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USDA-LM: Eastern Cornbelt Daily Direct Prior Day Purchased Swine

Des Moines, Iowa - Fri, Feb 09, 2018 - USDA Market News


EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, February 8, 2018

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

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                                3,908           4,275          4,915
  Other Market Formula (Futures/Options)    9,065           9,982         32,858
  Swine or Pork Market Formula             35,516          35,725         42,897
  Other Purchase Arrangement               30,948          31,991         17,134
  Negotiated Formula                          794             818            764
Packer Sold (all purchase types)            1,700             150              0
--------------------------------------------------------------------------------
                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         2,501     8,050     31,136     29,772          0     71,459
  Base Price             *     69.85      74.15      74.12          *      73.52
Packer Sold
  Head Count                                                               1,700
  Base Price                                                                   *
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,051

Compared to Prior Day's closing weighted average (LM_HG207), no comparison

Base Price Rng $67.00 - $70.76, Wtd Avg $69.09, 5 Day Rolling Avg $69.09
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 0                     5 Day Rolling Avg $--
----------------------------------------------------------------------------------
    COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,051

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
----------------------------------------------------------------------------------
           EASTERN 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*
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -7.08          175#   -3.00  1.00          205#   -5.66  3.00
    155#   -30.00  0.00          185#    0.00  1.50          215#   -5.66  3.00
    165#   -15.00  0.00          195#   -1.42  3.00          225#   -5.66  1.00
---------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

*Price not reported due to confidentiality*
--------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 31,286

Base Price Range $66.80 - $77.58, Weighted Average $74.15
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,200

Compared to Prior Day's closing weighted average (LM_HG207), 1.44 higher

Price Rng $53.50 - $60.00, Wtd Avg $56.40, 5 Day Rolling Avg $55.88
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 794

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

Barrows & Gilts (live basis, 240-320 lbs): 1,994

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

Florida                 160             Illinois              19,276
Indiana              19,974             Kentucky                 680
Maryland                119             Michigan               8,509
Mississippi             333             North Carolina        14,671
New York                344             Ohio                  12,937
Pennsylvania          3,964             South Carolina            75
Wisconsin               889
--------------------------------------------------------------------------------
*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
0800C      www.ams.usda.gov/market-news/livestock-poultry-grain



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