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Sunday, July 06, 2008


 

LM_HG203 Des Moines, Iowa Thu, Jul 03, 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. NATIONAL DAILY DIRECT AFTERNOON HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Thursday, July 3, 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 35,139 26,337 22,824 21,091 Other Market Formula 43,170 21,805 35,604 34,896 Swine or Pork Market Formula 120,281 68,126 60,648 74,163 Other Purchase Arrangement 31,479 28,122 22,994 26,975 Packer Sold (All Purchase Types): 18,996 9,136 8,919 12,057 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 18,182 Compared to Prior Day's closing weighted average (LM_HG200), 1.67 lower. Base Price Range $64.00 - $72.81, Weighted Average $69.27 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- NATIONAL 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 66.50 76.45 67.50 77.18 68.50 78.63 69.22 80.09 69.22 80.62 0.5 64.00 75.72 66.50 76.45 68.50 77.91 69.22 79.36 69.22 80.82 0.6 64.00 75.60 66.50 75.72 67.50 77.18 68.50 78.63 69.22 80.09 0.7 64.00 75.60 64.00 75.60 66.50 76.45 68.50 77.91 69.50 79.36 0.8 62.00 75.60 64.00 75.60 66.50 75.72 67.50 77.18 69.00 78.63 0.9 62.00 72.10 64.00 72.81 64.00 74.99 66.50 76.45 67.50 77.91 1.0 61.00 72.10 62.00 72.10 64.00 74.27 66.22 75.72 67.50 77.18 1.1 60.00 70.63 62.00 71.35 63.72 72.81 64.00 74.99 65.96 76.45 1.2 60.00 69.90 60.50 70.63 61.22 72.08 62.50 74.27 63.72 75.72 1.4 54.50 68.44 56.22 69.17 56.44 70.63 56.44 72.08 56.44 74.27 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -28.00 -1.36 175# -3.64 0.00 205# -5.44 0.00 155# -28.00 0.00 185# -0.73 0.00 215# -5.44 0.00 165# -10.50 0.00 195# -1.36 0.00 225# -5.44 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 193.58 lb carcass, 0.71 inch back-fat, 6.99 square inch loin/2.33 inch loin depth, FFLI: 51.99% Price Range $68.50 - $77.91 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 66,880 Base Price Range $64.38 - $75.70, Weighted Average $69.68 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 4,290 Compared to Prior Day's closing weighted average (LM_HG200), .07 higher. Price Range $45.87 - $57.08, Weighted Average $55.18 -------------------------------------------------------------------------------- SOWS NEGOTIATED PURCHASE (Including Packer Sold) Sows Purchased (live and carcass basis): 2,593 Weight Range Head Count Avg Weight Price Range Wtd Avg (Live Basis) 300-449 lbs. 479 406 18.00-27.95 21.12 450-499 lbs. 769 471 21.80-30.05 25.25 500/up lbs. 1,345 549 22.64-31.05 26.49 -------------------------------------------------------------------------------- ALL SWINE PURCHASES BY STATE OF ORIGIN Alabama 330 Arkansas 198 Canada 4,088 Colorado 505 Georgia 155 Iowa 46,076 Idaho 23 Illinois 10,244 Indiana 14,965 Kansas 1,246 Kentucky 2,053 Michigan 3,462 Minnesota 21,390 Missouri 1,565 Mississippi 1,702 Montana 398 North Carolina 2,529 North Dakota 225 Nebraska 14,795 Ohio 10,314 Oklahoma 80 Pennsylvania 3,796 South Carolina 528 South Dakota 4,384 Tennessee 1,312 Virginia 77 Wisconsin 789 Wyoming 9 -------------------------------------------------------------------------------- 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 1500C .