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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.
EASTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, May 7, 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 12,618 6,939 7,696 5,012
Other Market Formula 6,935 2,594 1,676 1,003
Swine or Pork Market Formula 44,963 11,382 12,296 16,916
Other Purchase Arrangement 20,304 1,586 1,900 2,335
Packer Sold (All Purchase Types): 2,728 1,313 1,344 1,012
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 4,640
Compared to Prior Day's closing weighted average (LM_HG207), 1.32 higher.
Base Price Range $69.25 - $77.00, Weighted Average $73.88
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 80.96 72.75 81.91 73.75 83.89 75.25 85.35 75.25 86.82
0.5 69.25 81.00 71.75 81.00 73.75 82.57 74.75 84.03 75.25 85.50
0.6 69.25 79.75 71.75 81.00 72.75 81.25 73.75 82.72 75.25 84.18
0.7 69.25 78.50 69.25 79.75 71.75 79.96 73.75 81.48 74.75 83.00
0.8 67.25 78.50 69.25 78.50 71.75 79.75 72.36 80.72 73.86 82.24
0.9 67.25 77.00 69.25 77.00 69.25 78.50 71.75 79.96 72.36 81.48
1.0 66.25 74.63 67.25 77.00 69.25 77.67 71.36 79.20 72.36 80.72
1.1 65.25 73.87 67.25 74.63 69.25 76.15 69.25 78.43 71.36 79.96
1.2 65.25 73.10 65.36 73.87 67.25 75.39 67.36 77.67 69.36 79.20
1.4 59.36 71.58 62.36 72.34 62.36 73.87 65.36 75.39 65.36 77.67
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CARCASS WEIGHT DIFFERENTIALS
145# -26.65 -1.46 175# -3.81 0.00 205# -5.86 0.00
155# -13.50 0.00 185# -0.76 0.00 215# -5.86 0.00
165# -6.00 0.00 195# -1.46 0.00 225# -5.86 0.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5 Day Rolling Average Market Hog: 191.85 lb carcass, 0.70 inch back-fat,
7.05 square inch loin/2.35 inch loin depth, FFLI: 52.20%
Price Range $73.75 - $81.48
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 12,941
Base Price Range $67.09 - $76.58, Weighted Average $72.70
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 1,250
Compared to Prior Day's closing weighted average (LM_HG207), 1.57 higher.
Price Range $53.50 - $61.25, Weighted Average $58.61
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SOWS
NEGOTIATED PURCHASE (Including Packer Sold)
Sows Purchased (live and carcass basis): 376
Weight Range Head Count Avg Weight Price Range Wtd Avg
(Live Basis) 300-449 lbs. ***Prices not reported due to confidentiality***
450-499 lbs. 151 460 22.24-25.23 23.59
500/up lbs. 225 563 23.24-27.23 24.65
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ALL SWINE PURCHASES BY STATE OF ORIGIN
Alabama 159 Georgia 34
Illinois 3,581 Indiana 3,450
Kentucky 346 Michigan 1,563
Mississippi 1,725 North Carolina 799
New York 360 Ohio 8,389
Pennsylvania 3,490 Tennessee 331
Wisconsin 534
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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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