Iowa/Minnesota Daily Direct Hogs Afternoon
USDA - Thu Mar 08, 2:48PM CST
LM_HG206
Des Moines, Iowa                Thu, Mar 08, 2018               USDA Market News

IOWA/MINNESOTA 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                                6,040      6,040      4,161      7,678
Other Market Formula (Futures/Options)   12,208     12,208     13,461      8,515
Swine or Pork Market Formula             70,337     70,337     67,755     56,914
Other Purchase Arrangement               29,800     29,800     24,238     37,870
Negotiated Formula                           50         50          0        350
Packer Sold (all purchase types)          3,646      3,646      4,134      8,081
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,033

Compared to Prior Day's closing weighted average (LM_HG204), 0.33 lower

Base Price Rng $54.00 - $63.50, Wtd Avg $62.57, 5 Day Rolling Avg $62.63
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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 FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,083

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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           IOWA/MINNESOTA 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  59.76   54.00  61.08   57.00  62.83
1.4   46.50  49.00   50.00  52.00   51.00  53.00   52.94  55.00   54.00  56.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -6.26          175#   -3.00  1.00          205#   -5.01  3.00
    155#   -30.00  0.00          185#   -0.25  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: 213.16 lb carcass, 0.64 inch back-fat,
8.00 square inch loin/2.66 inch loin depth, FFLI: 53.51%

Price Range $60.50 - $71.28
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 82,822

Base Price Range $60.71 - $72.77, Weighted Average $65.58
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 960

*Price not reported due to confidentiality* 5 Day Rolling Avg $48.22
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 346

*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): 1,306

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

Iowa                 98,466               Minnesota             47,193
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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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