National Daily Direct Hogs Afternoon
USDA - Thu Mar 08, 2:48PM CST
LM_HG203
Des Moines, Iowa                Thu, Mar 08, 2018               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
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                               11,978     11,978     11,748     13,581
Other Market Formula (Futures/Options)   28,473     28,473     35,632     16,156
Swine or Pork Market Formula            133,534    133,534    127,059    132,829
Other Purchase Arrangement               81,526     81,526     76,099     85,143
Negotiated Formula                        1,451      1,451      1,029      1,376
Packer Sold (all purchase types)          9,336      9,336      7,035     11,864
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 9,679

Compared to Prior Day's closing weighted average (LM_HG200),  0.37 lower

Base Price Rng $54.00 - $63.50, Wtd Avg $62.41, 5 Day Rolling Avg $62.51
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 50

*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): 9,729

*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   57.00  66.84   58.50  68.15   59.50  69.46   60.50  70.78   61.00  72.53
0.5   54.00  66.84   57.00  68.15   59.50  69.46   60.00  70.78   61.00  72.53
0.6   54.00  65.58   57.00  66.90   58.50  68.21   59.50  69.53   60.50  71.28
0.7   54.00  64.33   54.00  65.65   57.00  66.96   59.50  68.27   60.00  70.03
0.8   53.00  63.08   54.00  64.39   57.00  65.71   58.50  67.02   60.00  68.78
0.9   53.00  61.83   54.00  63.14   54.00  64.46   57.00  65.77   59.50  67.52
1.0   51.00  60.58   53.00  61.89   54.00  63.21   57.00  64.52   58.50  66.27
1.1   50.00  59.01   53.00  60.33   54.00  61.64   54.00  62.96   58.50  64.71
1.2   50.00  57.14   51.00  58.45   53.00  61.00   54.00  62.00   57.00  63.00
1.4   46.50  50.50   50.00  54.00   51.00  57.00   52.94  61.00   54.00  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  2.00          215#   -5.01  3.00
    165#   -15.00  0.00          195#   -1.25  3.00          225#   -5.01  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 202.28 lb carcass, 0.62 inch back-fat,
7.21 square inch loin/2.40 inch loin depth, FFLI: 53.47%

Price Range $59.50 - $69.53
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 130,012

Base Price Range $60.71 - $72.77, Weighted Average $65.35
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 3,654

Compared to Prior Day's closing weighted average (LM_HG200), 0.35 lower

Price Rng $46.50 - $52.00, Wtd Avg $49.07, 5 Day Rolling Avg $49.14
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,245

*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): 4,899

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

Canada                   60               Georgia                  887
Iowa                 98,466               Illinois              23,796
Indiana              18,720               Kansas                 1,175
Kentucky              1,705               Michigan              12,288
Minnesota            47,193               Missouri               3,606
Mississippi             338               North Carolina        15,207
Nebraska             19,597               Ohio                  10,813
Oklahoma              2,685               Pennsylvania           1,565
South Dakota          7,473               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

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