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Thursday, August 28, 2008

Agri-Affiliates 


 

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 -------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 1100C .