National Daily Direct Hogs Morning
LM_HG202
Des Moines, Iowa                Thu, Oct 12, 2017               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, October 12, 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                              9,528      6,177      7,898      3,266
  Other Market Formula                   41,995     40,093     32,666     12,783
  Swine or Pork Market Formula          119,885    112,064     98,827    103,086
  Other Purchase Arrangement             64,889     61,167     55,564     50,583
  Negotiated Formula                      1,723      1,725      1,343        348
Packer Sold (all purchase types)          8,685      8,525     11,721     21,160
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,825

Compared to Prior Day's closing weighted average (LM_HG200),  0.41 higher

Base Price Rng $52.00 - $58.00, Wtd Avg $56.24, 5 Day Rolling Avg $54.80
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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): 5,471

*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  58.54   56.50  60.00   57.50  60.84   58.50  61.99   59.00  63.52
0.5   52.00  58.54   55.00  59.69   57.50  60.84   58.00  61.99   59.00  63.52
0.6   52.00  57.44   55.00  58.59   56.50  59.74   57.50  60.89   58.50  62.43
0.7   52.00  56.34   52.00  57.50   55.00  58.65   57.00  59.80   58.00  61.33
0.8   51.00  55.25   52.00  56.40   55.00  57.55   55.50  58.70   57.00  60.24
0.9   51.00  54.15   52.00  55.30   52.00  56.45   55.00  57.61   55.50  59.14
1.0   49.00  53.06   51.00  54.21   52.00  55.36   54.50  56.51   55.50  58.04
1.1   48.00  51.69   50.50  52.84   52.00  53.99   52.00  55.14   54.50  56.67
1.2   48.00  50.04   48.50  51.19   50.50  52.34   50.50  53.49   52.50  55.03
1.4   42.50  44.50   44.07  48.00   45.22  49.00   46.37  51.00   47.90  52.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -5.48          175#   -3.00  2.25          205#   -4.38  4.50
    155#   -30.00  0.00          185#    0.00  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): 111,632

Base Price Range $51.78 - $69.22, Weighted Average $59.02
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,006

Compared to Prior Day's closing weighted average (LM_HG200), 1.56 lower

Price Rng $40.00 - $44.00, Wtd Avg $41.15, 5 Day Rolling Avg $42.62
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,565

*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): 2,571

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

Iowa                 77,304               Illinois              41,393
Indiana               5,640               Kansas                 3,850
Kentucky              1,810               Michigan               4,099
Minnesota            33,144               Missouri               2,906
Mississippi             160               North Carolina        17,923
Nebraska             14,466               New York                 174
Ohio                 13,943               Oklahoma               3,470
Pennsylvania          2,513               South Carolina           520
South Dakota          6,076               Wisconsin                360
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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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