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USDA-LM: National Daily Direct Hogs Morning

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


NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, November 10, 2017
(Includes information from 1:30 PM to 9:30 AM.)

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

                                      Estimated     Actual     Actual     Actual
                                          Today      Today   Week Ago   Year Ago
Producer Sold
Negotiated                                9,160      6,054      3,959      1,190
Other Market Formula (Futures/Options)   25,618     24,117     21,962     18,488
Swine or Pork Market Formula            128,390    113,600    108,246    108,052
Other Purchase Arrangement               53,995     48,266     54,083     44,665
Negotiated Formula                        2,692      2,216      1,690        170
Packer Sold (all purchase types)          8,341      8,341      9,494     11,234
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,212

Compared to Prior Day's closing weighted average (LM_HG200),  0.08 lower

Base Price Rng $54.00 - $60.75, Wtd Avg $59.79, 5 Day Rolling Avg $60.45
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 170

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

Barrows & Gilts (carcass basis): 5,382

*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   57.00  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): 114,895

Base Price Range $57.92 - $76.15, Weighted Average $65.18
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 402

Compared to Prior Day's closing weighted average (LM_HG200), 2.09 higher

Price Rng $41.88 - $52.25, Wtd Avg $49.11, 5 Day Rolling Avg $48.08
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 2,046

*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): 2,448

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

Canada                  588               Delaware                  45
Iowa                 76,535               Illinois              19,911
Indiana               6,451               Kansas                 3,147
Kentucky              1,176               Maryland                  85
Michigan              3,258               Minnesota             36,526
Missouri              5,102               Montana                  205
North Carolina       14,114               North Dakota             380
Nebraska             19,806               New York                 170
Ohio                  4,877               Pennsylvania           2,424
South Carolina          170               South Dakota           5,855
Tennessee             2,089               Wisconsin                340
--------------------------------------------------------------------------------
*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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