LM_HG200 ****CORRECTION ON NEGOTIATED CARCASS HOGS**** Des Moines, Iowa Tue, Oct 17, 2017 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Monday, October 16, 2017 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 10,995 10,741 7,626 Other Market Formula (Futures/Options) 39,402 26,692 28,828 Swine or Pork Market Formula 151,020 144,374 155,887 Other Purchase Arrangement 153,505 169,287 151,429 Negotiated Formula 2,336 1,198 1,942 Packer Sold (all purchase types) 12,614 11,801 17,560 -------------------------------------------------------------------------------- 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 6,096 38,593 142,430 150,228 0 337,347 Base Price 58.37 62.68 60.31 65.77 * 62.98 Packer Sold Head Count 12,530 Base Price 59.49 -------------------------------------------------------------------------------- ******NEGOTIATED PURCHASE (Including Packer Sold)****** Barrows & Gilts (carcass basis): 6,096 Compared to the prior day, on a plant by plant basis, weighted average base prices were 0.75 lower to 2.05 higher, mostly 1.00 to 1.50 higher. Slow market activity with light to moderate demand. Compared to Prior Day's closing weighted average (LM_HG200), 0.78 higher Base Price Rng $53.00 - $60.75, Wtd Avg $58.37, 5 Day Rolling Avg $56.13 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 160 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 6,256 *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 56.00 61.00 57.50 62.50 58.50 63.11 59.50 64.31 60.00 65.90 0.5 53.00 60.73 56.00 61.92 58.50 63.11 59.00 64.31 60.00 65.90 0.6 53.00 59.59 56.00 60.78 57.50 61.98 58.50 63.17 59.50 64.76 0.7 53.00 58.45 53.00 59.65 56.00 60.84 58.50 62.03 59.00 63.63 0.8 52.00 57.31 53.00 58.51 56.00 59.70 57.50 60.90 59.00 62.49 0.9 52.00 56.18 53.00 57.37 53.00 58.57 56.00 59.76 58.00 61.35 1.0 50.00 55.04 52.00 56.23 53.00 57.43 56.00 58.62 57.50 60.21 1.1 49.00 53.62 52.00 54.81 53.00 56.01 53.00 57.20 57.00 59.50 1.2 49.00 51.91 50.00 53.11 52.00 54.30 53.00 55.50 55.00 58.00 1.4 44.52 47.50 45.72 51.00 46.91 52.00 48.10 54.00 49.70 55.00 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -5.69 175# -3.00 2.25 205# -4.55 4.50 155# -30.00 0.00 185# 0.00 4.00 215# -4.55 4.25 165# -15.00 0.00 195# -1.14 4.50 225# -4.55 1.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 202.90 lb carcass, 0.63 inch back-fat, 7.05 square inch loin/2.35 inch loin depth, FFLI: 53.21% Price Range $58.50 - $63.17 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 150,283 Base Price Range $51.95 - $70.51, Weighted Average $60.21 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 4,575 Compared to Prior Day's closing weighted average (LM_HG200), 1.10 higher Price Rng $36.50 - $48.00, Wtd Avg $44.39, 5 Day Rolling Avg $43.62 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 2,098 *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): 6,673 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Arkansas 79 Georgia 331 Iowa 181,677 Illinois 32,214 Indiana 21,271 Kansas 4,611 Kentucky 2,293 Michigan 5,955 Minnesota ***47,377*** Missouri 7,205 Mississippi 341 Montana 647 North Carolina 13,910 North Dakota 550 Nebraska 14,218 Ohio 19,925 Oklahoma 2,849 Pennsylvania 4,216 South Carolina 350 South Dakota 9,206 Texas 4 Utah 90 Virginia 25 Wisconsin 688 -------------------------------------------------------------------------------- *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 .