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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.
IOWA/MINNESOTA 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 25,744 17,080 8,463
Other Market Formula 19,286 9,381 11,290
Swine or Pork Market Formula 75,347 72,313 79,293
Other Purchase Arrangement 12,010 12,892 15,731
Packer Sold (all purchase types) 7,108 8,613 10,671
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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 19,276 19,286 73,381 12,010 123,953
Base Price 77.77 71.51 74.39 71.41 74.18
Packer Sold
Head Count 5,662
Base Price 69.62
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NEGOTIATED PURCHASES (Including Packer Sold)
Barrows & Gilts (carcass basis): 19,276
Compared to Prior Day's closing weighted average (LM_HG204), 1.85 higher.
Base Price Range $70.00 - $80.53, Weighted Average $77.77
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 PURCHASE 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# -0.79 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: 198.10 lb carcass, 0.70 inch back-fat,
7.08 square inch loin/2.36 inch loin depth, FFLI: 52.18%
Price Range $74.50 - $84.53
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 78,868
Base Price Range $66.28 - $82.27, Weighted Average $74.09
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 4,702
Compared to Prior Day's closing weighted average (LM_HG204), .52 higher.
Price Range $50.98 - $62.00, Weighted Average $59.85
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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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