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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 PRIOR DAY HOG REPORT BASED ON PLANT LOCATION
PLANT DELIVERED PURCHASE DATA FOR Wednesday, May 7, 2008
CURRENT VOLUME BY PURCHASE TYPE
LIVE AND CARCASS BASIS
Actual Actual Actual
Prior Day Week Ago Year Ago
Producer Sold
Negotiated 16,507 15,437 13,092
Other Market Formula 6,775 10,899 9,238
Swine or Pork Market Formula 44,795 44,335 47,361
Other Purchase Arrangement 18,089 25,709 15,505
Packer Sold (all purchase types) 4,691 4,618 4,485
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NEGOTIATED OTHER SWINE OTHER TOTALS/
MARKET OR PORK PURCHASE WTD AVG
FORMULA MARKET ARRGMENT
FORMULA
Barrows & Gilts (carcass basis):
Producer Sold
Head Count 9,146 6,677 42,314 18,089 76,226
Base Price 74.20 71.13 76.16 73.10 74.76
Packer Sold
Head Count 2,144
Base Price 73.76
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 9,146
Compared to Prior Day's closing weighted average (LM_HG207), 1.64 higher.
Base Price Range $69.25 - $79.00, Weighted Average $74.20
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 82.00 72.75 82.00 73.75 82.35 75.25 83.79 75.25 85.23
0.5 69.25 83.00 71.75 83.00 73.75 82.00 74.75 83.00 75.25 84.53
0.6 69.25 81.75 71.75 83.00 72.75 83.00 73.75 82.24 75.25 83.77
0.7 69.25 80.50 69.25 81.75 71.75 81.75 73.75 83.00 74.75 83.00
0.8 67.25 80.50 69.25 80.50 71.75 81.75 72.36 81.75 73.86 83.00
0.9 67.25 79.00 69.25 79.00 69.25 80.50 71.75 80.50 72.36 81.75
1.0 66.25 76.50 67.25 79.00 69.25 79.00 71.36 79.20 72.36 80.72
1.1 65.25 74.10 67.25 76.50 69.25 76.50 69.25 79.00 71.36 79.96
1.2 65.25 74.00 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 -1.44 175# -3.81 0.00 205# -5.75 0.00
155# -13.50 0.00 185# -0.76 0.00 215# -5.75 0.00
165# -6.00 0.00 195# -1.44 0.00 225# -5.75 0.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5 Day Rolling Average Market Hog: 191.40 lb carcass, 0.70 inch back-fat,
7.05 square inch loin/2.35 inch loin depth, FFLI: 52.20%
Price Range $73.75 - $83.00
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 43,498
Base Price Range $67.03 - $82.20, Weighted Average $76.09
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 3,024
Compared to Prior Day's closing weighted average (LM_HG207), .35 higher.
Price Range $47.14 - $62.00, Weighted Average $57.39
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SOWS
NEGOTIATED PURCHASE (Including Packer Sold)
Sows Purchased (live and carcass basis): 3,917
Weight Range Head Count Avg Wgt Price Range Wtd Avg
(Live Basis) 300-449 1,445 404 18.02-26.03 23.69
450-499 738 472 19.83-27.12 24.26
500/up 925 558 19.20-27.45 24.86
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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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