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Thursday, August 07, 2008


 

LM_HG204 Des Moines, Iowa Thu, Aug 07, 2008 USDA Market News IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Wednesday, August 6, 2008 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 21,129 16,222 19,849 Other Market Formula 46,163 11,763 11,051 Swine or Pork Market Formula 61,603 60,079 72,394 Other Purchase Arrangement 12,175 11,515 19,077 Packer Sold (all purchase types) 10,563 15,429 10,725 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER TOTALS/ MARKET OR PORK PURCHASE WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 15,833 46,163 59,412 12,175 133,583 Base Price 84.36 72.83 82.53 77.35 78.92 Packer Sold Head Count 10,563 Base Price 81.11 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 16,533 Compared to Prior Day's closing weighted average (LM_HG204), 1.42 higher Base Price Range $77.25 - $87.50, Weighted Average $84.49 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- 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 79.57 90.69 79.57 92.00 79.57 92.71 79.57 94.42 79.57 94.58 0.5 77.56 90.69 79.57 90.69 79.57 91.85 79.57 93.57 79.57 95.28 0.6 77.56 90.19 80.06 90.69 81.06 90.99 82.06 92.71 83.43 94.42 0.7 77.56 87.69 77.56 88.69 80.06 90.19 82.06 91.85 83.06 93.57 0.8 75.56 87.21 77.56 87.69 80.06 89.27 81.06 90.99 83.06 92.71 0.9 75.56 84.98 77.56 86.50 77.56 88.42 79.57 90.13 79.57 91.85 1.0 74.56 84.50 75.56 84.98 77.56 87.56 79.57 89.27 79.57 90.99 1.1 73.56 83.26 74.93 84.12 74.93 85.84 74.93 88.42 74.93 90.13 1.2 73.56 82.41 74.55 83.26 74.93 84.98 74.93 87.56 74.93 89.27 1.4 64.12 80.91 64.12 81.55 64.12 83.26 64.12 84.98 64.12 87.56 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.30 -1.60 175# -4.29 0.00 205# -6.38 0.00 155# -32.30 0.00 185# -1.50 0.00 215# -6.38 0.00 165# -12.11 0.00 195# -1.60 0.00 225# -6.38 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 195.10 lb carcass, 0.72 inch back-fat, 6.99 square inch loin/2.33 inch loin depth, FFLI: 51.82% Price Range $82.06 - $91.85 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 69,275 Base Price Range $76.06 - $89.12, Weighted Average $82.27 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 5,197 Compared to Prior Day's closing weighted average (LM_HG204), 0.16 higher Price Range $60.26 - $68.25, Weighted Average $66.06 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 98,322 Minnesota 53,311 -------------------------------------------------------------------------------- Source: USDA Market News Service, Des Moines, IA 515-284-4460 email: desm.lgmn@usda.gov 24 Hour recorded market information 515-284-4830 www.ams.usda.gov/LSMarketNews 0800C .