Complete News Listing
Previous
Next
[QT] Iowa/Minnesota Daily Direct Hogs - Morning
Date: 2008-09-17 10:55:26
Categories: MEAT
IOWA/MINNESOTA DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, September 17, 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 10,629 3,028 1,510 7,402
Other Market Formula 7,700 212 25 166
Swine or Pork Market Formula 54,778 20,861 25,513 24,085
Other Purchase Arrangement 13,086 7,345 12,715 6,340
Packer Sold (all purchase types) 11,559 1,891 8,544 2,223
--------------------------------------------------------------------------------
NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 1,345
Compared to Prior Day's closing weighted average (LM_HG204), 0.90 higher
Base Price Range $59.00 - $72.00, Weighted Average $67.01
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 61.50 75.00 62.50 75.00 63.50 75.00 64.89 75.00 64.89 75.00
0.5 59.00 76.00 61.50 76.00 63.50 75.00 64.50 75.00 64.89 75.00
0.6 59.00 74.75 61.50 76.00 62.50 76.00 63.50 75.00 65.00 75.00
0.7 59.00 73.50 59.00 74.75 61.50 74.75 63.50 76.00 64.50 76.00
0.8 57.00 73.50 59.00 73.50 61.50 74.75 62.50 74.75 64.50 76.00
0.9 57.00 72.00 59.00 72.00 59.00 73.50 61.50 73.50 63.50 74.75
1.0 56.00 69.50 57.00 72.00 59.00 72.00 61.50 72.00 62.50 73.50
1.1 55.00 67.00 57.00 69.50 59.00 69.50 59.00 72.00 61.11 72.00
1.2 55.00 67.00 56.00 67.00 57.00 67.00 59.00 69.50 61.11 69.50
1.4 51.50 62.00 52.29 62.00 52.29 63.00 52.29 63.00 52.29 67.00
--------------------------------------------------------------------------------
CARCASS WEIGHT DIFFERENTIALS
145# -26.00 -9.52 175# -3.00 0.00 205# 0.00 0.00
155# -26.00 -6.76 185# 0.00 0.00 215# -0.67 0.00
165# -9.75 -1.35 195# 0.00 0.00 225# -5.25 0.00
--------------------------------------------------------------------------------
MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog: 196.71 lb carcass, 0.72 inch back-fat,
6.87 square inch loin/2.29 inch loin depth, FFLI: 51.73%
Price Range $63.50 - $76.00
--------------------------------------------------------------------------------
SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 21,606
Base Price Range $64.63 - $71.27, Weighted Average $65.32
--------------------------------------------------------------------------------
NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-300 lbs): 2,033
Compared to Prior Day's closing weighted average (LM_HG204), 0.49 lower
Price Range $43.43 - $52.00, Weighted Average $51.87
--------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN
Iowa 22,361 Minnesota 13,707
--------------------------------------------------------------------------------
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
.
---
QT Headline News Service Copyright 2008 [QT]. All rights reserved.
---