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USDA-LM: National Daily Direct Prior Purchased Swine

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

	***REVISED FOR CORRECTIONS ON WHOLE REPORT***

NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, November 9, 2017

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

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                               13,407          10,840          8,755
  Other Market Formula (Futures/Options)   58,693          50,502         68,740
  Swine or Pork Market Formula            145,542         144,633        152,098
  Other Purchase Arrangement               63,936          63,818         50,933
  Negotiated Formula                        2,383           1,890          2,561
Packer Sold (all purchase types)            8,152          11,914         15,374
--------------------------------------------------------------------------------
                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         6,942    58,017     138,659      61,059        170  264,847
  Base Price         59.87     67.76       64.81       70.37          *    66.57
Packer Sold
  Head Count                                                               8,144
  Base Price                                                               63.16
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):   6,942

Compared to the prior day, on a plant by plant basis, weighted average base 
prices were 4.75 lower to 0.79 higher, mostly steady to 0.75 lower. Slow market 
activity with light demand.

Compared to Prior Day's closing weighted average (LM_HG200),   0.61 lower

Base Price Rng $55.00 - $60.75, Wtd Avg $59.87, 5 Day Rolling Avg $60.68
---------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):   170

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

Barrows & Gilts (carcass basis):   7,112

*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   58.00  64.04   59.50  65.30   60.50  66.56   61.50  67.81   61.50  69.49
0.5   55.00  64.04   58.00  65.30   60.50  66.56   61.00  67.81   61.50  69.49
0.6   55.00  62.84   58.00  64.10   59.50  65.36   60.50  66.62   61.50  68.29
0.7   55.00  61.64   55.00  62.90   58.00  64.16   59.50  65.42   61.00  67.10
0.8   54.00  60.44   55.00  61.70   58.00  62.96   58.00  64.22   59.50  65.90
0.9   54.00  59.24   55.00  60.50   55.00  61.76   58.00  63.02   58.00  64.70
1.0   52.00  58.04   54.00  59.30   55.00  60.56   57.00  61.82   58.00  63.50
1.1   51.00  56.54   53.00  57.80   55.00  59.06   55.00  60.32   57.00  62.00
1.2   51.00  54.74   51.00  56.00   53.00  58.50   53.00  59.50   55.00  60.50
1.4   45.00  49.50   48.00  53.00   48.00  54.50   50.73  58.50   51.00  59.50
---------------------------------------------------------------------------------
                          CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -6.00          175#   -4.00  2.25          205#   -4.80  4.50
    155#   -30.00  0.00          185#   -1.00  4.00          215#   -4.80  4.25
    165#   -15.00  0.00          195#   -1.20  4.50          225#   -4.80  1.00
---------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 203.80 lb carcass, 0.68 inch back-fat,
7.11 square inch loin/2.37 inch loin depth, FFLI: 52.47%

Price Range $59.50 - $65.42
---------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 145,867

Base Price Range $58.74 - $76.15, Weighted Average $64.72
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 6,036

Compared to Prior Day's closing weighted average (LM_HG200),  2.02 lower

Price Rng $44.80 - $52.25, Wtd Avg $47.02, 5 Day Rolling Avg $48.27
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 2,213

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

Barrows & Gilts (live basis, 240-320 lbs): 8,249

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

Alabama                 333             Arkansas                   4
Canada                  235             Delaware                  45
Georgia                 338             Iowa                 105,318
Illinois             28,713             Indiana               18,274
Kansas                2,903             Kentucky               1,581
Michigan              7,999             Minnesota             42,222
Missouri              5,532             North Carolina        15,554
North Dakota            380             Nebraska              19,910
New York                 86             Ohio                  28,041
Oklahoma              3,343             Pennsylvania           4,343
South Carolina          170             South Dakota           4,981
Tennessee             1,137             Wisconsin                671
--------------------------------------------------------------------------------
*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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