Western Cornbelt Daily Direct Hogs Afternoon
LM_HG212
Des Moines, Iowa                Fri, Dec 08, 2017               USDA Market News

WESTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Friday, December 8, 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                                4,555      4,555      3,313      3,955
Other Market Formula (Futures/Options)   22,168     22,168     26,188     48,695
Swine or Pork Market Formula            116,895    116,895    121,248    123,778
Other Purchase Arrangement               37,820     37,820     42,834     33,314
Negotiated Formula                            0          0         50        180
Packer Sold (all purchase types)          9,198      9,198     10,047      8,601
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 3,361

Compared to Prior Day's closing weighted average (LM_HG208), 0.06 lower

Base Price Rng $53.00 - $60.00, Wtd Avg $59.15, 5 Day Rolling Avg $59.26
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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): 3,361

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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          WESTERN CORNBELT 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  -9.00        175#   -3.00  2.25          205#    0.00  4.50
   155#    -30.00  -4.20        185#    0.00  4.00          215#    0.00  4.25
   165#    -15.00  -1.80        195#    0.00  4.50          225#   -1.33  1.00
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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): 127,653

Base Price Range $56.26 - $78.56, Weighted Average $62.77
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,189

Compared to Prior Day's closing weighted average (LM_HG208), no comparison

Price Rng $43.75 - $50.00, Wtd Avg $47.02, 5 Day Rolling Avg $46.76
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,125

*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): 2,314

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

Iowa                112,930               Kansas                 2,891
Minnesota            50,369               Missouri               3,090
Nebraska             21,711               South Dakota           9,661
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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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