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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.
IOWA/MINNESOTA DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Friday, May 9, 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 15,030 3,310 4,341 3,092
Other Market Formula 17,370 875 1,080 150
Swine or Pork Market Formula 40,378 16,058 18,605 23,983
Other Purchase Arrangement 35,034 6,355 5,900 5,155
Packer Sold (All Purchase Types): 5,832 3,746 3,865 3,161
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 2,156
Compared to Prior Day's closing weighted average (LM_HG204), .15 higher.
Base Price Range $77.00 - $81.00, Weighted Average $78.10
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 79.50 85.05 80.50 85.86 80.88 87.48 80.88 89.10 80.88 89.10
0.5 77.00 84.24 79.50 85.05 80.00 86.67 81.38 88.29 80.88 89.91
0.6 77.00 83.43 78.50 84.24 80.00 85.86 80.00 87.48 81.38 89.10
0.7 77.00 82.62 77.00 83.43 78.50 85.05 78.50 86.67 80.00 88.29
0.8 75.00 81.00 77.00 82.62 77.00 84.24 77.00 85.86 78.50 87.48
0.9 74.00 80.19 76.00 81.00 76.00 83.43 77.00 85.05 77.00 86.67
1.0 74.00 79.38 74.00 80.19 74.00 82.62 76.00 84.24 77.00 85.86
1.1 72.00 78.57 72.00 79.38 74.00 81.00 74.00 83.43 76.00 85.05
1.2 70.00 77.76 70.00 78.57 72.00 80.19 72.00 82.62 74.00 84.24
1.4 64.00 76.14 67.00 76.95 67.00 78.57 70.00 80.19 70.00 82.62
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CARCASS WEIGHT DIFFERENTIALS
145# -28.35 -9.52 175# -4.05 0.00 205# 0.00 0.00
155# -12.00 -6.27 185# -0.81 0.00 215# -0.81 0.00
165# -5.00 -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: 199.31 lb carcass, 0.71 inch back-fat,
7.11 square inch loin/2.37 inch loin depth, FFLI: 52.03%
Price Range $78.50 - $86.67
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 18,571
Base Price Range $71.78 - $80.82, Weighted Average $73.14
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 613
Compared to Prior Day's closing weighted average (LM_HG204), 1.10 lower.
Price Range $55.32 - $61.60, Weighted Average $59.58
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SOWS
NEGOTIATED PURCHASE (Including Packer Sold)
Sows Purchased (live and carcass basis): 151
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. 151 550 26.36-30.54 29.09
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ALL SWINE PURCHASES BY STATE OF ORIGIN
Iowa 19,485 Minnesota 12,398
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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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