Western Cornbelt Daily Direct Hogs Afternoon
USDA - Fri Nov 10, 2:40PM CST
LM_HG212
Des Moines, Iowa                Fri, Nov 10, 2017               USDA Market News

WESTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Friday, November 10, 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                                5,624      5,624      2,100      3,530
Other Market Formula (Futures/Options)   27,955     27,955     29,727     27,260
Swine or Pork Market Formula            113,783    113,783    106,994    122,246
Other Purchase Arrangement               35,623     35,623     35,026     38,582
Negotiated Formula                          170        170          0          0
Packer Sold (all purchase types)          9,059      9,059      8,816      5,829
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,375

Compared to Prior Day's closing weighted average (LM_HG208), 0.03 higher

Base Price Rng $54.00 - $60.75, Wtd Avg $59.90, 5 Day Rolling Avg $60.36
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 170

*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): 5,545

*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#    -32.00  -9.00        175#   -4.00  2.25          205#    0.00  4.50
   155#    -30.00  -4.20        185#   -1.00  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): 122,572

Base Price Range $57.92 - $76.15, Weighted Average $64.11
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 304

*Price not reported due to confidentiality* 5 Day Rolling Avg $47.50
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,325

*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): 1,629

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

Iowa                114,391               Kansas                 3,147
Minnesota            50,125               Missouri               5,267
Nebraska             22,658               South Dakota           6,464
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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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