National Daily Direct Hogs Afternoon
USDA - Fri Jan 12, 2:46PM CST
LM_HG203
Des Moines, Iowa                Fri, Jan 12, 2018               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, January 12, 2018
(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                                6,506      6,506      7,347     10,987
Other Market Formula (Futures/Options)   43,410     43,410     45,257     38,997
Swine or Pork Market Formula            137,952    137,952    176,674    161,015
Other Purchase Arrangement               68,917     68,917     80,671     55,314
Negotiated Formula                        1,416      1,416      2,042      1,723
Packer Sold (all purchase types)          7,767      7,767     12,845     16,618
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,297

Compared to Prior Day's closing weighted average (LM_HG200),  0.45 lower

Base Price Rng $63.00 - $71.50, Wtd Avg $69.45, 5 Day Rolling Avg $68.27
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 475

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

Barrows & Gilts (carcass basis): 5,772

*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   66.00  74.30   67.50  75.76   68.50  77.22   69.50  78.68   70.00  80.63
0.5   63.00  74.30   66.00  75.76   68.50  77.22   69.00  78.68   70.00  80.63
0.6   63.00  72.91   66.00  74.37   67.50  75.83   68.50  77.29   69.50  79.24
0.7   63.00  71.52   63.00  72.98   66.00  74.44   68.50  75.90   69.00  77.85
0.8   62.00  70.13   63.00  71.59   66.00  73.05   67.50  74.51   69.00  76.46
0.9   62.00  68.74   63.00  70.20   63.00  71.66   66.00  73.12   68.50  75.07
1.0   60.00  67.34   62.00  68.80   63.00  70.27   66.00  71.73   67.50  73.67
1.1   59.00  65.60   62.00  67.07   63.00  69.00   63.00  70.00   67.50  71.94
1.2   59.00  63.52   60.00  64.98   62.00  68.50   63.00  69.50   66.00  70.50
1.4   54.47  59.50   55.93  63.00   57.40  64.50   58.86  68.50   60.80  69.50
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -6.96          175#   -4.00  2.25          205#   -5.57  4.50
    155#   -30.00  0.00          185#   -1.00  4.00          215#   -5.57  4.25
    165#   -15.00  0.00          195#   -1.39  4.50          225#   -5.57  2.00
--------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 206.83 lb carcass, 0.67 inch back-fat,
7.17 square inch loin/2.39 inch loin depth, FFLI: 52.64%

Price Range $68.50 - $75.90
--------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 135,367

Base Price Range $62.37 - $75.01, Weighted Average $70.07
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 959

Compared to Prior Day's closing weighted average (LM_HG200), 1.68 higher

Price Rng $49.00 - $55.50, Wtd Avg $53.97, 5 Day Rolling Avg $51.48
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,254

*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): 2,213

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

Alabama                 506               Canada                   571
Colorado                320               Delaware                  62
Iowa                 90,348               Illinois              23,758
Indiana              22,239               Kansas                 3,241
Kentucky              1,979               Michigan               7,060
Minnesota            48,032               Missouri               3,904
Montana                 223               North Carolina        16,054
North Dakota            385               Nebraska              20,418
Ohio                 11,720               Oklahoma               3,326
Pennsylvania          3,752               South Carolina           510
South Dakota          5,387               Tennessee              1,919
Virginia                 25               Wisconsin                229
--------------------------------------------------------------------------------
*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

1500C



.