National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Thu, Sep 20, 2018               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Thursday, September 20, 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                               13,644     13,644      7,437     14,216
Other Market Formula (Futures/Options)   58,669     58,669     33,470     46,643
Swine or Pork Market Formula            126,998    126,998    125,959    133,849
Other Purchase Arrangement               76,088     76,088     96,305     68,789
Negotiated Formula                        1,267      1,267        615      3,194
Packer Sold (all purchase types)          8,683      8,683     10,256     11,184
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 12,094

Compared to Prior Day's closing weighted average (LM_HG200),  2.17 higher

Base Price Rng $50.00 - $61.00, Wtd Avg $58.40, 5 Day Rolling Avg $54.10
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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): 12,094

*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   53.00  61.00   54.50  62.50   55.50  62.50   56.50  64.00   57.00  64.78
0.5   50.00  59.69   53.00  61.00   55.50  62.04   56.00  63.21   57.00  64.78
0.6   50.00  59.50   53.00  59.75   54.50  61.00   55.50  62.09   56.50  63.66
0.7   50.00  58.00   50.00  58.63   53.00  59.80   55.50  60.98   56.00  62.54
0.8   49.00  57.00   50.00  58.00   53.00  58.68   54.50  59.86   56.00  61.42
0.9   49.00  55.22   50.00  57.00   50.00  57.57   53.00  58.74   55.50  60.31
1.0   47.00  55.00   49.00  55.28   50.00  56.45   53.00  57.62   54.50  59.19
1.1   46.00  53.00   49.00  53.88   50.00  55.05   50.00  56.23   54.50  57.79
1.2   46.00  51.03   47.00  52.20   49.00  53.38   50.00  54.55   53.00  56.11
1.4   42.50  45.00   44.94  48.00   46.11  48.00   47.28  51.00   48.85  51.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -5.59          175#   -3.00  1.00          205#   -4.47  3.00
    155#   -30.00  0.00          185#   -0.25  1.50          215#   -4.47  3.00
    165#   -15.00  0.00          195#   -1.12  3.00          225#   -4.47  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 199.20 lb carcass, 0.65 inch back-fat,
7.08 square inch loin/2.36 inch loin depth, FFLI: 52.96%

Price Range $55.50 - $60.98
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 124,601

Base Price Range $49.02 - $74.47, Weighted Average $57.99
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,385

Compared to Prior Day's closing weighted average (LM_HG200), 0.98 higher

Price Rng $37.24 - $45.00, Wtd Avg $42.60, 5 Day Rolling Avg $40.13
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,512

*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): 2,897

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

Alabama                 505               Iowa                 100,926
Illinois             17,927               Indiana               15,459
Kansas                2,380               Kentucky               1,520
Michigan              9,261               Minnesota             67,869
Missouri              5,191               Mississippi              165
North Carolina        8,586               North Dakota             360
Nebraska             21,555               New York                 109
Ohio                 17,847               Oklahoma               2,389
Pennsylvania          3,866               South Carolina           170
South Dakota          7,663               Tennessee              1,266
Wisconsin               335
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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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