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USDA-LM: Western Cornbelt Daily Direct Prior Day Purchased Swine

Des Moines, Iowa - Wed, Jan 03, 2018 - USDA Market News


WESTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Tuesday, January 2, 2018

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

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                                3,193           5,563          6,668
  Other Market Formula (Futures/Options)   25,155          34,746         18,900
  Swine or Pork Market Formula             92,229          98,068        101,427
  Other Purchase Arrangement              121,854         114,123         65,003
  Negotiated Formula                        1,055             329          1,607
Packer Sold (all purchase types)           11,304          11,025         15,227
--------------------------------------------------------------------------------
                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         2,618    25,155     88,984    120,488          0    237,245
  Base Price         58.87     67.06      61.93      66.85          *      64.94
Packer Sold
  Head Count                                                              11,300
  Base Price                                                               60.60
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 3,018

Compared to Prior Day's closing weighted average (LM_HG208),  0.14 lower

Base Price Rng $54.00 - $60.50, Wtd Avg $58.89, 5 Day Rolling Avg $58.08
--------------------------------------------------------------------------------
               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):  3,018

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
--------------------------------------------------------------------------------
          WESTERN 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

*Price not reported due to confidentiality*
--------------------------------------------------------------------------------
                          CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -8.85          175#   -3.00  2.25          205#    0.00  4.50
    155#   -30.00 -4.13          185#    0.00  4.00          215#    0.00  4.25
    165#   -15.00 -1.77          195#    0.00  4.50          225#   -1.33  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): 95,888

Base Price Range $55.72 - $73.50, Weighted Average $61.77
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 455

Compared to Prior Day's closing weighted average (LM_HG208), no comparison.

Price Rng $41.73 - $46.55, Wtd Avg $44.79, 5 Day Rolling Avg $45.24
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,496

*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): 1,951

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

Iowa                172,330             Kansas                 3,243
Minnesota            51,042             Missouri               6,195
Nebraska             14,203             South Dakota           8,621
--------------------------------------------------------------------------------
*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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