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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 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 18,753 7,239 2,618 698
Other Market Formula 28,318 8,000 170 0
Swine or Pork Market Formula 50,424 23,015 23,523 24,095
Other Purchase Arrangement 10,449 7,245 5,555 5,050
Packer Sold (All Purchase Types): 8,486 2,474 2,645 4,511
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 5,709
Compared to Prior Day's closing weighted average (LM_HG204), 2.45 higher.
Base Price Range $70.00 - $80.53, Weighted Average $78.37
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 83.03 73.13 83.03 73.13 83.03
0.5 70.00 84.53 72.50 84.53 73.13 84.53 73.13 83.53 73.13 83.03
0.6 70.00 84.03 72.50 84.53 73.50 84.53 74.50 84.53 76.00 83.53
0.7 70.00 82.08 70.00 82.53 72.50 84.03 74.50 84.53 75.50 84.53
0.8 68.00 82.08 70.00 82.08 72.50 82.53 73.50 82.53 75.50 84.53
0.9 68.00 78.53 70.00 79.53 70.00 80.53 72.50 81.53 73.13 82.53
1.0 67.00 78.28 68.00 78.53 70.00 78.53 72.50 79.53 73.13 81.53
1.1 66.00 74.53 68.00 76.03 68.87 77.53 68.87 78.53 68.87 79.53
1.2 66.00 73.72 67.00 73.72 68.00 74.53 68.87 76.03 68.87 77.53
1.4 58.93 70.53 58.93 70.53 58.93 71.00 58.93 72.53 58.93 74.00
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CARCASS WEIGHT DIFFERENTIALS
145# -30.40 -9.52 175# -3.00 0.00 205# 0.00 0.00
155# -30.40 -6.76 185# 0.00 0.00 215# -0.67 0.00
165# -11.40 -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): 21,011
Base Price Range $68.80 - $77.47, Weighted Average $70.14
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 1,147
Compared to Prior Day's closing weighted average (LM_HG204), .20 higher.
Price Range $53.99 - $61.00, Weighted Average $59.53
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SOWS
NEGOTIATED PURCHASE (Including Packer Sold)
Sows Purchased (live and carcass basis):
Weight Range Head Count Avg Weight Price Range Wtd Avg
(Live Basis) 300-449 lbs.
450-499 lbs. prices not reported due to confidentiality
500/up lbs.
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ALL SWINE PURCHASES BY STATE OF ORIGIN
Iowa 33,488 Minnesota 11,674
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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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