National Daily Direct Prior Purchased Swine
LM_HG200
Des Moines, Iowa                Fri, Oct 12, 2018               USDA Market News

NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, October 11, 2018

                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                               11,943           9,630          8,449
  Other Market Formula (Futures/Options)   40,809          40,726         50,352
  Swine or Pork Market Formula            134,404         134,050        150,581
  Other Purchase Arrangement               80,088          76,695         66,725
  Negotiated Formula                        1,357           1,593          1,750
Packer Sold (all purchase types)            8,128           6,002         12,533
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                NEGOTIATED     OTHER       SWINE       OTHER NEGOTIATED  TOTALS/
                              MARKET     OR PORK    PURCHASE    FORMULA  WTD AVG
                             FORMULA      MARKET    ARRGMENT
                           (FUT/OPT)**   FORMULA
Barrows & Gilts (carcass basis):

Producer Sold
  Head Count        10,523    40,153     127,009      77,057        190  254,932
  Base Price         61.69     66.36       66.62       70.18          *    67.40
Packer Sold
  Head Count                                                               7,851
  Base Price                                                               65.38
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):   10,523

Compared to the prior day, on a plant by plant basis, weighted average base 
prices were 2.29 lower to 1.98 higher, mostly steady, with few 1.00 lower. 
Moderate market activity with moderate to good demand.

Compared to Prior Day's closing weighted average (LM_HG200),   0.96 lower

Base Price Rng $57.00 - $63.42, Wtd Avg $61.69, 5 Day Rolling Avg $62.93
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):   190

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

Barrows & Gilts (carcass basis):   10,713

*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   60.00  67.73   61.50  69.06   62.50  70.40   63.00  71.73   63.00  73.50
0.5   57.00  67.73   60.00  69.06   62.50  70.40   63.00  71.73   63.00  73.50
0.6   57.00  66.46   60.00  67.80   61.50  69.13   62.50  70.46   63.00  72.24
0.7   57.00  65.20   57.00  66.53   60.00  67.86   62.50  69.19   63.00  70.97
0.8   56.00  63.93   57.00  65.26   60.00  66.59   61.00  67.92   62.50  69.70
0.9   56.00  62.66   57.00  63.99   57.00  65.32   60.00  66.65   61.00  68.43
1.0   54.00  61.39   56.00  62.72   57.00  64.05   60.00  65.39   61.00  67.16
1.1   53.00  59.81   56.00  61.14   57.00  62.47   57.00  63.80   60.00  65.58
1.2   53.00  57.90   54.00  59.23   56.00  60.57   56.00  61.90   58.00  63.67
1.4   48.00  50.50   50.99  54.00   51.00  56.50   53.65  60.50   54.00  61.50
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                          CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -6.34          175#   -4.00  1.00          205#   -5.07  3.00
    155#   -30.00  0.00          185#   -1.00  2.00          215#   -5.07  3.00
    165#   -15.00  0.00          195#   -1.27  3.00          225#   -5.07  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 200.60 lb carcass, 0.64 inch back-fat,
7.24 square inch loin/2.41 inch loin depth, FFLI: 53.19%

Price Range $62.50 - $70.46
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 132,253

Base Price Range $60.20 - $75.23, Weighted Average $66.56
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,108

Compared to Prior Day's closing weighted average (LM_HG200),  0.47 lower

Price Rng $36.50 - $50.50, Wtd Avg $47.53, 5 Day Rolling Avg $48.80
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,421

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

Barrows & Gilts (live basis, 240-320 lbs): 2,529

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

Alabama                 680             Canada                   137
Colorado                160             Delaware                  52
Georgia                 540             Iowa                 100,113
Illinois             20,221             Indiana               19,141
Kansas                3,417             Kentucky               3,324
Maryland                167             Michigan               9,274
Minnesota            48,070             Missouri               4,267
Mississippi             165             North Carolina        14,504
North Dakota            560             Nebraska              17,457
Ohio                 19,452             Oklahoma               2,510
Pennsylvania          4,060             South Carolina           530
South Dakota          4,822             Tennessee              1,776
Wisconsin             1,330
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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.
** Futures/Options

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
0800C

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