Western Cornbelt Daily Direct Hogs Afternoon
LM_HG212
Des Moines, Iowa                Thu, Nov 08, 2018               USDA Market News

WESTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, November 8, 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                                1,089      1,089      7,300      4,234
Other Market Formula (Futures/Options)   17,148     17,148     20,239     31,665
Swine or Pork Market Formula             87,317     87,317     89,306    101,422
Other Purchase Arrangement               44,191     44,191     38,841     30,449
Negotiated Formula                            0          0          0          0
Packer Sold (all purchase types)          7,648      7,648      6,818      8,057
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 702

Compared to Prior Day's closing weighted average (LM_HG208), 1.74 lower

Base Price Rng $49.00 - $55.50, Wtd Avg $53.66, 5 Day Rolling Avg $56.06
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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): 702

*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  -9.86        175#   -3.00  1.00          205#    0.00  3.00
   155#    -30.00  -5.48        185#   -0.25  1.50          215#   -0.25  3.00
   165#    -15.00  -3.29        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): 95,848

Base Price Range $52.44 - $69.47, Weighted Average $59.99
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 507

Compared to Prior Day's closing weighted average (LM_HG208), 0.56 higher

Price Rng $37.25 - $45.70, Wtd Avg $43.92, 5 Day Rolling Avg $44.15
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 249

*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): 756

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

Iowa                 94,672               Kansas                 2,343
Minnesota            47,069               Missouri               5,112
Nebraska             15,683               South Dakota           5,128
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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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