National Daily Direct Hogs Morning
LM_HG202
Des Moines, Iowa                Tue, Feb 13, 2018               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Tuesday, February 13, 2018
(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                               11,365      8,200      7,328      7,078
Other Market Formula (Futures/Options)   23,301     21,905     23,116     18,422
Swine or Pork Market Formula            114,156    103,554     96,367     99,308
Other Purchase Arrangement               68,151     63,066     61,383     49,347
Negotiated Formula                        1,140      1,140      1,360        323
Packer Sold (all purchase types)          7,556      7,556      8,686     17,461
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,431

Compared to Prior Day's closing weighted average (LM_HG200),  1.05 lower

Base Price Rng $61.00 - $69.00, Wtd Avg $67.86, 5 Day Rolling Avg $69.50
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 0                     5 Day Rolling Avg $--
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        COMBINED NEGOTIATED & NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,431

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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               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   64.00  72.79   65.50  74.23   66.50  75.66   67.50  77.09   68.00  79.00
0.5   61.00  72.79   64.00  74.23   66.50  75.66   67.00  77.09   68.00  79.00
0.6   61.00  71.43   64.00  72.86   65.50  74.29   66.50  75.73   67.50  77.63
0.7   61.00  70.07   61.00  71.50   64.00  72.93   66.50  74.36   67.00  76.27
0.8   60.00  68.71   61.00  70.14   64.00  71.57   65.50  73.00   67.00  74.91
0.9   60.00  67.34   61.00  68.77   61.00  70.20   64.00  71.64   66.50  73.54
1.0   58.00  65.98   60.00  67.41   61.00  68.84   64.00  70.27   65.50  72.18
1.1   57.00  64.27   60.00  65.71   61.00  67.50   61.00  68.57   65.50  70.48
1.2   57.00  62.23   58.00  63.66   60.00  67.00   61.00  68.00   64.00  69.00
1.4   53.37  55.00   54.80  60.00   56.23  63.00   57.66  67.00   59.57  68.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -6.82          175#   -4.00  0.00          205#   -5.45  2.00
    155#   -27.75  0.00          185#   -1.00  2.00          215#   -5.45  2.00
    165#   -15.00  0.00          195#   -1.36  2.00          225#   -5.45  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 205.17 lb carcass, 0.66 inch back-fat,
7.14 square inch loin/2.38 inch loin depth, FFLI: 52.78%

Price Range $66.50 - $74.36
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 102,239

Base Price Range $64.26 - $76.59, Weighted Average $71.56
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 2,749

Compared to Prior Day's closing weighted average (LM_HG200), 0.70 lower

Price Rng $51.09 - $57.00, Wtd Avg $53.19, 5 Day Rolling Avg $54.53
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 2,052

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

Barrows & Gilts (live basis, 240-320 lbs): 4,801

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

Arkansas                107               Canada                   216
Georgia                 170               Iowa                  83,434
Illinois             16,050               Indiana                8,534
Kansas                2,876               Kentucky               2,258
Maryland                100               Michigan               5,210
Minnesota            31,943               Missouri               3,315
Mississippi             167               Montana                  427
North Carolina       15,531               North Dakota             395
Nebraska             11,011               Ohio                   7,038
Oklahoma              3,934               Pennsylvania           1,695
South Carolina          520               South Dakota           7,894
Tennessee             1,916               Wisconsin                510
West Virginia           170
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*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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