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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 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 18,695 17,261 10,738 10,586
Other Market Formula 8,999 7,090 6,341 3,646
Swine or Pork Market Formula 45,271 23,075 19,807 24,643
Other Purchase Arrangement 15,070 15,728 15,640 13,835
Packer Sold (All Purchase Types): 4,273 2,306 2,009 2,077
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 11,330
Compared to Prior Day's closing weighted average (LM_HG207), 1.42 higher.
Base Price Range $68.00 - $79.05, Weighted Average $75.62
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 83.05 70.50 83.05 72.50 84.09 73.50 85.58 74.00 87.14
0.6 68.00 81.80 70.50 83.05 71.50 83.21 72.50 84.78 74.00 86.35
0.7 68.00 80.55 68.00 81.80 70.50 82.43 72.50 84.00 73.50 85.57
0.8 66.00 80.55 68.00 80.55 70.50 81.80 71.50 83.21 73.50 84.78
0.9 66.00 79.05 68.00 79.05 68.00 80.86 70.50 82.43 72.36 84.00
1.0 65.00 76.93 66.00 79.05 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): 23,852
Base Price Range $67.09 - $79.68, Weighted Average $74.33
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 2,284
Compared to Prior Day's closing weighted average (LM_HG207), 1.05 higher
Price Range $47.58 - $62.60, Weighted Average $58.44
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SOWS
NEGOTIATED PURCHASE (Including Packer Sold)
Sows Purchased (live and carcass basis): 1,590
Weight Range Head Count Avg Weight Price Range Wtd Avg
(Live Basis) 300-449 lbs. 749 407 19.98-26.74 25.20
450-499 lbs. 414 471 23.00-27.27 24.53
500/up lbs. 427 559 25.00-30.27 26.37
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ALL SWINE PURCHASES BY STATE OF ORIGIN
Alabama 360 Georgia 88
Illinois 18,086 Indiana 19,051
Kentucky 742 Michigan 3,521
Mississippi 1,763 North Carolina 1,477
New York 300 Ohio 11,944
Pennsylvania 4,151 South Carolina 353
Tennessee 1,127 Virginia 164
Wisconsin 751
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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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