Iowa/Minnesota Daily Direct Hogs Afternoon
LM_HG206
Des Moines, Iowa                Thu, Aug 09, 2018               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, August 9, 2018
(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                                6,494      6,494      2,857      5,931
Other Market Formula (Futures/Options)   16,175     16,175     12,169     13,885
Swine or Pork Market Formula             65,131     65,131     72,041     69,312
Other Purchase Arrangement               26,867     26,867     25,783     18,060
Negotiated Formula                            0          0          0        330
Packer Sold (all purchase types)          3,544      3,544      4,030      9,525
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 6,288

Compared to Prior Day's closing weighted average (LM_HG204), 1.34 lower

Base Price Rng $45.00 - $48.00, Wtd Avg $46.04, 5 Day Rolling Avg $49.64
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 0                     5 Day Rolling Avg $--
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    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 6,288

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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           IOWA/MINNESOTA 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

*Price not reported due to confidentiality*
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -8.19          175#   -3.00  1.00          205#    0.00  3.00
    155#   -30.00 -4.55          185#   -0.25  2.00          215#   -0.25  3.00
    165#   -15.00 -2.73          195#    0.00  3.00          225#   -2.25  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

*Price not reported due to confidentiality*
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 80,443

Base Price Range $45.40 - $67.62, Weighted Average $56.43
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 50

*Price not reported due to confidentiality* 5 Day Rolling Avg $42.53
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,141

*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): 1,191

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

Iowa                111,178               Minnesota             47,521
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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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