National Daily Direct Hogs Afternoon
USDA - Tue Mar 13, 2:41PM CDT
LM_HG203
Des Moines, Iowa                Tue, Mar 13, 2018               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Tuesday, March 13, 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                               13,892     13,892     14,480      9,216
Other Market Formula (Futures/Options)  336,470    336,470     25,118     34,514
Swine or Pork Market Formula            133,586    133,586    130,757    123,882
Other Purchase Arrangement               78,022     78,022     80,124     81,623
Negotiated Formula                        2,524      2,524      1,798      1,871
Packer Sold (all purchase types)          9,314      9,314      9,640     12,812
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 11,311

Compared to Prior Day's closing weighted average (LM_HG200),  0.92 lower

Base Price Rng $54.00 - $62.00, Wtd Avg $59.58, 5 Day Rolling Avg $61.27
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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 PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 11,311

*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   57.00  66.00   58.50  67.50   59.50  68.50   60.50  69.00   61.00  69.22
0.5   54.00  65.50   57.00  66.50   59.50  67.50   60.00  68.50   61.00  69.22
0.6   54.00  64.50   57.00  65.50   58.50  66.50   59.50  67.50   60.50  68.50
0.7   54.00  63.50   54.00  64.50   57.00  66.00   59.50  66.50   60.00  68.00
0.8   53.00  62.75   54.00  63.50   57.00  64.50   58.50  66.00   60.00  67.50
0.9   53.00  61.00   54.00  62.75   54.00  63.50   57.00  65.00   59.50  66.00
1.0   51.00  59.50   53.00  61.00   54.00  62.75   57.00  63.50   58.50  65.00
1.1   50.00  57.00   53.00  59.50   54.00  61.00   54.00  62.75   58.50  64.25
1.2   50.00  57.00   51.00  57.00   53.00  59.50   54.00  61.00   57.00  63.50
1.4   46.50  51.00   48.01  57.00   49.27  57.00   50.52  57.00   52.20  61.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -5.97          175#   -3.00  1.00          205#   -4.78  3.00
    155#   -30.00  0.00          185#   -0.25  2.00          215#   -4.78  3.00
    165#   -15.00  0.00          195#   -1.19  3.00          225#   -4.78  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 204.10 lb carcass, 0.64 inch back-fat,
7.27 square inch loin/2.42 inch loin depth, FFLI: 53.17%

Price Range $59.50 - $67.50
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 131,983

Base Price Range $58.30 - $70.17, Weighted Average $63.85
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,480

Compared to Prior Day's closing weighted average (LM_HG200), 0.07 higher

Price Rng $42.00 - $50.50, Wtd Avg $47.49, 5 Day Rolling Avg $48.77
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 2,339

*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): 3,819

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

Canada                  586               Georgia                  165
Iowa                411,800               Illinois              21,873
Indiana              15,389               Kansas                 2,030
Kentucky              1,752               Michigan               8,006
Minnesota            43,823               Missouri               3,347
Mississippi             336               Montana                  427
North Carolina       13,460               North Dakota             210
Nebraska             19,719               Ohio                  14,576
Oklahoma              2,463               Pennsylvania           4,190
South Carolina          350               South Dakota           8,939
Tennessee                50               Wisconsin                317
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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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