Western Cornbelt Daily Direct Hogs Morning
USDA - Wed Jun 13, 10:48AM CDT
LM_HG211
Des Moines, Iowa                Wed, Jun 13, 2018               USDA Market News

WESTERN CORNBELT 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                                4,920      2,903      2,614      2,998
Other Market Formula (Futures/Options)   12,562     12,052      9,799      9,234
Swine or Pork Market Formula             66,548     61,524     67,371     60,563
Other Purchase Arrangement               42,966     41,375     45,852     41,392
Negotiated Formula                           75         75          0          0
Packer Sold (all purchase types)          3,141      3,141      2,821      7,198
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,511

Compared to Prior Day's closing weighted average (LM_HG208), 1.19 higher

Base Price Rng $78.50 - $83.00, Wtd Avg $81.65, 5 Day Rolling Avg $78.15
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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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          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 -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): 66,712

Base Price Range $68.64 - $84.47, Weighted Average $78.20
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 567

Compared to Prior Day's closing weighted average (LM_HG208), 0.63 higher

Price Rng $56.35 - $61.50, Wtd Avg $59.00, 5 Day Rolling Avg $56.22
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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): 1,413

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

Iowa                 78,884               Kansas                 2,606
Minnesota            34,976               Missouri               2,477
Nebraska             10,070               South Dakota           5,079
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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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