National Daily Direct Prior Purchased Swine
LM_HG200
Des Moines, Iowa                Thu, Oct 11, 2018               USDA Market News

NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 10, 2018

                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                               12,450          16,054         15,650
  Other Market Formula (Futures/Options)   40,547          85,431         51,126
  Swine or Pork Market Formula            135,963         125,719        151,824
  Other Purchase Arrangement               83,958         102,656         72,043
  Negotiated Formula                        1,344           1,852          2,085
Packer Sold (all purchase types)           10,761          10,023         12,875
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                NEGOTIATED     OTHER       SWINE       OTHER NEGOTIATED  TOTALS/
                              MARKET     OR PORK    PURCHASE    FORMULA  WTD AVG
                             FORMULA      MARKET    ARRGMENT
                           (FUT/OPT)**   FORMULA
Barrows & Gilts (carcass basis):

Producer Sold
  Head Count        10,181    39,198     127,025      80,277          0  256,681
  Base Price         62.65     65.25       66.77       70.43          *    67.52
Packer Sold
  Head Count                                                              10,302
  Base Price                                                               66.15
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):   10,181

Compared to the prior day, on a plant by plant basis, weighted average base 
prices were 2.98 lower to 1.00 higher, mostly steady to 1.00 lower. Moderate
market activity with moderate to good demand.

Compared to Prior Day's closing weighted average (LM_HG200),   0.64 lower

Base Price Rng $59.00 - $64.00, Wtd Avg $62.65, 5 Day Rolling Avg $63.19
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):   0                   5 Day Rolling Avg $--
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    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold)

Barrows & Gilts (carcass basis):   10,181

*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   62.00  67.73   63.50  69.06   64.50  70.40   63.00  71.73   63.00  73.50
0.5   59.00  67.73   62.00  69.06   64.50  70.40   63.00  71.73   63.00  73.50
0.6   59.00  66.46   62.00  67.80   63.50  69.13   64.50  70.46   63.00  72.24
0.7   59.00  65.20   59.00  66.53   62.00  67.86   63.50  69.19   63.00  70.97
0.8   58.00  63.93   59.00  65.26   62.00  66.59   62.00  67.92   63.50  69.70
0.9   58.00  62.66   59.00  63.99   59.00  65.32   62.00  66.65   62.00  68.43
1.0   56.00  61.39   58.00  62.72   59.00  64.05   61.00  65.39   62.00  67.16
1.1   55.00  59.81   57.00  61.14   59.00  62.47   59.00  63.80   61.00  65.58
1.2   53.00  57.90   55.00  59.23   57.00  60.57   57.00  61.90   59.00  63.67
1.4   48.00  51.50   50.99  55.00   52.00  56.00   53.65  60.00   55.00  61.00
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                          CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -6.34          175#   -4.00  1.00          205#   -5.07  3.00
    155#   -30.00  0.00          185#   -1.00  2.00          215#   -5.07  3.00
    165#   -15.00  0.00          195#   -1.27  3.00          225#   -5.07  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 201.40 lb carcass, 0.65 inch back-fat,
7.24 square inch loin/2.41 inch loin depth, FFLI: 53.03%

Price Range $63.50 - $69.19
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 133,031

Base Price Range $60.07 - $74.32, Weighted Average $66.72
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 2,074

Compared to Prior Day's closing weighted average (LM_HG200),  1.48 lower

Price Rng $44.50 - $51.50, Wtd Avg $48.00, 5 Day Rolling Avg $48.87
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,503

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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   COMBINED NEGOTIATED AND NEGOTIATED FORMULA PURCHASES (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 3,577

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

Alabama                 171             Canada                   296
Georgia                 540             Iowa                 104,212
Illinois             24,475             Indiana               21,586
Kansas                3,658             Kentucky               2,429
Michigan              9,672             Minnesota             49,328
Missouri              5,099             Mississippi              165
Montana                 224             North Carolina        16,932
Nebraska             15,654             New York                 174
Ohio                 14,764             Oklahoma               2,392
Pennsylvania          3,969             South Carolina           710
South Dakota          6,271             Tennessee              1,928
Utah                    157             Wisconsin                217
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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.
** Futures/Options

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
0800C

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