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USDA-LM: Iowa/Minnesota Daily Direct Prior Day Purchased Swine

Des Moines, Iowa - Fri, Feb 09, 2018 - USDA Market News


IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, February 8, 2018

                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                                1,438           3,295          5,684
  Other Market Formula (Futures/Options)   15,371          16,772         13,125
  Swine or Pork Market Formula             84,164          76,859         88,558
  Other Purchase Arrangement               34,043          28,511         24,860
  Negotiated Formula                          518             491            536
Packer Sold (all purchase types)            8,305           7,516         11,735
--------------------------------------------------------------------------------
                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           805    15,371     83,192    34,043           0    133,411
  Base Price         70.49     69.02      72.37     73.12           *      72.16
Packer Sold
  Head Count                                                               7,726
  Base Price                                                               72.27
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,195

Compared to Prior Day's closing weighted average (LM_HG204),  0.88 lower

Base Price Rng $68.00 - $73.50, Wtd Avg $70.37, 5 Day Rolling Avg $72.31
--------------------------------------------------------------------------------
               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): 2,195

*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#   -30.00-10.00          175#   -3.00  1.00          205#    0.00  3.00
    155#   -30.00 -9.00          185#   -0.25  2.00          215#   -0.25  3.00
    165#   -15.00 -5.00          195#    0.00  3.00          225#   -2.25  2.00
--------------------------------------------------------------------------------
                  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): 86,923

Base Price Range $66.80 - $77.52, Weighted Average $72.36
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 414

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
---------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,097

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
---------------------------------------------------------------------------------
          COMBINED NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs):  1,511

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
---------------------------------------------------------------------------------
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN

Iowa                100,376             Minnesota             43,463
--------------------------------------------------------------------------------
*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
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