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Thursday, August 07, 2008


 

LM_HG206 Des Moines, Iowa Thu, Aug 07, 2008 USDA Market News IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Thursday, August 7, 2008 (As of 1:30 PM) CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Estimated Actual Actual Actual Today Today Week Ago Year Ago Producer Sold Negotiated 15,507 18,713 7,882 10,918 Other Market Formula 20,459 19,922 12,334 6,843 Swine or Pork Market Formula 47,352 31,845 32,935 37,604 Other Purchase Arrangement 14,103 8,160 8,770 12,978 Packer Sold (all purchase types) 9,234 6,476 2,380 2,420 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 19,771 Compared to Prior Day's closing weighted average (LM_HG204), 2.39 higher Base Price Range $77.00 - $89.00, Weighted Average $86.88 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 79.50 93.45 80.50 94.34 81.50 96.12 81.89 97.90 81.89 97.90 0.5 77.00 92.90 79.50 93.45 81.50 95.23 81.89 97.01 81.89 98.79 0.6 77.00 91.67 79.50 92.90 80.50 94.34 81.50 96.12 83.00 97.90 0.7 77.00 90.78 77.00 91.67 79.50 93.45 81.50 95.23 82.50 97.01 0.8 75.00 90.40 77.00 90.78 79.50 92.56 80.50 94.34 82.50 96.12 0.9 75.00 88.90 77.00 89.00 77.00 91.67 79.50 93.45 81.50 95.23 1.0 74.00 87.22 75.00 88.90 77.00 90.78 79.50 92.56 80.50 94.34 1.1 73.00 86.33 75.00 87.22 77.00 89.00 77.00 91.67 77.12 93.45 1.2 73.00 85.44 74.00 86.33 75.00 88.11 77.00 90.78 77.12 92.56 1.4 65.99 83.66 65.99 84.55 65.99 86.33 65.99 88.11 65.99 90.78 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.40 -9.52 175# -4.45 0.00 205# 0.00 0.00 155# -32.40 -6.76 185# -1.50 0.00 215# -0.89 0.00 165# -12.15 -1.35 195# 0.00 0.00 225# -5.25 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 195.14 lb carcass, 0.72 inch back-fat, 6.99 square inch loin/2.33 inch loin depth, FFLI: 51.82% Price Range $81.50 - $95.23 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 30,054 Base Price Range $78.85 - $87.60, Weighted Average $80.46 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 8,729 Compared to Prior Day's closing weighted average (LM_HG204), 1.86 higher Price Range $57.82 - $69.00, Weighted Average $67.92 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 70,528 Minnesota 17,637 -------------------------------------------------------------------------------- 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 1500C .