Western Cornbelt Daily Direct Hogs Afternoon
USDA - Thu Dec 07, 2:41PM CST
LM_HG212
Des Moines, Iowa                Thu, Dec 07, 2017               USDA Market News

WESTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, December 7, 2017
(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                                7,363      7,363      9,151      8,033
Other Market Formula (Futures/Options)   44,952     44,952     43,587     30,891
Swine or Pork Market Formula            101,204    101,204    100,660    100,113
Other Purchase Arrangement               35,881     35,881     36,420     31,880
Negotiated Formula                          340        340          0          0
Packer Sold (all purchase types)         10,851     10,851      9,926     12,790
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 6,720

Compared to Prior Day's closing weighted average (LM_HG208), 0.55 lower

Base Price Rng $53.00 - $60.00, Wtd Avg $58.26, 5 Day Rolling Avg $59.24
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 340

*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): 7,060

*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#    -30.00  -9.00        175#   -3.00  2.25          205#    0.00  4.50
   155#    -30.00  -4.20        185#    0.00  4.00          215#    0.00  4.25
   165#    -15.00  -1.80        195#    0.00  4.50          225#   -1.33  1.00
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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): 110,569

Base Price Range $57.34 - $78.79, Weighted Average $63.65
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 918

Compared to Prior Day's closing weighted average (LM_HG208), 0.29 lower

Price Rng $42.45 - $50.00, Wtd Avg $46.76, 5 Day Rolling Avg $46.73
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,550

*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): 2,468

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

Iowa                103,620               Kansas                 1,987
Minnesota            78,281               Missouri               2,866
Nebraska             13,701               South Dakota           9,741
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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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