LM_HG202 Des Moines, Iowa Wed, Oct 18, 2017 USDA Market News NATIONAL DAILY DIRECT MORNING HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 18, 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 9,733 6,433 10,152 6,177 Other Market Formula (Futures/Options) 23,076 20,076 26,283 14,830 Swine or Pork Market Formula 117,808 102,676 99,809 104,679 Other Purchase Arrangement 58,819 55,237 52,894 48,476 Negotiated Formula 2,376 1,356 1,245 0 Packer Sold (all purchase types) 10,444 10,444 11,942 17,177 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 5,937 Compared to Prior Day's closing weighted average (LM_HG200), 0.48 higher Base Price Rng $53.00 - $63.50, Wtd Avg $60.83, 5 Day Rolling Avg $59.07 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 0 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 5,937 *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 64.50 57.50 65.50 58.50 66.50 59.50 67.33 60.00 69.00 0.5 53.00 64.00 56.00 64.83 58.50 66.50 59.00 67.33 60.00 69.00 0.6 53.00 63.50 56.00 64.00 57.50 65.50 58.50 66.50 59.50 67.80 0.7 53.00 63.00 53.00 63.50 56.00 64.50 58.50 66.50 59.00 66.61 0.8 52.00 62.50 53.00 63.00 56.00 64.00 57.50 65.50 59.00 66.50 0.9 52.00 62.00 53.00 62.50 53.00 63.50 56.00 64.50 58.50 66.50 1.0 50.00 60.00 52.00 62.00 53.00 63.00 56.00 64.00 57.50 65.50 1.1 49.00 58.00 52.00 60.00 53.00 62.50 53.00 63.50 57.50 64.50 1.2 49.00 55.00 50.00 58.00 52.00 62.00 53.00 63.00 56.00 64.00 1.4 45.50 50.50 47.86 55.00 49.11 58.00 50.36 62.00 52.03 63.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -5.95 175# -4.00 2.25 205# -4.76 4.50 155# -30.00 0.00 185# -1.00 4.00 215# -4.76 4.25 165# -15.00 0.00 195# -1.19 4.50 225# -4.76 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 203.04 lb carcass, 0.63 inch back-fat, 7.08 square inch loin/2.36 inch loin depth, FFLI: 53.23% Price Range $58.50 - $66.50 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 106,245 Base Price Range $55.74 - $70.34, Weighted Average $62.36 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 417 Compared to Prior Day's closing weighted average (LM_HG200), 1.67 lower Price Rng $41.62 - $50.50, Wtd Avg $45.73, 5 Day Rolling Avg $45.01 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,330 *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): 1,747 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Canada 221 Iowa 82,043 Illinois 16,100 Indiana 6,761 Kansas 4,005 Kentucky 400 Maryland 486 Michigan 2,781 Minnesota 34,415 Missouri 4,916 Mississippi 274 Montana 431 North Carolina 17,012 North Dakota 25 Nebraska 14,568 New York 429 Ohio 5,676 Pennsylvania 2,527 South Carolina 170 South Dakota 6,531 Virginia 75 Wisconsin 202 -------------------------------------------------------------------------------- *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 .