LM_HG204 ****CORRECTION ON NEGOTIATED CARCASS HOGS**** Des Moines, Iowa Tue, Oct 17, 2017 USDA Market News IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN 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 3,817 6,552 1,965 Other Market Formula (Futures/Options) 24,319 17,591 12,853 Swine or Pork Market Formula 82,523 83,710 87,603 Other Purchase Arrangement 105,860 121,563 110,997 Negotiated Formula 166 620 1,140 Packer Sold (all purchase types) 12,369 11,683 12,316 -------------------------------------------------------------------------------- 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 3,361 24,319 79,908 105,860 0 213,448 Base Price 59.66 60.91 60.44 65.89 * 63.18 Packer Sold Head Count 12,365 Base Price 59.46 -------------------------------------------------------------------------------- ******NEGOTIATED PURCHASE (Including Packer Sold)****** Barrows & Gilts (carcass basis): 3,361 Compared to Prior Day's closing weighted average (LM_HG204), 1.33 higher Base Price Rng $53.00 - $60.75, Wtd Avg $59.66, 5 Day Rolling Avg $56.55 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 0 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- COMBINED NEGOTIATED & FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 3,361 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- IOWA/MINNESOTA 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 *Price not reported due to confidentiality* -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -9.11 175# -3.00 2.25 205# 0.00 4.50 155# -30.00 -4.25 185# 0.00 4.00 215# 0.00 4.25 165# -15.00 -1.82 195# 0.00 4.50 225# -1.33 1.00 -------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED *Price not reported due to confidentiality* -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 87,596 Base Price Range $51.95 - $70.51, Weighted Average $60.26 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 390 Compared to Prior Day's closing weighted average (LM_HG204), Price Rng $36.50 - $46.70, Wtd Avg $42.09, 5 Day Rolling Avg $42.17 --------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 166 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- COMBINED NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 556 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- --------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 181,677 ***Minnesota 47,377*** -------------------------------------------------------------------------------- *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 .