LM_HG200 Des Moines, Iowa Wed, Oct 11, 2017 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Tuesday, October 10, 2017 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 22,053 15,383 12,636 Other Market Formula 44,971 67,328 27,198 Swine or Pork Market Formula 144,097 141,925 142,736 Other Purchase Arrangement 83,094 67,867 58,085 Negotiated Formula 1,136 1,091 1,791 Packer Sold (all purchase types) 17,922 14,906 16,532 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER NEGOTIATED TOTALS/ MARKET OR PORK PURCHASE FORMULA WTD AVG FORMULA MARKET ARRGMENT FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 16,646 44,628 134,276 80,710 0 276,260 Base Price 54.98 62.78 56.83 64.59 * 59.95 Packer Sold Head Count 17,218 Base Price 56.28 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 18,296 Compared to the prior day, on a plant by plant basis, weighted average base prices were 0.24 to 5.00 higher, market trend not well established. Active market activity with moderate to good demand. Compared to Prior Day's closing weighted average (LM_HG200), 1.57 higher Base Price Rng $48.00 - $56.25, Wtd Avg $55.00, 5 Day Rolling Avg $52.97 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 990 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 19,286 *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 51.00 58.50 52.50 60.00 53.50 60.00 54.50 61.50 54.50 61.50 0.5 48.00 57.00 51.00 58.50 53.50 59.50 54.00 60.00 54.50 61.21 0.6 48.00 57.00 51.00 57.00 52.50 58.50 53.50 59.50 54.50 60.15 0.7 48.00 56.00 48.00 56.50 51.00 57.50 53.50 59.50 54.00 59.09 0.8 47.00 55.50 48.00 56.00 51.00 57.00 52.50 58.50 54.00 59.50 0.9 47.00 55.00 48.00 55.50 48.00 56.50 51.00 57.50 53.50 59.50 1.0 45.00 53.00 47.00 55.00 48.00 56.00 51.00 57.00 52.50 58.50 1.1 44.00 51.00 47.00 53.00 48.00 55.50 48.00 56.50 52.50 57.50 1.2 44.00 48.50 45.00 51.00 47.00 55.00 48.00 56.00 51.00 57.00 1.4 39.50 44.50 42.46 48.00 43.57 51.00 44.68 55.00 46.16 56.00 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -5.28 175# -4.00 2.25 205# -4.22 4.50 155# -30.00 0.00 185# -1.00 4.00 215# -4.22 4.25 165# -15.00 0.00 195# -1.06 4.50 225# -4.22 1.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 206.10 lb carcass, 0.68 inch back-fat, 7.33 square inch loin/2.44 inch loin depth, FFLI: 52.58% Price Range $53.50 - $59.50 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 143,227 Base Price Range $48.56 - $68.89, Weighted Average $56.76 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 4,909 Compared to Prior Day's closing weighted average (LM_HG200), 1.30 higher Price Rng $38.00 - $45.50, Wtd Avg $43.72, 5 Day Rolling Avg $41.46 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,136 *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): 6,045 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Arkansas 2 California 351 Canada 215 Georgia 1 Iowa 131,901 Illinois 27,726 Indiana 20,673 Kansas 4,285 Kentucky 1,842 Maryland 203 Michigan 11,115 Minnesota 49,154 Missouri 3,652 Mississippi 592 Montana 409 North Carolina 12,932 North Dakota 389 Nebraska 15,388 New York 522 Ohio 16,579 Oklahoma 2,773 Pennsylvania 3,507 South Carolina 340 South Dakota 7,848 Utah 365 Wisconsin 509 -------------------------------------------------------------------------------- *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 0800C .