Western Cornbelt Daily Direct Hogs Morning
USDA - Wed May 16, 10:41AM CDT
LM_HG211
Des Moines, Iowa                Wed, May 16, 2018               USDA Market News

WESTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
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                                4,530      2,330      1,258      2,779
Other Market Formula (Futures/Options)   14,208     13,632     12,571     10,988
Swine or Pork Market Formula             70,028     65,190     60,127     55,551
Other Purchase Arrangement               41,746     40,161     44,622     38,329
Negotiated Formula                            0          0        100         35
Packer Sold (all purchase types)          4,067      4,067      3,571      8,313
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,075

Compared to Prior Day's closing weighted average (LM_HG208), 0.34 lower

Base Price Rng $58.00 - $65.00, Wtd Avg $64.44, 5 Day Rolling Avg $63.56
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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 PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,075

*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#    -30.00 -11.70        175#   -3.00  1.00          205#    0.00  3.00
   155#    -30.00  -6.50        185#   -0.25  1.50          215#   -0.25  3.00
   165#    -15.00  -3.37        195#    0.00  3.00          225#   -2.25  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): 68,864

Base Price Range $60.27 - $69.55, Weighted Average $65.52
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 255

Compared to Prior Day's closing weighted average (LM_HG208), 1.69 higher

Price Rng $46.50 - $52.75, Wtd Avg $50.88, 5 Day Rolling Avg $48.49
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 224

*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): 479

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

Iowa                 70,221               Kansas                 2,507
Minnesota            37,457               Missouri               5,040
Nebraska             13,918               South Dakota           5,538
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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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