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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.
IOWA/MINNESOTA 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 21,976 17,296 10,258 3,795
Other Market Formula 15,079 12,376 6,601 6,788
Swine or Pork Market Formula 52,607 38,881 35,361 40,535
Other Purchase Arrangement 13,460 9,875 11,025 12,649
Packer Sold (All Purchase Types): 9,534 2,478 2,645 5,006
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 15,796
Compared to Prior Day's closing weighted average (LM_HG204), 2.01 higher.
Base Price Range $70.00 - $80.53, Weighted Average $77.93
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 72.50 84.53 73.13 83.53 73.13 84.78 73.13 86.35 73.13 86.35
0.5 70.00 84.53 72.50 84.53 73.13 84.53 73.13 85.57 73.13 87.14
0.6 70.00 84.03 72.50 84.53 73.50 84.53 74.50 84.78 76.00 86.35
0.7 70.00 83.16 70.00 83.16 72.50 84.03 74.50 84.53 75.50 85.57
0.8 68.00 83.16 70.00 83.16 72.50 83.16 73.50 83.21 75.50 84.78
0.9 68.00 79.31 70.00 79.53 70.00 80.86 72.50 82.43 73.13 84.00
1.0 67.00 79.31 68.00 79.31 70.00 80.07 72.50 81.64 73.13 83.21
1.1 66.00 76.15 68.00 76.93 68.87 78.50 68.87 80.86 68.87 82.43
1.2 66.00 75.36 67.00 76.15 68.00 77.72 68.87 80.07 68.87 81.64
1.4 58.93 73.79 58.93 74.58 58.93 76.15 58.93 77.72 58.93 80.07
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CARCASS WEIGHT DIFFERENTIALS
145# -30.80 -9.52 175# -3.93 0.00 205# 0.00 0.00
155# -30.80 -6.03 185# -1.50 0.00 215# -0.79 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: 199.79 lb carcass, 0.71 inch back-fat,
7.17 square inch loin/2.39 inch loin depth, FFLI: 52.07%
Price Range $74.50 - $84.53
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 34,133
Base Price Range $66.28 - $77.81, Weighted Average $70.45
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 3,153
Compared to Prior Day's closing weighted average (LM_HG204), .23 lower.
Price Range $50.98 - $62.00, Weighted Average $59.10
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SOWS
NEGOTIATED PURCHASE (Including Packer Sold)
Sows Purchased (live and carcass basis): 1,048
Weight Range Head Count Avg Weight Price Range Wtd Avg
(Live Basis) 300-449 lbs. 430 417 20.54-25.21 24.22
450-499 lbs. 149 476 23.50-27.75 26.72
500/up lbs. 469 561 24.75-29.75 27.76
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ALL SWINE PURCHASES BY STATE OF ORIGIN
Iowa 60,046 Minnesota 19,737
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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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