LM_HG200 Des Moines, Iowa Wed, Oct 18, 2017 USDA Market News NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Tuesday, October 17, 2017 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 20,137 22,053 18,498 Other Market Formula (Futures/Options) 54,525 44,971 24,382 Swine or Pork Market Formula 143,683 144,097 154,056 Other Purchase Arrangement 71,255 83,094 59,642 Negotiated Formula 1,245 1,136 2,228 Packer Sold (all purchase types) 15,103 17,922 19,721 -------------------------------------------------------------------------------- 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 15,486 53,662 133,164 68,695 0 271,007 Base Price 60.35 63.91 61.15 65.30 * 62.70 Packer Sold Head Count 14,184 Base Price 61.03 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 15,486 Compared to the prior day, on a plant by plant basis, weighted average base prices were 0.61 to 4.25 higher, mostly 0.75 to 1.75 higher. Active market activity with good demand. Compared to Prior Day's closing weighted average (LM_HG200), 1.98 higher Base Price Rng $53.00 - $62.50, Wtd Avg $60.35, 5 Day Rolling Avg $57.94 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 0 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold) Barrows & Gilts (carcass basis): 15,486 *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 64.00 57.50 65.50 58.50 65.50 59.50 67.00 60.00 67.00 0.5 53.00 62.50 56.00 64.00 58.50 64.50 59.00 65.50 60.00 66.68 0.6 53.00 62.50 56.00 62.50 57.50 64.00 58.50 64.50 59.50 65.53 0.7 53.00 61.00 53.00 61.50 56.00 62.50 58.50 64.50 59.00 64.38 0.8 52.00 60.50 53.00 61.00 56.00 62.00 57.50 63.50 59.00 64.50 0.9 52.00 60.00 53.00 60.50 53.00 61.50 56.00 62.50 58.50 64.50 1.0 50.00 58.00 52.00 60.00 53.00 61.00 56.00 62.00 57.50 63.50 1.1 49.00 56.00 52.00 58.00 53.00 60.50 53.00 61.50 57.50 62.50 1.2 49.00 54.00 50.00 56.00 52.00 60.00 53.00 61.00 56.00 62.00 1.4 45.05 50.50 46.25 54.00 47.46 56.00 48.67 60.00 50.28 61.00 --------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -5.75 175# -4.00 2.25 205# -4.60 4.50 155# -30.00 0.00 185# -1.00 4.00 215# -4.60 4.25 165# -15.00 0.00 195# -1.15 4.50 225# -4.60 1.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 203.10 lb carcass, 0.63 inch back-fat, 7.08 square inch loin/2.36 inch loin depth, FFLI: 53.23% Price Range $58.50 - $64.50 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 142,961 Base Price Range $54.32 - $70.34, Weighted Average $61.10 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 4,163 Compared to Prior Day's closing weighted average (LM_HG200), 3.01 higher Price Rng $39.00 - $48.00, Wtd Avg $47.40, 5 Day Rolling Avg $44.72 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,054 *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): 5,217 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN California 288 Canada 150 Georgia 3 Iowa 108,241 Illinois 25,972 Indiana 18,745 Kansas 3,861 Kentucky 1,925 Maryland 486 Michigan 11,022 Minnesota 57,943 Missouri 5,938 Mississippi 615 Montana 396 North Carolina 18,092 North Dakota 168 Nebraska 16,825 New York 414 Ohio 17,565 Oklahoma 8 Pennsylvania 3,646 South Carolina 170 South Dakota 10,838 Utah 596 Virginia 75 Wisconsin 1,966 -------------------------------------------------------------------------------- *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 .