23.43
450-499 lbs. 330 463 22.24-25.23 23.91
500/up lbs. 339 565 23.00-27.23 24.87
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ALL SWINE PURCHASES BY STATE OF ORIGIN
Alabama 329 Georgia 103
Illinois 16,375 Indiana 15,942
Kentucky 738 Michigan 3,899
Mississippi 1,786 North Carolina 2,915
New York 360 Ohio 13,115
Pennsylvania 3,824 South Carolina 414
Tennessee 725 Virginia 287
Wisconsin 687
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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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