National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Thu, Oct 12, 2017               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, October 12, 2017
(Includes information from 1:30 PM to 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                              8,701      8,701     14,017      5,285
  Other Market Formula                   52,770     52,770    108,665     28,969
  Swine or Pork Market Formula          149,408    149,408    133,400    136,016
  Other Purchase Arrangement             71,145     71,145     65,577     60,202
  Negotiated Formula                      1,890      1,890      1,861      2,911
Packer Sold (all purchase types)         11,796     11,796     16,058     17,460
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 6,451

Compared to Prior Day's closing weighted average (LM_HG200),  0.75 higher

Base Price Rng $52.00 - $58.50, Wtd Avg $56.58, 5 Day Rolling Avg $54.89
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 646

*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): 7,097

*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   55.00  60.00   56.50  61.50   57.50  61.50   58.00  63.00   58.00  63.52
0.5   52.00  58.54   55.00  60.00   57.50  60.84   58.00  61.99   58.00  63.52
0.6   52.00  58.50   55.00  58.59   56.50  60.00   57.50  60.89   58.00  62.43
0.7   52.00  57.00   52.00  57.50   55.00  58.65   57.00  59.80   58.00  61.33
0.8   51.00  56.00   52.00  57.00   55.00  57.55   55.50  58.70   57.00  60.24
0.9   51.00  55.00   52.00  56.00   52.00  56.50   55.00  57.61   55.50  59.50
1.0   49.00  54.00   51.00  55.00   52.00  56.00   54.50  57.00   55.50  58.50
1.1   48.00  52.00   50.50  53.00   52.00  55.50   52.00  56.50   54.50  57.50
1.2   48.00  50.04   48.50  51.19   50.50  55.00   50.50  56.00   52.50  57.00
1.4   42.50  44.50   44.07  48.00   45.22  51.00   46.37  55.00   47.90  56.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -5.48          175#   -4.00  2.25          205#   -4.38  4.50
    155#   -30.00  0.00          185#   -1.00  4.00          215#   -4.38  4.25
    165#   -15.00  0.00          195#   -1.10  4.50          225#   -4.38  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 206.01 lb carcass, 0.67 inch back-fat,
7.36 square inch loin/2.45 inch loin depth, FFLI: 52.75%

Price Range $57.00 - $59.80
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 148,891

Base Price Range $51.24 - $69.22, Weighted Average $58.00
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,904

Compared to Prior Day's closing weighted average (LM_HG200), 0.64 lower

Price Rng $40.00 - $44.50, Wtd Avg $42.07, 5 Day Rolling Avg $42.65
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,730

*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): 3,634

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

Canada                  210               Iowa                  99,186
Illinois             46,411               Indiana               16,871
Kansas                4,203               Kentucky               2,140
Michigan             10,326               Minnesota             43,118
Missouri              3,121               Mississippi              160
North Carolina       19,003               Nebraska              15,410
New York                174               Ohio                  19,984
Oklahoma              3,470               Pennsylvania           3,143
South Carolina          520               South Dakota           7,560
Wisconsin               700
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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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