National Daily Direct Hogs Afternoon
USDA - Thu Dec 07, 2:41PM CST
LM_HG203
Des Moines, Iowa                Thu, Dec 07, 2017               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
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                               10,539     10,539     12,346     13,570
Other Market Formula (Futures/Options)   50,431     50,431     59,599     76,097
Swine or Pork Market Formula            146,588    146,588    149,531    146,757
Other Purchase Arrangement               79,325     79,325     68,336     51,680
Negotiated Formula                        1,614      1,614      1,710      1,218
Packer Sold (all purchase types)         13,861     13,861     13,396     21,456
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 8,620

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

Base Price Rng $53.00 - $60.00, Wtd Avg $58.47, 5 Day Rolling Avg $59.17
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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 PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 8,960

*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   56.00  63.21   57.50  64.46   58.50  65.70   59.50  66.94   60.00  68.60
0.5   53.00  63.21   56.00  64.46   58.50  65.70   59.00  66.94   60.00  68.60
0.6   53.00  62.03   56.00  63.27   57.50  64.52   58.50  65.76   59.50  67.42
0.7   53.00  60.85   53.00  62.09   56.00  63.33   58.50  64.58   59.00  66.23
0.8   52.00  59.66   53.00  60.91   56.00  62.15   57.50  63.39   59.00  65.05
0.9   52.00  58.48   53.00  59.72   53.00  60.97   56.00  62.21   57.50  63.87
1.0   50.00  57.30   52.00  58.54   53.00  59.78   56.00  61.02   57.50  62.68
1.1   49.00  55.82   52.00  57.06   53.00  58.30   53.00  59.55   56.50  61.20
1.2   49.00  54.04   50.00  55.28   52.00  56.53   52.50  57.77   54.50  59.43
1.4   44.50  48.50   47.50  52.00   47.50  53.00   50.07  55.00   50.50  56.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -5.92          175#   -3.00  2.25          205#   -4.74  4.50
    155#   -30.00  0.00          185#    0.00  4.00          215#   -4.74  4.25
    165#   -15.00  0.00          195#   -1.18  4.50          225#   -4.74  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 210.27 lb carcass, 0.68 inch back-fat,
7.42 square inch loin/2.47 inch loin depth, FFLI: 52.61%

Price Range $58.50 - $64.58
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 148,068

Base Price Range $57.34 - $78.79, Weighted Average $63.41
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 2,069

Compared to Prior Day's closing weighted average (LM_HG200), 1.34 higher

Price Rng $42.45 - $50.00, Wtd Avg $46.76, 5 Day Rolling Avg $46.00
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 2,219

*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): 4,288

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

Alabama                 671               Canada                   240
Iowa                103,620               Illinois              27,180
Indiana              15,616               Kansas                 1,987
Kentucky              1,552               Michigan               7,614
Minnesota            78,281               Missouri               2,866
North Carolina       16,318               Nebraska              13,701
New York                174               Ohio                  14,514
Oklahoma              3,063               Pennsylvania           4,060
South Carolina          690               South Dakota           9,741
Wisconsin               470
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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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