National Daily Direct Prior Purchased Swine
LM_HG200
Des Moines, Iowa                Tue, Feb 13, 2018               USDA Market News

NATIONAL DAILY DIRECT PRIOR DAY HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Monday, February 12, 2018

                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                               10,421           7,751          8,727
  Other Market Formula (Futures/Options)   32,715          34,745         30,897
  Swine or Pork Market Formula            132,530         137,273        151,174
  Other Purchase Arrangement              149,041         106,529        102,805
  Negotiated Formula                        1,000           1,255          2,159
Packer Sold (all purchase types)            9,360          10,333         14,959
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                NEGOTIATED     OTHER       SWINE       OTHER NEGOTIATED  TOTALS/
                              MARKET     OR PORK    PURCHASE    FORMULA  WTD AVG
                             FORMULA      MARKET    ARRGMENT
                           (FUT/OPT)**   FORMULA
Barrows & Gilts (carcass basis):

Producer Sold
  Head Count         8,799    31,693     125,045     145,621        210  311,368
  Base Price         68.91     69.72       71.46       71.74          *    71.29
Packer Sold
  Head Count                                                               9,148
  Base Price                                                               72.07
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):   8,799

Compared to the prior day, on a plant by plant basis, weighted average base 
prices were 2.39 lower to 2.00 higher, mostly 0.50 to 2.25 lower. Slow to 
moderate market activity with light to moderate demand.

Compared to Prior Day's closing weighted average (LM_HG200),   0.57 lower

Base Price Rng $61.00 - $70.00, Wtd Avg $68.91, 5 Day Rolling Avg $70.69
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis):   210

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASES (Including Packer Sold)

Barrows & Gilts (carcass basis):   9,009

*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   64.00  73.52   65.50  74.97   66.50  76.41   67.50  77.86   68.00  79.79
0.5   61.00  73.52   64.00  74.97   66.50  76.41   67.00  77.86   68.00  79.79
0.6   61.00  72.14   64.00  73.59   65.50  75.04   66.50  76.48   67.50  78.41
0.7   61.00  70.77   61.00  72.21   64.00  73.66   66.50  75.10   67.00  77.03
0.8   60.00  69.39   61.00  70.84   64.00  72.28   65.50  73.73   67.00  75.66
0.9   60.00  68.01   61.00  69.46   61.00  70.91   64.00  72.35   66.50  74.28
1.0   58.00  66.64   60.00  68.08   61.00  69.53   64.00  70.97   65.50  72.90
1.1   57.00  64.92   60.00  66.36   61.00  68.25   61.00  69.25   65.50  71.18
1.2   57.00  62.85   58.00  64.30   60.00  67.75   61.00  68.75   64.00  69.75
1.4   53.50  56.00   55.35  60.75   56.79  63.75   58.24  67.75   60.00  68.75
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                          CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -6.88          175#   -4.00  1.00          205#   -5.51  3.00
    155#   -30.00  0.00          185#   -1.00  2.00          215#   -5.51  3.00
    165#   -15.00  0.00          195#   -1.38  3.00          225#   -5.51  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 205.20 lb carcass, 0.66 inch back-fat,
7.14 square inch loin/2.38 inch loin depth, FFLI: 52.78%

Price Range $66.50 - $75.10
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 130,415

Base Price Range $64.26 - $76.59, Weighted Average $71.45
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,133

Compared to Prior Day's closing weighted average (LM_HG200),  1.17 lower

Price Rng $50.00 - $57.00, Wtd Avg $53.89, 5 Day Rolling Avg $55.14
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 790

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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   COMBINED NEGOTIATED AND NEGOTIATED FORMULA PURCHASES (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,923

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

Arkansas                  4             Georgia                  170
Iowa                162,003             Illinois              27,138
Indiana              19,722             Kansas                 2,876
Kentucky              2,912             Maryland                 100
Michigan              9,484             Minnesota             43,518
Missouri              3,984             Mississippi              167
Montana                 659             North Carolina        15,533
North Dakota            558             Nebraska              13,214
Ohio                 15,251             Oklahoma               2,911
Pennsylvania          3,638             South Carolina           520
South Dakota          7,613             Tennessee              2,250
Utah                     40             Wisconsin                637
West Virginia           165
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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.
** Futures/Options

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
0800C

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