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Sunday, July 06, 2008


 

LM_HG210 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. EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN 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 13,440 10,262 11,417 13,449 Other Market Formula 12,142 2,391 27,795 5,934 Swine or Pork Market Formula 44,763 25,682 25,391 24,358 Other Purchase Arrangement 16,963 15,384 12,830 15,461 Packer Sold (All Purchase Types): 4,464 2,437 3,667 3,787 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 6,228 Compared to Prior Day's closing weighted average (LM_HG207), .75 lower. Base Price Range $64.00 - $70.00, Weighted Average $68.02 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- EASTERN CORNBELT DAILY DIRECT NEGOTIATED HOG PURCHASES 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 75.19 67.50 76.07 68.50 77.91 69.22 79.26 69.22 80.62 0.5 64.00 74.00 66.50 74.85 68.50 76.68 69.22 78.04 69.22 79.40 0.6 64.00 72.75 66.50 74.00 67.50 75.46 68.50 76.82 69.22 78.18 0.7 64.00 71.52 64.00 72.75 66.50 74.23 68.50 75.59 69.50 76.95 0.8 62.00 71.50 64.00 71.50 66.50 73.01 67.50 74.37 69.00 75.73 0.9 62.00 70.00 64.00 70.00 64.00 71.79 66.50 73.15 67.50 74.51 1.0 61.00 68.11 62.00 70.00 64.00 70.89 66.22 72.28 67.50 73.67 1.1 60.00 67.42 62.00 68.11 63.72 69.50 64.00 71.59 66.22 72.98 1.2 60.00 66.72 60.50 67.42 61.22 68.81 62.50 70.89 63.72 72.28 1.4 54.50 65.33 56.22 66.03 57.22 67.42 57.22 68.81 60.50 70.89 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -24.33 -1.36 175# -3.48 0.00 205# -5.44 0.00 155# -13.50 0.00 185# -0.70 0.00 215# -5.44 0.00 165# -6.00 0.00 195# -1.36 0.00 225# -5.44 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5 Day Rolling Average Market Hog: 190.01 lb carcass, 0.71 inch back-fat, 6.93 square inch loin/2.31 inch loin depth, FFLI: 51.97% Price Range $68.50 - $75.59 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 23,981 Base Price Range $64.38 - $74.87, Weighted Average $69.92 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 1,354 Compared to Prior Day's closing weighted average (LM_HG207), 1.03 lower. Price Range $45.87 - $57.00, Weighted Average $54.37 -------------------------------------------------------------------------------- SOWS NEGOTIATED PURCHASE (Including Packer Sold) Sows Purchased (live and carcass basis): 1,316 Weight Range Head Count Avg Weight Price Range Wtd Avg (Live Basis) 300-449 lbs. 424 393 18.00-26.23 20.77 450-499 lbs. 481 465 23.60-30.05 25.22 500/up lbs. 411 543 24.00-31.05 27.58 -------------------------------------------------------------------------------- ALL SWINE PURCHASES BY STATE OF ORIGIN Alabama 330 Georgia 155 Illinois 10,244 Indiana 14,965 Kentucky 2,053 Michigan 3,462 Mississippi 1,702 North Carolina 2,529 Ohio 10,314 Pennsylvania 3,796 South Carolina 528 Tennessee 1,312 Virginia 77 Wisconsin 789 -------------------------------------------------------------------------------- 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 .