National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Fri, Sep 21, 2018               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, September 21, 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                               10,330     10,330      7,786      7,947
Other Market Formula (Futures/Options)   53,623     53,623     36,800     35,428
Swine or Pork Market Formula            133,032    133,032    114,507    157,091
Other Purchase Arrangement               95,784     95,784    109,158     71,631
Negotiated Formula                        2,183      2,183      1,987      2,244
Packer Sold (all purchase types)          6,684      6,684      8,864     14,164
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 11,365

Compared to Prior Day's closing weighted average (LM_HG200),  1.00 higher

Base Price Rng $52.00 - $62.00, Wtd Avg $59.37, 5 Day Rolling Avg $55.83
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 430

*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): 11,795

*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   55.00  61.85   56.50  63.06   57.50  64.28   58.50  65.50   59.00  67.12
0.5   52.00  61.85   55.00  63.06   57.50  64.28   58.00  65.50   59.00  67.12
0.6   52.00  60.69   55.00  61.91   56.50  63.12   57.50  64.34   58.50  65.96
0.7   52.00  59.53   52.00  60.75   55.00  61.96   57.50  63.50   58.00  64.80
0.8   51.00  58.37   52.00  59.59   55.00  61.00   56.50  62.50   58.00  64.00
0.9   51.00  57.22   52.00  58.43   52.00  59.65   55.00  61.00   56.50  63.50
1.0   49.00  56.06   51.00  57.27   52.00  58.49   55.00  61.00   56.50  62.50
1.1   48.00  54.61   51.00  57.00   52.00  58.00   52.00  58.50   55.50  62.50
1.2   48.00  54.00   49.00  55.00   51.00  57.00   51.50  58.00   53.50  61.00
1.4   43.50  50.50   46.50  54.00   46.50  55.00   48.99  57.00   49.50  58.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -5.79          175#   -4.00  1.00          205#   -4.63  3.00
    155#   -30.00  0.00          185#   -1.00  2.00          215#   -4.63  3.00
    165#   -15.00  0.00          195#   -1.16  3.00          225#   -4.63  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 199.56 lb carcass, 0.66 inch back-fat,
7.11 square inch loin/2.37 inch loin depth, FFLI: 52.82%

Price Range $57.50 - $63.50
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 130,638

Base Price Range $49.02 - $73.60, Weighted Average $59.36
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,697

Compared to Prior Day's closing weighted average (LM_HG200), 1.55 higher

Price Rng $32.50 - $46.00, Wtd Avg $43.92, 5 Day Rolling Avg $41.73
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,764

*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): 3,461

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

Alabama                 508               Canada                   389
Georgia                 173               Iowa                 123,144
Illinois             19,149               Indiana               22,818
Kansas                2,764               Kentucky               1,755
Michigan              8,978               Minnesota             57,575
Missouri              3,260               Mississippi              173
Montana                 395               North Carolina        13,234
North Dakota            208               Nebraska              16,623
Ohio                 16,153               Oklahoma               2,534
Pennsylvania          5,341               South Dakota           7,204
Tennessee             1,545               Wisconsin              1,340
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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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