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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.
WESTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, May 8, 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 26,012 4,350 3,469 2,257
Other Market Formula 32,692 1,280 1,060 180
Swine or Pork Market Formula 72,774 23,095 25,836 31,950
Other Purchase Arrangement 15,721 6,969 13,567 4,963
Packer Sold (All Purchase Types): 10,340 5,191 3,976 2,504
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 3,758
Compared to Prior Day's closing weighted average (LM_HG208), .89 lower.
Base Price Range $65.00 - $79.39, Weighted Average $76.90
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 67.50 83.39 68.50 83.50 69.50 84.54 71.00 86.11 71.00 86.11
0.5 65.00 83.39 67.50 83.39 69.50 83.76 70.50 85.33 71.00 86.89
0.6 65.00 82.89 67.50 83.39 68.50 83.39 69.50 84.54 71.00 86.11
0.7 65.00 81.00 65.00 81.39 67.50 82.89 69.50 83.76 70.50 85.33
0.8 63.00 81.00 65.00 81.00 67.50 81.41 68.50 82.98 70.50 84.54
0.9 63.00 78.38 65.00 78.39 65.00 80.63 67.50 82.19 69.50 83.76
1.0 62.00 77.25 63.00 78.38 65.00 79.85 67.50 81.41 68.50 82.98
1.1 61.00 75.93 63.00 76.71 65.00 78.28 65.00 80.63 68.50 82.19
1.2 61.00 75.15 62.00 75.93 63.00 77.50 65.00 79.85 67.50 81.41
1.4 57.50 73.58 58.93 74.37 58.93 75.93 58.93 77.50 58.93 79.85
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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 -6.16 185# -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: 198.81 lb carcass, 0.70 inch back-fat,
7.08 square inch loin/2.36 inch loin depth, FFLI: 52.17%
Price Range $69.50 - $83.76
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 24,883
Base Price Range $67.00 - $79.50, Weighted Average $72.23
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 546
Compared to Prior Day's closing weighted average (LM_HG208), 2.85 lower.
Price Range $53.07 - $58.60, Weighted Average $56.66
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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 23,193 Kansas 414
Minnesota 11,995 Missouri 334
Nebraska 3,475 South Dakota 175
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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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