Western Cornbelt Daily Direct Hogs Afternoon
USDA - Thu Oct 11, 8:07AM CDT
LM_HG212	***RESENDING FOR CORRECTIONS ON WHOLE REPORT***
Des Moines, Iowa                Wed, Oct 10, 2018               USDA Market News

WESTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 10, 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                                7,369      7,369     10,653     14,216
Other Market Formula (Futures/Options)   32,895     32,895     49,779     28,868
Swine or Pork Market Formula             84,824     84,824     90,389     90,335
Other Purchase Arrangement               44,749     44,749     50,512     33,101
Negotiated Formula                            0          0          0          0
Packer Sold (all purchase types)          7,644      7,644      7,468     11,902
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,841

Compared to Prior Day's closing weighted average (LM_HG208), 1.18 lower

Base Price Rng $59.00 - $64.00, Wtd Avg $62.34, 5 Day Rolling Avg $63.35
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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): 5,841

*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#    -30.00 -10.00        175#   -3.00  1.00          205#    0.00  3.00
   155#    -30.00  -6.30        185#   -0.25  2.00          215#   -0.25  3.00
   165#    -15.00  -3.37        195#    0.00  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): 92,343

Base Price Range $61.69 - $74.43, Weighted Average $66.97
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,689

Compared to Prior Day's closing weighted average (LM_HG208), 1.63 lower

Price Rng $42.00 - $50.50, Wtd Avg $46.94, 5 Day Rolling Avg $47.85
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 779

*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): 2,468

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

Iowa                106,525               Kansas                 3,561
Minnesota            47,355               Missouri               2,534
Nebraska             21,227               South Dakota           7,453
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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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