LM_HG208 ****CORRECTION ON NEGOTIATED CARCASS HOGS**** Des Moines, Iowa Tue, Oct 17, 2017 USDA Market News WESTERN CORNBELT 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 3,963 6,793 3,017 Other Market Formula (Futures/Options) 26,499 20,501 13,338 Swine or Pork Market Formula 102,085 101,368 110,727 Other Purchase Arrangement 117,721 129,933 118,127 Negotiated Formula 1,591 928 1,140 Packer Sold (all purchase types) 12,435 11,795 12,485 -------------------------------------------------------------------------------- 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 3,411 26,499 98,893 115,851 0 244,654 Base Price 59.57 61.60 60.29 65.83 * 63.05 Packer Sold Head Count 12,365 Base Price 59.46 -------------------------------------------------------------------------------- ******NEGOTIATED PURCHASE (Including Packer Sold)****** Barrows & Gilts (carcass basis): 3,411 Compared to Prior Day's closing weighted average (LM_HG208), 1.22 higher Base Price Rng $53.00 - $60.75, Wtd Avg $59.57, 5 Day Rolling Avg $56.51 -------------------------------------------------------------------------------- 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): 3,411 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- WESTERN 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 *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): 106,581 Base Price Range $51.95 - $70.51, Weighted Average $60.16 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 461 Compared to Prior Day's closing weighted average (LM_HG208), 0.62 lower Price Rng $36.50 - $46.70, Wtd Avg $41.78, 5 Day Rolling Avg $41.96 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,591 *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): 2,052 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Iowa 181,677 Kansas 4,611 ***Minnesota 47,377*** Missouri 7,205 Nebraska 14,218 South Dakota 9,206 -------------------------------------------------------------------------------- *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 .