LM_HG207 Des Moines, Iowa Thu, Oct 19, 2017 USDA Market News EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 18, 2017 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 7,707 4,755 6,089 Other Market Formula (Futures/Options) 10,349 31,311 13,412 Swine or Pork Market Formula 40,446 41,430 48,380 Other Purchase Arrangement 31,092 36,335 20,188 Negotiated Formula 1,605 1,468 1,028 Packer Sold (all purchase types) 155 20 1,275 -------------------------------------------------------------------------------- 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 6,775 9,506 36,038 30,088 0 82,407 Base Price 61.58 61.42 62.08 67.40 * 63.91 Packer Sold Head Count 153 Base Price * -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 6,775 Compared to Prior Day's closing weighted average (LM_HG207), no comparison. Base Price Rng $59.00 - $63.00, Wtd Avg $61.58, 5 Day Rolling Avg $61.58 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 0 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 6,775 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- EASTERN CORNBELT 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 62.00 66.00 63.50 67.50 64.50 67.50 65.50 69.00 66.00 69.00 0.5 59.00 64.50 62.00 66.00 64.50 66.08 65.00 67.50 66.00 69.00 0.6 59.00 64.50 62.00 64.50 63.50 66.00 64.50 66.14 65.50 67.80 0.7 59.00 63.00 59.00 63.00 62.00 64.50 64.50 64.95 65.00 66.61 0.8 58.00 62.00 59.00 63.00 62.00 63.00 63.00 63.76 64.50 65.42 0.9 58.00 60.00 59.00 62.00 59.00 62.00 62.00 63.00 63.00 64.50 1.0 56.00 60.00 58.00 60.00 59.00 60.13 61.38 62.00 63.00 63.50 1.1 55.00 58.00 57.39 58.00 58.64 60.00 59.00 60.00 61.55 63.50 1.2 54.35 56.00 55.60 56.00 56.85 58.00 58.00 59.00 59.77 62.00 1.4 46.61 51.50 47.86 55.00 49.11 56.00 50.36 58.00 52.03 59.00 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -30.00 -5.95 175# -3.00 1.00 205# -4.76 3.00 155# -30.00 0.00 185# 0.00 1.50 215# -4.76 3.00 165# -15.00 0.00 195# -1.19 3.00 225# -4.76 1.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 185.90 lb carcass, 0.62 inch back-fat, 6.72 square inch loin/2.24 inch loin depth, FFLI: 53.36% Price Range $64.50 - $66.14 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 36,191 Base Price Range $56.60 - $68.42, Weighted Average $62.09 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 829 Compared to Prior Day's closing weighted average (LM_HG207), 0.67 lower Price Rng $41.62 - $50.50, Wtd Avg $47.05, 5 Day Rolling Avg $45.88 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,468 *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): 2,297 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Delaware 60 Georgia 497 Illinois 20,303 Indiana 22,789 Kentucky 1,704 Michigan 6,620 Mississippi 2 North Carolina 17,987 New York 173 Ohio 16,702 Pennsylvania 3,997 South Carolina 520 -------------------------------------------------------------------------------- *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 .