Iowa/Minnesota Daily Direct Hogs Afternoon
USDA - Wed Jul 11, 2:51PM CDT
LM_HG206
Des Moines, Iowa                Wed, Jul 11, 2018               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, July 11, 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                                5,928      5,928         33      5,631
Other Market Formula (Futures/Options)   14,108     14,108      1,295    141,997
Swine or Pork Market Formula             69,879     69,879      7,429     72,743
Other Purchase Arrangement               29,731     29,731     11,908     24,692
Negotiated Formula                            0          0         85          0
Packer Sold (all purchase types)          5,175      5,175          0     11,343
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 6,835

Compared to Prior Day's closing weighted average (LM_HG204), 0.41 lower

Base Price Rng $74.00 - $76.99, Wtd Avg $75.86, 5 Day Rolling Avg $76.63
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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): 6,835

*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

                            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   77.00  80.99   78.50  82.49   79.50  83.49   80.50  83.99   81.00  83.99
0.5   74.00  80.49   77.00  81.49   79.00  82.49   80.00  83.49   80.50  83.99
0.6   74.00  79.49   77.00  80.49   78.50  81.49   79.00  82.49   80.50  83.49
0.7   74.00  78.49   74.00  79.49   77.00  80.99   77.50  81.49   79.00  82.99
0.8   73.00  77.74   74.00  78.49   76.00  79.49   76.00  80.99   77.50  82.49
0.9   73.00  75.99   74.00  77.74   74.00  78.49   76.00  79.99   76.00  80.99
1.0   71.00  74.49   73.00  75.99   73.00  77.74   75.00  78.49   76.00  79.99
1.1   70.00  71.99   71.00  74.49   73.00  75.99   73.00  77.74   75.00  79.24
1.2   69.00  71.99   69.00  71.99   71.00  74.49   71.00  75.99   73.00  78.49
1.4   63.00  66.50   66.00  71.99   66.00  71.99   69.00  73.00   69.00  75.99
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -27.75-10.00          175#   -3.00  0.00          205#    0.00  2.00
    155#   -27.75 -7.55          185#   -0.25  2.00          215#   -0.25  2.00
    165#   -15.00 -3.37          195#    0.00  2.00          225#   -2.28  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 205.90 lb carcass, 0.62 inch back-fat,
7.60 square inch loin/2.53 inch loin depth, FFLI: 53.66%

Price Range $79.00 - $82.49
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 80,280

Base Price Range $73.24 - $82.49, Weighted Average $77.75
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 381

Compared to Prior Day's closing weighted average (LM_HG204), no comparison

Price Rng $52.48 - $59.75, Wtd Avg $57.64, 5 Day Rolling Avg $57.64
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 958

*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): 1,339

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

Iowa                110,265               Minnesota             45,396
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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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