National Daily Direct Hogs Morning
USDA - Fri Sep 14, 10:43AM CDT
LM_HG202
Des Moines, Iowa                Fri, Sep 14, 2018               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, September 14, 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                                6,964      4,645      4,384      3,491
Other Market Formula (Futures/Options)   22,728     19,571     30,379     15,956
Swine or Pork Market Formula             84,036     72,933    104,739    119,747
Other Purchase Arrangement               86,175     79,229     81,569     56,368
Negotiated Formula                        1,353      1,353        981      1,676
Packer Sold (all purchase types)          5,982      5,982      6,291      7,851
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 3,872

Compared to Prior Day's closing weighted average (LM_HG200),  0.28 lower

Base Price Rng $44.00 - $50.00, Wtd Avg $48.98, 5 Day Rolling Avg $46.68
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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): 3,872

*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   47.00  52.12   48.50  53.14   49.50  54.17   50.50  55.19   51.00  56.56
0.5   44.00  52.12   47.00  53.14   49.50  54.17   50.00  55.19   51.00  56.56
0.6   44.00  51.14   47.00  52.17   48.50  53.19   49.50  54.22   50.50  55.58
0.7   44.00  50.17   44.00  51.19   47.00  52.22   49.50  53.24   50.00  54.61
0.8   43.00  49.19   44.00  50.22   47.00  51.24   48.50  52.26   50.00  53.63
0.9   43.00  48.21   44.00  49.24   44.00  50.26   47.00  51.29   49.50  52.66
1.0   41.00  47.24   43.00  48.26   44.00  49.29   47.00  50.31   48.50  51.68
1.1   40.00  46.02   43.00  47.04   44.00  48.50   44.00  49.50   48.50  50.50
1.2   40.00  44.55   41.00  45.58   43.00  48.00   44.00  49.00   47.00  50.00
1.4   36.00  38.21   39.24  41.00   40.26  44.00   41.28  48.00   42.65  49.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -4.88          175#   -4.00  1.00          205#   -3.90  3.00
    155#   -30.00  0.00          185#   -1.00  1.50          215#   -3.90  3.00
    165#   -15.00  0.00          195#   -0.98  3.00          225#   -3.90  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 200.81 lb carcass, 0.64 inch back-fat,
7.14 square inch loin/2.38 inch loin depth, FFLI: 53.14%

Price Range $49.50 - $54.22
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 72,331

Base Price Range $41.40 - $66.61, Weighted Average $54.35
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 616

Compared to Prior Day's closing weighted average (LM_HG200), 0.50 higher

Price Rng $34.50 - $40.25, Wtd Avg $37.81, 5 Day Rolling Avg $35.16
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,972

*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): 2,588

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

Canada                  554               Iowa                  81,030
Illinois             19,675               Indiana                7,038
Kansas                2,841               Kentucky                 373
Michigan              2,602               Minnesota             35,842
Missouri              3,588               Montana                  216
North Carolina          330               North Dakota             200
Nebraska              8,883               Ohio                   8,647
Oklahoma              2,216               Pennsylvania           2,656
South Dakota          5,108               Tennessee              1,249
Wisconsin               665
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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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