National Daily Direct Hogs Morning
USDA - Wed May 16, 10:41AM CDT
LM_HG202
Des Moines, Iowa                Wed, May 16, 2018               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Wednesday, May 16, 2018
(Includes information from 1:30 PM to 9:30 AM.)

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

                                      Estimated     Actual     Actual     Actual
                                          Today      Today   Week Ago   Year Ago
Producer Sold
Negotiated                                6,962      4,417      4,358      5,740
Other Market Formula (Futures/Options)   20,125     19,331     19,237     41,397
Swine or Pork Market Formula            102,709     92,316     85,853     85,300
Other Purchase Arrangement               68,727     60,337     69,260     56,311
Negotiated Formula                          992        992      1,270      1,920
Packer Sold (all purchase types)          6,785      6,785      5,804     10,253
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 3,815

Compared to Prior Day's closing weighted average (LM_HG200),  0.12 lower

Base Price Rng $58.00 - $65.00, Wtd Avg $64.36, 5 Day Rolling Avg $63.03
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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): 3,815

*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   61.00  68.65   62.50  70.00   63.50  71.35   64.50  72.70   65.00  74.50
0.5   58.00  68.65   61.00  70.00   63.50  71.35   64.00  72.70   65.00  74.50
0.6   58.00  67.37   61.00  68.72   62.50  70.07   63.50  71.42   64.50  73.21
0.7   58.00  66.08   58.00  67.43   61.00  68.78   63.50  70.13   64.00  71.93
0.8   57.00  64.79   58.00  66.14   61.00  67.49   62.50  68.84   64.00  70.64
0.9   57.00  63.51   58.00  64.86   58.00  66.21   61.00  67.56   63.50  69.36
1.0   55.00  62.22   57.00  63.57   58.00  64.92   61.00  66.27   62.50  68.07
1.1   54.00  60.62   57.00  61.97   58.00  63.32   58.00  64.67   62.50  66.47
1.2   54.00  58.69   55.00  60.04   57.00  61.39   58.00  62.74   61.00  64.54
1.4   50.33  51.50   51.68  54.50   53.03  55.00   54.38  57.50   56.18  58.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -6.43          175#   -3.00  1.00          205#   -5.14  3.00
    155#   -30.00  0.00          185#   -0.25  1.50          215#   -5.14  3.00
    165#   -15.00  0.00          195#   -1.29  3.00          225#   -5.14  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 196.54 lb carcass, 0.62 inch back-fat,
6.87 square inch loin/2.29 inch loin depth, FFLI: 53.33%

Price Range $63.50 - $71.42
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 89,850

Base Price Range $60.00 - $69.87, Weighted Average $65.84
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 547

Compared to Prior Day's closing weighted average (LM_HG200), 1.08 higher

Price Rng $46.50 - $52.75, Wtd Avg $50.19, 5 Day Rolling Avg $48.14
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 924

*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): 1,471

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

Iowa                 70,221               Illinois              13,734
Indiana               6,674               Kansas                 2,507
Kentucky              1,095               Maryland                 120
Michigan              3,977               Minnesota             37,457
Missouri              5,040               Mississippi              276
Montana                 716               North Carolina        11,088
North Dakota            525               Nebraska              13,918
New York                327               Ohio                   6,382
Oklahoma              1,837               Pennsylvania           1,796
South Carolina          350               South Dakota           5,538
Virginia                120               Wisconsin                535
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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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