LM_HG203 ****CORRECTION WHERE STARRED**** Des Moines, Iowa Tue, Oct 17, 2017 USDA Market News NATIONAL DAILY DIRECT AFTERNOON HOG REPORT PLANT DELIVERED PURCHASE DATA FOR Tuesday, October 17, 2017 (Includes information from 1:30 PM to 1:30 PM.) CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Estimated Actual Actual Actual Today Today Week Ago Year Ago Producer Sold Negotiated ****19,546**** 19,546 17,454 17,933 Other Market Formula (Futures/Options) 52,777 52,777 34,014 26,775 Swine or Pork Market Formula ****138,751*** 138,751 146,675 145,661 Other Purchase Arrangement 68,214 68,214 88,851 59,724 Negotiated Formula 1,253 1,253 1,136 2,228 Packer Sold (all purchase types) 12,855 12,855 15,985 22,966 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 14,689 Compared to Prior Day's closing weighted average (LM_HG200), 2.07 higher Base Price Rng $53.00 - $62.50, Wtd Avg $60.44, 5 Day Rolling Avg $57.77 -------------------------------------------------------------------------------- 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): 14,689 *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 48.00 46.25 53.00 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: 202.86 lb carcass, 0.63 inch back-fat, 7.05 square inch loin/2.35 inch loin depth, FFLI: 53.21% Price Range $58.50 - $64.50 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 140,077 Base Price Range $51.95 - $70.51, Weighted Average $60.67 -------------------------------------------------------------------------------- ****NEGOTIATED PURCHASE (Including Packer Sold)**** Barrows & Gilts (live basis, 240-320 lbs): 4,409 Compared to Prior Day's closing weighted average (LM_HG200), 2.99 higher Price Rng $42.00 - $48.00, Wtd Avg $47.38, 5 Day Rolling Avg $44.55 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,062 *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): 5,471 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Arkansas 75 Canada 150 Iowa 99,616 Illinois 25,874 Indiana 16,119 Kansas 3,180 Kentucky 2,295 Michigan 10,642 Minnesota 60,246 Missouri 5,253 Mississippi 340 Montana 650 North Carolina 14,087 North Dakota 693 Nebraska 14,879 Ohio 19,090 Oklahoma 809 Pennsylvania 5,191 South Carolina 350 South Dakota 11,397 Utah 90 Virginia 25 Wisconsin 2,345 -------------------------------------------------------------------------------- *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 1500C .