National Daily Direct Hogs Afternoon
USDA - Thu Nov 08, 3:04PM CST
LM_HG203
Des Moines, Iowa                Thu, Nov 08, 2018               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, November 8, 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                                8,053      8,053     15,988     12,741
Other Market Formula (Futures/Options)   27,595     27,595     37,377     56,746
Swine or Pork Market Formula            132,197    132,197    129,954    143,131
Other Purchase Arrangement               83,593     83,593     77,752     67,512
Negotiated Formula                        1,162      1,162      1,182      2,539
Packer Sold (all purchase types)         10,693     10,693      9,005     12,855
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 6,792

Compared to Prior Day's closing weighted average (LM_HG200),  1.18 lower

Base Price Rng $49.00 - $55.50, Wtd Avg $54.31, 5 Day Rolling Avg $55.90
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 490

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

Barrows & Gilts (carcass basis): 7,282

*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   52.00  58.74   53.50  60.00   54.50  61.05   55.50  62.21   56.00  63.75
0.5   49.00  58.74   52.00  59.90   54.50  61.05   55.00  62.21   56.00  63.75
0.6   49.00  57.64   52.00  58.80   53.50  59.95   54.50  61.11   55.50  62.65
0.7   49.00  56.54   49.00  57.70   52.00  58.85   54.50  60.01   55.00  61.55
0.8   48.00  55.44   49.00  56.60   52.00  57.75   53.00  58.91   54.50  60.45
0.9   48.00  54.34   49.00  55.50   49.00  56.65   52.00  57.81   53.00  59.35
1.0   46.00  53.24   48.00  54.40   49.00  55.55   52.00  56.71   53.00  58.25
1.1   45.00  51.87   48.00  53.02   49.00  54.18   49.00  55.33   52.00  56.87
1.2   45.00  50.22   46.00  51.37   48.00  52.53   48.00  53.68   50.00  55.50
1.4   40.00  43.07   43.00  49.00   43.00  49.00   46.00  49.00   46.00  53.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -5.50          175#   -3.00  1.00          205#   -4.40  3.00
    155#   -30.00  0.00          185#   -0.25  1.50          215#   -4.40  3.00
    165#   -15.00  0.00          195#   -1.10  3.00          225#   -4.40  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 202.38 lb carcass, 0.68 inch back-fat,
7.33 square inch loin/2.44 inch loin depth, FFLI: 52.61%

Price Range $54.50 - $60.01
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 131,607

Base Price Range $51.05 - $69.51, Weighted Average $60.02
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,136

Compared to Prior Day's closing weighted average (LM_HG200), 0.42 higher

Price Rng $37.25 - $45.70, Wtd Avg $43.99, 5 Day Rolling Avg $44.65
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 668

*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): 1,804

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

Alabama                 678               Canada                    30
Georgia                 900               Iowa                  94,672
Illinois             18,114               Indiana               18,845
Kansas                2,343               Kentucky               2,486
Maryland                165               Michigan              10,837
Minnesota            47,069               Missouri               5,112
North Carolina       15,781               North Dakota             170
Nebraska             15,683               New York                 338
Ohio                 16,664               Oklahoma               2,984
Pennsylvania          3,682               South Carolina           340
South Dakota          5,128               Tennessee              1,627
Wisconsin               820
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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

1500C



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