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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.
WESTERN CORNBELT 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 29,898 23,745 15,739 5,006
Other Market Formula 18,459 12,926 6,601 7,278
Swine or Pork Market Formula 79,767 46,695 45,808 50,739
Other Purchase Arrangement 14,063 10,298 11,515 13,193
Packer Sold (All Purchase Types): 11,184 4,128 4,465 7,518
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 19,871
Compared to Prior Day's closing weighted average (LM_HG208), 1.70 higher.
Base Price Range $70.00 - $80.53, Weighted Average $77.87
Base Price is the price from which no discounts are
subtracted and no premiums are added.
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WESTERN 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 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 79.73 70.00 79.73 70.00 81.23 72.50 82.43 73.13 84.00
1.0 67.00 79.31 68.00 79.73 70.00 80.07 72.50 81.64 73.13 83.21
1.1 66.00 76.15 68.00 77.23 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: 198.66 lb carcass, 0.70 inch back-fat,
7.11 square inch loin/2.37 inch loin depth, FFLI: 52.19%
Price Range $74.50 - $84.53
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 43,922
Base Price Range $66.28 - $80.30, Weighted Average $70.71
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 4,335
Compared to Prior Day's closing weighted average (LM_HG208), .47 lower.
Price Range $50.98 - $62.00, Weighted Average $58.76
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SOWS
NEGOTIATED PURCHASE (Including Packer Sold)
Sows Purchased (live and carcass basis): 1,411
Weight Range Head Count Avg Weight Price Range Wtd Avg
(Live Basis) 300-449 lbs. 549 413 20.54-25.21 24.25
450-499 lbs. 159 474 23.50-27.75 26.58
500/up lbs. 703 560 24.75-29.75 27.72
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ALL SWINE PURCHASES BY STATE OF ORIGIN
Iowa 60,046 Kansas 848
Minnesota 19,737 Missouri 2,650
Nebraska 11,745 South Dakota 3,597
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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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