Western Cornbelt Daily Direct Prior Day Purchased Swine
LM_HG208
Des Moines, Iowa                Fri, Oct 12, 2018               USDA Market News

WESTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
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                                6,027           4,810          4,627
  Other Market Formula (Futures/Options)   25,981          32,206         21,675
  Swine or Pork Market Formula             91,521          90,533        105,543
  Other Purchase Arrangement               46,373          42,590         35,957
  Negotiated Formula                          596             596            799
Packer Sold (all purchase types)            7,648           5,952         12,233
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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         5,352    25,981     89,853     44,021          0    165,207
  Base Price         61.21     66.31      66.68      69.18          *      67.11
Packer Sold
  Head Count                                                               7,371
  Base Price                                                               65.53
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,352

Compared to Prior Day's closing weighted average (LM_HG208),  1.42 lower

Base Price Rng $57.00 - $62.00, Wtd Avg $61.21, 5 Day Rolling Avg $63.03
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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):  5,352

*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 -6.20          185#   -1.00  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): 94,617

Base Price Range $60.20 - $74.22, Weighted Average $66.61
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 447

Compared to Prior Day's closing weighted average (LM_HG208),   0.23 lower

Price Rng $36.50 - $50.00, Wtd Avg $47.30, 5 Day Rolling Avg $48.09
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 850

*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): 1,297

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

Iowa                100,113             Kansas                 3,417
Minnesota            48,070             Missouri               4,267
Nebraska             17,457             South Dakota           4,822
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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
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