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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 PRIOR DAY HOG REPORT BASED ON PLANT LOCATION
PLANT DELIVERED PURCHASE DATA FOR Tuesday, May 6, 2008
CURRENT VOLUME BY PURCHASE TYPE
LIVE AND CARCASS BASIS
Actual Actual Actual
Prior Day Week Ago Year Ago
Producer Sold
Negotiated 20,717 28,452 12,978
Other Market Formula 24,986 13,310 12,037
Swine or Pork Market Formula 71,387 69,865 72,494
Other Purchase Arrangement 11,360 11,026 13,349
Packer Sold (all purchase types) 10,093 9,716 6,279
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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 13,425 24,986 69,002 11,360 118,773
Base Price 75.75 73.24 73.79 72.57 73.78
Packer Sold
Head Count 9,061
Base Price 71.06
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NEGOTIATED PURCHASES (Including Packer Sold)
Barrows & Gilts (carcass basis): 16,080
Compared to Prior Day's closing weighted average (LM_HG204), 1.07 higher.
Base Price Range $62.00 - $79.03, Weighted Average $75.92
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 64.50 83.03 65.50 82.95 66.50 84.51 68.00 86.08 68.00 86.08
0.5 62.00 83.03 64.50 83.03 66.50 83.73 67.50 85.29 68.00 86.86
0.6 62.00 82.53 64.50 83.03 65.50 83.03 66.50 84.51 68.00 86.08
0.7 62.00 81.00 62.00 81.03 64.50 82.53 66.50 83.73 67.50 85.29
0.8 60.00 81.00 62.00 81.00 64.50 81.38 65.50 82.95 67.50 84.51
0.9 60.00 77.70 62.00 78.25 62.00 80.60 64.50 82.16 66.50 83.73
1.0 59.00 77.25 60.00 77.70 62.00 79.82 64.50 81.38 65.50 82.95
1.1 58.00 75.90 60.00 76.69 62.00 78.25 62.00 80.60 65.50 82.16
1.2 58.00 75.12 59.00 75.90 60.00 77.47 62.00 79.82 64.50 81.38
1.4 54.50 73.56 57.69 74.34 57.69 75.90 57.69 77.47 57.69 79.82
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CARCASS WEIGHT DIFFERENTIALS
145# -30.00 -9.52 175# -3.91 0.00 205# 0.00 0.00
155# -30.00 -5.88 185# -0.78 0.00 215# -0.78 0.00
165# -11.25 -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: 198.00 lb carcass, 0.70 inch back-fat,
7.14 square inch loin/2.38 inch loin depth, FFLI: 52.22%
Price Range $66.50 - $83.73
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 75,408
Base Price Range $66.31 - $80.72, Weighted Average $73.35
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 6,271
Compared to Prior Day's closing weighted average (LM_HG204), .56 higher.
Price Range $49.05 - $62.50, Weighted Average $59.33
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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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