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9/07 2:59 PM
USDA PM Daily Direct Hogs 09/07 14:59 LM_HG203 Des Moines, Iowa Tue, Sep 07, 2010 USDA Market News NATIONAL DAILY DIRECT AFTERNOON HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Tuesday, September 7, 2010 (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 23,783 16,285 15,144 22,473 Other Market Formula 46,340 37,082 23,825 48,349 Swine or Pork Market Formula 137,437 69,824 67,765 98,500 Other Purchase Arrangement 73,580 65,588 43,171 74,639 Packer Sold (all purchase types) 22,574 4,981 4,904 5,480 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 11,255 Compared to prior day, base prices were 2.12 lower to 2.32 higher; mostly .75 to 1.50 higher, with instances up to 2.25 higher. Slow to moderate market activity on moderate demand. Compared to Prior Day's closing weighted average (LM_HG200), 1.29 higher Base Price Range $69.50 - $83.01, Weighted Average $78.92 Base Price is the price from which no discounts are subtracted and no premiums are added. -------------------------------------------------------------------------------- NATIONAL 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 72.00 87.58 73.00 88.57 74.00 89.57 75.50 90.56 75.50 91.89 0.5 69.50 86.66 72.00 87.66 74.00 88.65 75.00 89.65 75.50 90.98 0.6 69.50 85.67 72.00 86.66 73.00 87.66 74.00 88.65 75.50 89.98 0.7 69.50 84.75 69.50 85.75 72.00 86.75 74.00 87.74 75.00 89.07 0.8 67.50 83.76 69.50 84.75 72.00 85.75 73.00 86.75 75.00 88.07 0.9 67.50 82.84 69.50 83.84 69.50 84.84 72.00 85.83 74.00 87.16 1.0 66.50 81.85 67.50 82.84 69.50 83.84 72.00 84.84 73.00 86.16 1.1 65.50 80.93 67.50 81.93 69.50 82.93 69.50 83.92 73.00 85.25 1.2 65.50 79.94 66.50 80.93 67.50 81.93 69.50 82.93 72.00 84.26 1.4 61.03 78.03 61.03 79.03 61.03 80.02 61.03 81.02 63.50 82.35 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -31.00 -1.53 175# -4.03 0.00 205# -6.12 0.00 155# -31.00 0.00 185# -0.81 0.00 215# -6.12 0.00 165# -11.63 0.00 195# -1.53 0.00 225# -6.12 0.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 193.79 lb carcass, 0.70 inch back-fat, 6.96 square inch loin/2.32 inch loin depth, FFLI: 52.13% Price Range $74.00 - $87.74 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 70,492 Base Price Range $74.00 - $84.92, Weighted Average $76.97 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-300 lbs): 4,411 Compared to Prior Day's closing weighted average (LM_HG200), 2.30 lower Price Range $52.12 - $64.00, Weighted Average $61.37 -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 1,790 Iowa 72,464 Illinois 15,732 Indiana 20,504 Kansas 362 Kentucky 3,909 Michigan 4,483 Minnesota 25,868 Missouri 461 Montana 637 North Carolina 995 North Dakota 49 Nebraska 11,576 New York 180 Ohio 26,686 Pennsylvania 2,795 South Carolina 30 South Dakota 3,110 Tennessee 1,172 Wisconsin 597 -------------------------------------------------------------------------------- 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 .
