National Daily Direct Hogs Morning
LM_HG202
Des Moines, Iowa                Mon, Jul 17, 2017               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Monday, July 17, 2017
(Includes information from 1:30 PM to 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                              9,319      7,341      8,194      3,546
  Other Market Formula                   18,026     15,577     31,851      1,827
  Swine or Pork Market Formula          107,643     93,999    134,857     24,223
  Other Purchase Arrangement             69,973     59,970     82,655     83,091
  Negotiated Formula                      1,689      1,689      1,974          0
Packer Sold (all purchase types)         10,813     10,604     15,198      2,022
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,220

Compared to Prior Day's closing weighted average (LM_HG200),  0.78 lower

Base Price Rng $84.79 - $87.50, Wtd Avg $85.61, 5 Day Rolling Avg $86.59
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 170

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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        COMBINED NEGOTIATED & NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,390

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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               NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
           REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS
       based on both Fat and Muscle Measurements for a 200 lb Carcass Basis

                             LOIN AREA/DEPTH (INCHES)

BF      4.0/ 1.4       5.0/ 1.7       6.0/ 2.0       7.0/ 2.3       8.0/ 2.7
0.4   87.79  90.56   89.29  92.34   90.29  94.12   91.29  95.90   91.79  98.27
0.5   84.79  90.56   87.79  92.34   90.29  94.12   90.79  95.90   91.79  98.27
0.6   84.79  89.00   87.79  90.64   89.29  92.42   90.29  94.20   91.29  96.58
0.7   84.79  87.50   84.79  88.94   87.79  90.73   89.00  92.51   90.50  94.88
0.8   83.79  86.50   84.79  87.50   87.50  89.03   87.50  90.81   89.00  93.18
0.9   83.77  84.50   84.79  86.50   84.79  87.33   87.50  89.11   87.50  91.49
1.0   81.79  84.50   83.79  84.50   84.50  85.64   86.50  87.79   87.50  89.79
1.1   79.96  82.50   81.74  83.79   83.52  84.79   84.50  85.30   86.50  89.29
1.2   77.41  80.79   79.19  81.79   80.97  83.79   82.50  84.79   84.50  87.79
1.4   66.39  77.29   68.17  80.79   69.95  81.79   71.73  83.79   74.11  84.79
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -8.48          175#   -3.00  2.25          205#   -6.78  4.50
    155#   -30.00  0.00          185#    0.00  4.00          215#   -6.78  4.25
    165#   -15.00  0.00          195#   -1.70  4.50          225#   -6.78  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 200.22 lb carcass, 0.63 inch back-fat,
7.02 square inch loin/2.34 inch loin depth, FFLI: 53.22%

Price Range $90.29 - $94.20
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 92,997

Base Price Range $84.79 - $98.38, Weighted Average $90.75
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,922

Compared to Prior Day's closing weighted average (LM_HG200), 0.46 lower

Price Rng $60.00 - $71.00, Wtd Avg $67.21, 5 Day Rolling Avg $68.03
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,507

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 3,429

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                 74,471               Illinois              16,770
Indiana               7,498               Kansas                 3,085
Kentucky                560               Michigan               2,697
Minnesota            34,871               Missouri               1,936
Mississippi             226               Montana                  621
North Carolina       10,921               North Dakota             385
Nebraska             13,173               Ohio                   7,434
Oklahoma              2,235               Pennsylvania             708
South Dakota          7,599               Tennessee                160
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*Price not reported due to confidentiality, for more information visit: 
www.ams.usda.gov/sites/default/files/media/ConfidentialityGuidelines.pdf

*Base Price is the price from which no discounts are subtracted and no premiums
are added.

Source:    USDA Livestock, Poultry & Grain Market News Division, Des Moines, IA
           515-284-4460      email:  desm.lpgmn@ams.usda.gov
           24 Hour recorded market information 515-284-4830
           www.ams.usda.gov/market-news/livestock-poultry-grain

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