Eastern Cornbelt Daily Direct Hogs Afternoon
USDA - Thu Mar 08, 2:48PM CST
LM_HG210
Des Moines, Iowa                Thu, Mar 08, 2018               USDA Market News

EASTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, March 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                                5,778      5,778      5,650      5,109
Other Market Formula (Futures/Options)   10,024     10,024     15,515      5,576
Swine or Pork Market Formula             36,045     36,045     33,602     40,164
Other Purchase Arrangement               33,294     33,294     34,697     30,834
Negotiated Formula                        1,401      1,401      1,029      1,026
Packer Sold (all purchase types)          3,562      3,562      2,119      1,696
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,576

Compared to Prior Day's closing weighted average (LM_HG207),  0.41 lower

Base Price Rng $58.00 - $62.58, Wtd Avg $62.27, 5 Day Rolling Avg $62.41
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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): 4,576

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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          EASTERN 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

                             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   61.00  66.84   62.50  68.15   63.50  69.46   64.00  70.78   64.00  72.53
0.5   58.00  66.84   61.00  68.15   63.50  69.46   64.00  70.78   64.00  72.53
0.6   58.00  65.58   61.00  66.90   62.50  68.21   63.50  69.53   64.00  71.28
0.7   58.00  64.33   58.00  65.65   61.00  66.96   63.50  68.27   64.00  70.03
0.8   57.00  63.08   58.00  64.39   61.00  65.71   62.50  67.02   64.00  68.78
0.9   57.00  61.83   58.00  63.14   58.00  64.46   61.00  65.77   62.50  67.52
1.0   55.00  60.58   57.00  61.89   58.00  63.21   61.00  64.52   62.50  66.27
1.1   54.00  59.01   57.00  60.33   58.00  61.64   58.00  62.96   61.50  64.71
1.2   54.00  57.14   55.00  58.45   57.00  61.00   57.50  62.00   59.50  63.00
1.4   49.00  50.50   50.31  54.00   51.63  57.00   52.94  61.00   54.69  62.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -6.26          175#   -4.00  1.00          205#   -5.01  3.00
    155#   -30.00  0.00          185#   -1.00  1.50          215#   -5.01  3.00
    165#   -15.00  0.00          195#   -1.25  3.00          225#   -5.01  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 186.80 lb carcass, 0.59 inch back-fat,
6.99 square inch loin/2.33 inch loin depth, FFLI: 54.03%

Price Range $63.50 - $69.53
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 30,848

Base Price Range $61.02 - $69.05, Weighted Average $65.26
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 2,303

Compared to Prior Day's closing weighted average (LM_HG207),  0.07 lower

Price Rng $46.50 - $50.50, Wtd Avg $48.47, 5 Day Rolling Avg $48.96
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 899

*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): 3,202

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

Georgia                 887               Illinois              23,796
Indiana              18,720               Kentucky               1,705
Michigan             12,288               Mississippi              338
North Carolina       15,207               Ohio                  10,813
Pennsylvania          1,565               Wisconsin                724
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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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