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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.
EASTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, May 8, 2008 (As of 9:30 AM)
CURRENT VOLUME BY PURCHASE TYPE
LIVE AND CARCASS BASIS
Estimated Actual Actual Actual
Today Today Week Ago Year Ago
Producer Sold:
Negotiated 13,406 7,402 5,395 4,510
Other Market Formula 6,489 3,715 4,282 2,381
Swine or Pork Market Formula 45,023 11,141 9,381 15,087
Other Purchase Arrangement 16,159 1,196 1,611 1,998
Packer Sold (All Purchase Types): 2,731 1,300 1,449 917
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 5,809
Compared to Prior Day's closing weighted average (LM_HG207), 1.38 higher.
Base Price Range $68.00 - $79.00, Weighted Average $75.58
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 70.50 82.45 71.50 83.42 72.50 85.43 74.00 86.93 74.00 88.42
0.5 68.00 83.00 70.50 83.00 72.50 84.09 73.50 85.58 74.00 87.14
0.6 68.00 81.75 70.50 83.00 71.50 83.21 72.50 84.78 74.00 86.35
0.7 68.00 80.50 68.00 81.75 70.50 82.43 72.50 84.00 73.50 85.57
0.8 66.00 80.50 68.00 80.50 70.50 81.75 71.50 83.21 73.50 84.78
0.9 66.00 79.00 68.00 79.00 68.00 80.86 70.50 82.43 72.36 84.00
1.0 65.00 76.93 66.00 79.00 68.00 80.07 70.50 81.64 71.50 83.21
1.1 64.00 76.15 66.00 76.93 68.00 78.50 68.00 80.86 71.36 82.43
1.2 64.00 75.36 65.00 76.15 66.00 77.72 67.36 80.07 69.36 81.64
1.4 59.36 73.79 62.36 74.58 62.36 76.15 65.36 77.72 65.36 80.07
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CARCASS WEIGHT DIFFERENTIALS
145# -27.48 -1.49 175# -3.93 0.00 205# -5.96 0.00
155# -13.50 0.00 185# -0.79 0.00 215# -5.96 0.00
165# -6.00 0.00 195# -1.49 0.00 225# -5.96 0.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5 Day Rolling Average Market Hog: 191.81 lb carcass, 0.70 inch back-fat,
7.05 square inch loin/2.35 inch loin depth, FFLI: 52.20%
Price Range $72.50 - $84.00
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 12,326
Base Price Range $67.09 - $79.68, Weighted Average $74.43
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 896
Compared to Prior Day's closing weighted average (LM_HG207), 1.99 higher.
Price Range $54.17 - $61.57, Weighted Average $59.38
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SOWS
NEGOTIATED PURCHASE (Including Packer Sold)
Sows Purchased (live and carcass basis): 162
Weight Range Head Count Avg Weight Price Range Wtd Avg
(Live Basis) 300-449 lbs. prices not reported due to confidentiality
450-499 lbs. prices not reported due to confidentiality
500/up lbs. 162 563 25.00-30.27 26.76
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ALL SWINE PURCHASES BY STATE OF ORIGIN
Georgia 41 Illinois 2,690
Indiana 5,704 Kentucky 177
Michigan 659 Mississippi 1,673
North Carolina 675 New York 300
Ohio 8,539 Pennsylvania 3,720
Tennessee 778 Wisconsin 222
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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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