LM_HG202 Des Moines, Iowa Wed, Oct 11, 2017 USDA Market News NATIONAL DAILY DIRECT MORNING HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 11, 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 14,288 10,152 8,603 7,495 Other Market Formula 28,593 26,283 23,346 12,059 Swine or Pork Market Formula 110,944 99,809 92,144 94,741 Other Purchase Arrangement 57,915 52,894 57,816 48,906 Negotiated Formula 2,095 1,245 1,293 0 Packer Sold (all purchase types) 11,942 11,942 9,935 15,699 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 8,755 Compared to Prior Day's closing weighted average (LM_HG200), 0.25 higher Base Price Rng $50.00 - $56.25, Wtd Avg $55.25, 5 Day Rolling Avg $53.63 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 486 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 9,241 *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 53.00 57.82 54.50 58.96 55.50 60.10 56.50 61.23 57.00 62.75 0.5 50.00 57.82 53.00 58.96 55.50 60.10 56.00 61.23 57.00 62.75 0.6 50.00 56.74 53.00 57.88 54.50 59.01 55.50 60.15 56.50 61.67 0.7 50.00 56.00 50.00 56.79 53.00 57.93 55.50 59.50 56.00 60.58 0.8 49.00 55.50 50.00 56.00 53.00 57.00 54.50 58.50 56.00 59.50 0.9 49.00 55.00 50.00 55.50 50.00 56.50 53.00 57.50 55.50 59.50 1.0 47.00 53.00 49.00 55.00 50.00 56.00 53.00 57.00 54.50 58.50 1.1 46.00 51.05 49.00 53.00 50.00 55.50 50.00 56.50 54.50 57.50 1.2 46.00 49.43 47.00 51.00 49.00 55.00 50.00 56.00 53.00 57.00 1.4 42.39 45.50 43.53 49.00 44.67 51.00 45.80 55.00 47.32 56.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -5.41 175# -4.00 2.25 205# -4.33 4.50 155# -30.00 0.00 185# -1.00 4.00 215# -4.33 4.25 165# -15.00 0.00 195# -1.08 4.50 225# -4.33 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 206.09 lb carcass, 0.68 inch back-fat, 7.33 square inch loin/2.44 inch loin depth, FFLI: 52.58% Price Range $55.50 - $59.50 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 102,032 Base Price Range $51.24 - $68.89, Weighted Average $58.57 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,359 Compared to Prior Day's closing weighted average (LM_HG200), 2.21 lower Price Rng $38.75 - $44.50, Wtd Avg $41.51, 5 Day Rolling Avg $42.36 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,156 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 2,515 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 82,273 Illinois 19,404 Indiana 8,392 Kansas 4,664 Kentucky 1,640 Maryland 206 Michigan 3,079 Minnesota 37,589 Missouri 3,311 Mississippi 590 Montana 601 North Carolina 11,886 North Dakota 355 Nebraska 7,835 New York 517 Ohio 7,460 Oklahoma 2,767 Pennsylvania 2,542 South Carolina 340 South Dakota 6,494 Wisconsin 345 -------------------------------------------------------------------------------- *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 1100C .