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USDA-LM: National Daily Direct Hogs Afternoon

Des Moines, Iowa - Fri, Nov 10, 2017 - USDA Market News


NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, November 10, 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                                9,022      9,022      5,494      4,603
Other Market Formula (Futures/Options)   53,075     53,075     52,574     45,832
Swine or Pork Market Formula            161,268    161,268    157,038    164,842
Other Purchase Arrangement               67,672     67,672     69,239     59,287
Negotiated Formula                        3,020      3,020      2,458      1,568
Packer Sold (all purchase types)         11,248     11,248     10,760     13,175
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 7,650

Compared to Prior Day's closing weighted average (LM_HG200),  0.17 lower

Base Price Rng $54.00 - $60.75, Wtd Avg $59.70, 5 Day Rolling Avg $60.39
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 510

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

Barrows & Gilts (carcass basis): 8,160

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
--------------------------------------------------------------------------------
               NATIONAL 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   57.00  63.32   58.50  64.57   59.50  65.81   60.50  67.06   61.00  68.72
0.5   54.00  63.32   57.00  64.57   59.50  65.81   60.00  67.06   61.00  68.72
0.6   54.00  62.14   57.00  63.38   58.50  64.63   59.50  65.87   60.50  67.53
0.7   54.00  60.95   54.00  62.20   57.00  63.44   59.50  64.69   60.00  66.35
0.8   53.00  59.76   54.00  61.01   57.00  62.25   58.50  63.50   60.00  65.16
0.9   53.00  58.58   54.00  59.82   54.00  61.07   57.00  62.31   59.50  63.97
1.0   51.00  57.39   53.00  58.64   54.00  59.88   57.00  61.13   58.50  62.79
1.1   50.00  55.91   53.00  57.16   54.00  59.00   54.00  60.00   58.50  61.31
1.2   50.00  54.13   51.00  55.38   53.00  58.50   54.00  59.50   56.50  60.50
1.4   46.42  47.50   47.67  51.50   48.91  54.50   50.16  58.50   51.82  59.50
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -5.93          175#   -4.00  2.25          205#   -4.74  4.50
    155#   -30.00  0.00          185#   -1.00  4.00          215#   -4.74  4.25
    165#   -15.00  0.00          195#   -1.19  4.50          225#   -4.74  1.00
--------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 203.82 lb carcass, 0.68 inch back-fat,
7.11 square inch loin/2.37 inch loin depth, FFLI: 52.47%

Price Range $59.50 - $64.69
--------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 161,465

Base Price Range $57.92 - $76.15, Weighted Average $64.11
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,077

Compared to Prior Day's closing weighted average (LM_HG200), 1.23 higher

Price Rng $41.88 - $52.25, Wtd Avg $48.25, 5 Day Rolling Avg $48.07
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 2,510

*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): 3,587

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

Canada                  588               Delaware                  45
Georgia                 342               Iowa                 114,391
Illinois             24,279               Indiana               29,014
Kansas                3,147               Kentucky               2,733
Maryland                 85               Michigan               9,995
Minnesota            50,125               Missouri               5,267
Mississippi             162               Montana                  205
North Carolina       14,114               North Dakota             380
Nebraska             22,658               New York                 170
Ohio                 14,869               Pennsylvania           3,369
South Carolina          170               South Dakota           6,464
Tennessee             2,089               Wisconsin                644
--------------------------------------------------------------------------------
*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

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