LM_HG207 Des Moines, Iowa Thu, Nov 16, 2017 USDA Market News EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Wednesday, November 15, 2017 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 8,155 4,480 5,888 Other Market Formula (Futures/Options) 12,335 12,354 16,379 Swine or Pork Market Formula 36,931 38,045 39,848 Other Purchase Arrangement 34,458 38,916 20,389 Negotiated Formula 789 837 853 Packer Sold (all purchase types) 302 2 960 -------------------------------------------------------------------------------- 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 7,495 11,172 33,909 33,432 0 86,008 Base Price 58.01 59.28 63.05 70.40 * 64.98 Packer Sold Head Count 300 Base Price * -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 7,495 Compared to Prior Day's closing weighted average (LM_HG207), no comparison. Base Price Rng $55.00 - $58.57, Wtd Avg $58.01, 5 Day Rolling Avg $58.01 -------------------------------------------------------------------------------- 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): 7,495 *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 58.00 62.55 59.50 63.78 60.50 65.01 60.00 66.24 60.00 67.88 0.5 55.00 62.55 58.00 63.78 60.50 65.01 60.00 66.24 60.00 67.88 0.6 55.00 61.38 58.00 62.61 59.50 63.84 60.50 65.07 60.00 66.71 0.7 55.00 60.21 55.00 61.44 58.00 62.67 59.00 63.90 60.00 65.54 0.8 54.00 59.04 55.00 60.27 57.50 61.50 57.50 62.73 59.00 64.37 0.9 54.00 57.87 55.00 59.10 55.00 60.33 57.50 61.56 57.50 63.20 1.0 52.00 56.70 54.00 57.93 54.50 59.16 56.50 60.39 57.50 62.03 1.1 51.00 55.23 52.50 56.46 54.50 58.00 54.50 59.00 56.50 60.56 1.2 50.00 53.47 50.50 54.70 52.50 57.50 52.50 58.50 54.50 59.50 1.4 44.50 47.50 47.09 51.00 47.50 53.50 49.55 57.50 50.50 58.50 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -32.00 -5.86 175# -4.00 0.00 205# -4.69 0.00 155# -19.00 0.00 185# -1.00 0.00 215# -4.69 0.00 165# -9.00 0.00 195# -1.17 0.00 225# -4.69 0.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 187.60 lb carcass, 0.62 inch back-fat, 6.57 square inch loin/2.19 inch loin depth, FFLI: 53.24% Price Range $60.50 - $65.07 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 34,209 Base Price Range $57.52 - $74.99, Weighted Average $63.11 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 517 Compared to Prior Day's closing weighted average (LM_HG207), 1.55 higher Price Rng $39.83 - $50.00, Wtd Avg $47.38, 5 Day Rolling Avg $46.73 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 789 *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): 1,306 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Alabama 340 Georgia 341 Illinois 24,373 Indiana 16,630 Kentucky 2,805 Michigan 8,712 North Carolina 16,694 New York 174 Ohio 15,577 Pennsylvania 4,550 South Carolina 520 Tennessee 1,931 Wisconsin 323 -------------------------------------------------------------------------------- *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 .