National Daily Direct Prior Purchased Swine
LM_HG200
Des Moines, Iowa                Fri, Sep 21, 2018               USDA Market News

NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, September 20, 2018

                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                               14,545           7,904         14,585
  Other Market Formula (Futures/Options)   56,478          30,731         46,599
  Swine or Pork Market Formula            125,786         122,089        135,721
  Other Purchase Arrangement               78,347          96,107         57,323
  Negotiated Formula                        1,367             615          2,688
Packer Sold (all purchase types)            7,067           8,506         12,030
--------------------------------------------------------------------------------
                NEGOTIATED     OTHER       SWINE       OTHER NEGOTIATED  TOTALS/
                              MARKET     OR PORK    PURCHASE    FORMULA  WTD AVG
                             FORMULA      MARKET    ARRGMENT
                           (FUT/OPT)**   FORMULA
Barrows & Gilts (carcass basis):

Producer Sold
  Head Count        12,924    55,510     120,351      74,996        100  263,881
  Base Price         58.39     60.62       58.93       63.45          *    60.52
Packer Sold
  Head Count                                                               6,727
  Base Price                                                               58.42
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):   13,099

Compared to the prior day, on a plant by plant basis, weighted average base 
prices were 1.00 lower to 4.20 higher, mostly 0.75 to 2.75 higher with a few
3.25 higher. Moderate to active market activity with moderate to good demand.

Compared to Prior Day's closing weighted average (LM_HG200),   2.14 higher

Base Price Rng $50.00 - $61.00, Wtd Avg $58.37, 5 Day Rolling Avg $54.22
---------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):   100

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

Barrows & Gilts (carcass basis):   13,199

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
---------------------------------------------------------------------------------
                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   53.00  61.00   54.50  62.50   55.50  63.50   56.50  64.50   57.00  65.00
0.5   50.00  59.69   53.00  61.00   55.50  63.50   56.00  64.00   57.00  65.00
0.6   50.00  59.50   53.00  61.00   54.50  62.50   55.50  63.50   56.50  64.50
0.7   50.00  58.00   50.00  58.63   53.00  61.00   55.50  63.50   56.00  64.00
0.8   49.00  57.50   50.00  58.00   53.00  61.00   54.50  62.50   56.00  64.00
0.9   49.00  57.00   50.00  58.00   50.00  58.50   53.00  61.00   55.50  63.50
1.0   47.00  55.00   49.00  57.00   50.00  58.00   53.00  61.00   54.50  62.50
1.1   46.00  54.00   49.00  57.00   50.00  58.00   50.00  58.50   54.50  62.50
1.2   46.00  54.00   47.00  55.00   49.00  57.00   50.00  58.00   53.00  61.00
1.4   42.50  50.50   44.94  54.00   46.11  55.00   47.28  57.00   48.85  58.00
---------------------------------------------------------------------------------
                          CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -5.59          175#   -4.00  1.00          205#   -4.47  3.00
    155#   -30.00  0.00          185#   -1.00  1.50          215#   -4.47  3.00
    165#   -15.00  0.00          195#   -1.12  3.00          225#   -4.47  1.00
---------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 199.90 lb carcass, 0.66 inch back-fat,
7.11 square inch loin/2.37 inch loin depth, FFLI: 52.81%

Price Range $55.50 - $63.50
---------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 124,112

Base Price Range $49.02 - $74.47, Weighted Average $58.87
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,278

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

Price Rng $32.50 - $45.00, Wtd Avg $42.37, 5 Day Rolling Avg $40.38
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,512

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

Barrows & Gilts (live basis, 240-320 lbs): 2,790

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

Alabama                 505             Canada                   139
Iowa                 97,377             Illinois              17,183
Indiana              17,126             Kansas                 3,084
Kentucky              1,520             Michigan               9,673
Minnesota            70,567             Missouri               3,278
Mississippi             165             North Carolina        13,234
North Dakota            560             Nebraska              19,259
Ohio                 16,996             Oklahoma               2,534
Pennsylvania          4,270             South Dakota           4,529
Tennessee             1,266             Wisconsin                325
--------------------------------------------------------------------------------
*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.
** Futures/Options

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
0800C

.