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Closing National Hog Market Review
DES MOINES - May 11/04 - SNS -- Closing U.S. national hog market conditions and values were released by the USDA this afternoon.
NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Tuesday, May 11, 2004 (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 43,913 37,979 31,283 42,850
Other Market Formula 32,683 33,140 11,313 17,059
Swine or Pork Market Formula 145,712 95,371 94,140 91,451
Other Purchase Arrangement 35,566 33,906 30,972 31,374
Packer Sold (All Purchase Types): 6,774 698 247 1,104
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 27,462
Compared to Prior Day's closing weighted average (LM_HG200), 1.53 higher.
Base Price Range $71.50 - $85.01, Weighted Average $79.49
Base Market Hog 185 lb Carcass Basis
(0.9-1.1 inch back-fat, 6 square inch loin/2.0 depth)
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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 74.00 89.69 75.50 90.71 77.00 91.73 78.00 92.75 78.00 94.11
0.5 71.50 88.75 74.00 89.77 77.00 90.79 78.00 91.81 78.00 93.17
0.6 71.50 87.73 74.00 88.75 75.50 89.77 77.00 90.79 78.00 92.15
0.7 71.50 86.94 71.50 87.82 74.00 88.84 77.00 89.86 78.00 91.22
0.8 69.50 86.94 71.50 86.94 74.00 87.82 75.50 88.84 78.00 90.20
0.9 69.50 84.84 71.50 85.86 71.50 86.88 74.00 87.90 77.00 89.26
1.0 68.50 83.82 69.50 84.84 71.50 85.86 74.00 86.88 75.50 88.24
1.1 67.50 82.88 69.50 83.90 71.50 84.93 71.50 85.95 75.00 87.31
1.2 67.50 81.86 68.50 82.88 69.50 83.90 71.50 84.93 73.00 86.29
1.4 64.00 79.91 64.74 80.93 64.74 81.95 64.74 82.97 64.74 84.33
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CARCASS WEIGHT DIFFERENTIALS
145# -34.62 -7.30 175# -4.05 0.00 205# -5.84 0.00
155# -34.62 0.00 185# -1.62 0.00 215# -5.84 1.62
165# -13.28 0.00 195# -1.46 0.00 225# -5.84 0.00
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MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED
5-Day Rolling Average Market Hog: 196.84 lb carcass, 0.77 inch back-fat,
6.84 square inch loin/2.28 inch loin depth, FFLI: 50.92%
Price Range $75.50 - $88.84
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SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)
Barrows & Gilts (carcass basis): 90,978
Base Price Range $64.52 - $83.07, Weighted Average $76.10
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NEGOTIATED PURCHASE (Including Packer Sold)
Barrows & Gilts (live basis, 240-280 lbs): 6,658
Price Range $55.05 - $65.50, Weighted Average $60.84
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SOWS
NEGOTIATED PURCHASE (Including Packer Sold)
Sows Purchased (live and carcass basis): 3,266
Weight Range Head Count Avg Weight Price Range Wtd Avg
(Live Basis) 300-449 lbs. 1,654 399 35.34-49.20 46.06
450-499 lbs. 492 467 33.39-48.25 45.55
500/up lbs. 1,120 568 37.00-49.63 47.34
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ALL SWINE PURCHASES BY STATE OF ORIGIN
Alabama 2,092 Arkansas 156
Canada 2,087 Colorado 665
Georgia 1,193 Iowa 69,659
Idaho 39 Illinois 19,218
Indiana 15,917 Kansas 4,066
Kentucky 1,162 Maryland 476
Michigan 10,563 Minnesota 36,540
Missouri 5,455 Mississippi 394
Montana 366 North Carolina 4,643
Nebraska 10,701 New York 541
Ohio 9,498 Oklahoma 282
Pennsylvania 2,698 South Carolina 630
South Dakota 2,671 Tennessee 882
Texas 1,975 Utah 154
Wisconsin 1,359
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Source: USDA Market News, Des Moines, IA
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