National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Wed, Jul 11, 2018               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
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                               12,320     12,320         53     14,000
Other Market Formula (Futures/Options)   37,471     37,471      1,958    152,961
Swine or Pork Market Formula            122,420    122,420     11,705    146,092
Other Purchase Arrangement               87,666     87,666     18,434     66,980
Negotiated Formula                        1,719      1,719         85      1,122
Packer Sold (all purchase types)         10,372     10,372          0     15,304
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 10,465

Compared to Prior Day's closing weighted average (LM_HG200),  0.30 lower

Base Price Rng $68.00 - $76.99, Wtd Avg $75.88, 5 Day Rolling Avg $76.34
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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 PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 10,465

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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               NATIONAL 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   71.00  81.17   72.50  82.76   73.50  84.36   74.50  85.96   75.00  88.08
0.5   68.00  81.17   71.00  82.76   73.50  84.36   74.00  85.96   75.00  88.08
0.6   68.00  79.65   71.00  81.24   72.50  82.84   73.50  84.44   74.50  86.56
0.7   68.00  78.49   68.00  79.72   71.00  81.32   73.50  82.92   74.00  85.04
0.8   67.00  77.74   68.00  78.49   71.00  79.80   72.50  81.40   74.00  83.52
0.9   67.00  75.99   68.00  77.74   68.00  78.49   71.00  79.99   73.50  82.00
1.0   65.00  74.49   67.00  75.99   68.00  77.74   71.00  78.49   72.50  80.48
1.1   64.00  71.99   67.00  74.49   68.00  75.99   68.00  77.74   72.50  79.43
1.2   64.00  71.99   65.00  71.99   67.00  74.49   68.00  75.99   71.00  78.49
1.4   59.51  67.43   61.10  71.99   62.70  71.99   64.30  73.93   66.42  75.99
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -27.75 -7.60          175#   -3.00  0.00          205#   -6.08  2.00
    155#   -27.75  0.00          185#   -0.25  2.00          215#   -6.08  2.00
    165#   -15.00  0.00          195#   -1.52  2.00          225#   -6.08  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 195.07 lb carcass, 0.61 inch back-fat,
6.66 square inch loin/2.22 inch loin depth, FFLI: 53.37%

Price Range $73.50 - $84.44
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 122,128

Base Price Range $73.24 - $83.33, Weighted Average $78.31
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,191

Compared to Prior Day's closing weighted average (LM_HG200), 0.93 higher

Price Rng $52.48 - $62.00, Wtd Avg $58.96, 5 Day Rolling Avg $58.71
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,650

*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): 2,841

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

Alabama                 160               Canada                   150
Georgia                 345               Iowa                 110,265
Illinois             20,670               Indiana               16,248
Kansas                2,359               Kentucky               1,608
Michigan             10,611               Minnesota             45,396
Missouri              3,067               Mississippi              420
Montana                 445               North Carolina        13,935
North Dakota            185               Nebraska              14,108
New York                174               Ohio                  17,257
Oklahoma              2,054               Pennsylvania           3,307
South Carolina          170               South Dakota           7,203
Tennessee             1,288               Wisconsin                373
West Virginia           170
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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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