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 Thursday, August 28, 2008
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LM_HG209
Des Moines, Iowa Wed, Aug 27, 2008 USDA Market News
EASTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, August 27, 2008 (As of 9:30 AM)
CURRENT VOLUME BY PURCHASE TYPE
BARROWS & GILTS LIVE AND CARCASS BASIS
Estimated Actual Actual Actual
Today Today Week Ago Year Ago
Producer Sold
Negotiated 8,367 6,140 4,742 7,354
Other Market Formula 2,604 70 338 1,283
Swine or Pork Market Formula 43,601 9,574 12,966 11,588
Other Purchase Arrangement 15,487 3,642 3,935 2,956
Packer Sold (all purchase types) 2,412 890 541 1,568
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 5,407
Compared to Prior Day's closing weighted average (LM_HG207), 2.21 lower
Base Price Range $72.00 - $78.00, Weighted Average $75.77
Base Price is the price from which no discounts are
subtracted and no premiums are added.
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EASTERN CORNBELT 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 74.50 85.52 75.50 86.52 75.97 88.61 75.97 90.16 75.97 91.70
0.5 72.00 84.12 74.50 85.13 75.97 87.22 75.97 88.76 75.97 90.31
0.6 72.00 82.73 74.50 83.74 75.50 85.83 75.97 87.37 75.97 88.92
0.7 72.00 81.34 72.00 82.35 74.50 84.43 76.50 85.98 76.97 87.53
0.8 70.00 79.95 72.00 80.95 74.50 83.04 75.50 84.59 76.97 86.13
0.9 70.00 78.56 72.00 79.56 72.00 81.65 74.47 83.20 75.72 84.74
1.0 69.00 77.17 70.00 78.17 72.00 80.26 72.97 81.80 74.47 83.35
1.1 67.97 76.05 70.00 76.99 70.47 78.87 72.00 80.41 72.97 81.96
1.2 67.97 75.11 67.97 76.05 67.97 76.99 70.47 78.09 70.47 79.64
1.4 62.97 73.32 62.97 74.26 63.97 75.19 63.97 76.13 67.97 77.38
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CARCASS WEIGHT DIFFERENTIALS
145# -15.00 -1.52 175# -3.00 0.00 205# -6.19 0.00
155# -13.50 0.00 185# 0.00 0.00 215# -6.19 0.00
165# -6.00 0.00 195# -1.55 0.00 225# -6.19 0.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog: 188.63 lb carcass, 0.72 inch back-fat,
6.93 square inch loin/2.31 inch loin depth, FFLI: 51.81%
Price Range $76.50 - $85.98
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 11,482
Base Price Range $77.19 - $83.38, Weighted Average $78.57
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 442
Compared to Prior Day's closing weighted average (LM_HG207), 1.46 lower
Price Range $56.98 - $62.25, Weighted Average $59.97
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Delaware 120 Georgia 157
Illinois 3,870 Indiana 2,540
Kentucky 340 Maryland 160
Michigan 1,440 Mississippi 1,235
North Carolina 275 New York 360
Ohio 6,399 Pennsylvania 3,648
Tennessee 706 Wisconsin 448
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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
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