Iowa/Minnesota Daily Direct Hogs Morning
USDA - Wed Jun 13, 10:48AM CDT
LM_HG205
Des Moines, Iowa                Wed, Jun 13, 2018               USDA Market News

IOWA/MINNESOTA DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, June 13, 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                                3,440      1,780      2,174      2,153
Other Market Formula (Futures/Options)    9,222      9,222      6,092      6,204
Swine or Pork Market Formula             51,361     46,934     52,782     39,850
Other Purchase Arrangement               24,314     24,314     28,028     24,684
Negotiated Formula                           75         75          0          0
Packer Sold (all purchase types)          1,665      1,665      1,515      4,207
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,511

Compared to Prior Day's closing weighted average (LM_HG204), 1.06 higher

Base Price Rng $78.50 - $83.00, Wtd Avg $81.65, 5 Day Rolling Avg $78.27
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 75

*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): 2,586

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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           IOWA/MINNESOTA 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#   -30.00-10.00          175#   -3.00  1.00          205#    0.00  3.00
    155#   -30.00 -8.30          185#   -0.25  2.00          215#   -0.25  3.00
    165#   -15.00 -4.98          195#    0.00  3.00          225#   -2.49  2.00
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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): 58,478

Base Price Range $68.64 - $84.47, Weighted Average $78.19
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 415

Compared to Prior Day's closing weighted average (LM_HG204), 1.58 higher

Price Rng $56.35 - $61.50, Wtd Avg $59.95, 5 Day Rolling Avg $56.83
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 846

*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): 1,261

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

Iowa                 78,884               Minnesota             34,976
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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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