LM_HG210 Des Moines, Iowa Wed, Oct 18, 2017 USDA Market News EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 18, 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 7,997 7,997 5,858 7,812 Other Market Formula (Futures/Options) 9,564 9,564 13,464 14,651 Swine or Pork Market Formula 43,552 43,552 44,090 45,154 Other Purchase Arrangement 30,741 30,741 30,755 18,977 Negotiated Formula 2,353 2,353 1,743 2,174 Packer Sold (all purchase types) 2,244 2,244 3,103 2,097 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 5,615 Compared to Prior Day's closing weighted average (LM_HG207), no comparison Base Price Rng $59.00 - $63.00, Wtd Avg $61.29, 5 Day Rolling Avg $60.24 --------------------------------------------------------------------------------- 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): 5,615 *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: 187.61 lb carcass, 0.62 inch back-fat, 6.78 square inch loin/2.26 inch loin depth, FFLI: 53.38% Price Range $64.50 - $66.14 -------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 36,179 Base Price Range $56.60 - $68.83, Weighted Average $61.49 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 627 Compared to Prior Day's closing weighted average (LM_HG207), 1.12 lower Price Rng $41.62 - $50.50, Wtd Avg $46.60, 5 Day Rolling Avg $45.82 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 1,299 *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): 1,926 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Georgia 497 Illinois 19,974 Indiana 21,080 Kentucky 1,742 Maryland 486 Michigan 6,257 Mississippi 274 North Carolina 18,092 New York 429 Ohio 12,812 Pennsylvania 3,182 South Carolina 170 Virginia 75 Wisconsin 202 -------------------------------------------------------------------------------- *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 .