Western Cornbelt Daily Direct Hogs Afternoon
USDA - Mon Apr 16, 7:47AM CDT
LM_HG212   ****CORRECTION TO OTHER MRKT FORMULA & SWINE & PORK MRKT FORMULA***
Des Moines, Iowa                Fri, Apr 13, 2018               USDA Market News

WESTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Friday, April 13, 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                                2,980      2,980      5,500      4,551
Other Market Formula (Futures/Options)  *21,397*   *21,397*    18,183     13,275
Swine or Pork Market Formula            *99,508*   *99,508*    99,530    125,687
Other Purchase Arrangement               51,837     51,837     53,953     44,857
Negotiated Formula                            0          0        146          0
Packer Sold (all purchase types)          5,598      5,598      7,550      6,712
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,562

Compared to Prior Day's closing weighted average (LM_HG208), 0.42 higher

Base Price Rng $44.00 - $53.00, Wtd Avg $50.94, 5 Day Rolling Avg $48.38
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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 FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,562

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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          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*
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                        CARCASS WEIGHT DIFFERENTIALS

   145#    -32.00 -10.00        175#   -4.00  1.00          205#    0.00  3.00
   155#    -30.00  -9.00        185#   -1.50  2.00          215#   -0.25  3.00
   165#    -15.00  -3.37        195#   -0.50  3.00          225#   -2.25  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

*Price not reported due to confidentiality*
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     *****SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)*****

Barrows & Gilts (carcass basis): 104,446

Base Price Range $45.85 - $62.19, Weighted Average $52.20
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,186

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

Price Rng $34.25 - $41.50, Wtd Avg $38.85, 5 Day Rolling Avg $37.67
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 489

*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): 1,675

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

Iowa                109,329               Kansas                 2,231
Minnesota            45,417               Missouri               3,682
Nebraska             17,529               South Dakota          10,006
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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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