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USDA-LM: Western Cornbelt Daily Direct Hogs Morning

Des Moines, Iowa - Thu, Dec 07, 2017 - USDA Market News


WESTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, December 7, 2017
(Includes information from 1:30 PM to 9:30 AM.)

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

                                      Estimated     Actual     Actual     Actual
                                          Today      Today   Week Ago   Year Ago
Producer Sold
Negotiated                                7,281      4,628      3,781      1,208
Other Market Formula (Futures/Options)   11,306      9,407     14,906     10,640
Swine or Pork Market Formula             77,475     73,156     77,280     68,658
Other Purchase Arrangement               34,620     32,716     32,875     29,405
Negotiated Formula                          340        340          0          0
Packer Sold (all purchase types)          8,425      7,777      6,207      7,108
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 3,710

Compared to Prior Day's closing weighted average (LM_HG208), 1.35 lower

Base Price Rng $53.00 - $60.00, Wtd Avg $57.46, 5 Day Rolling Avg $59.24
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 340

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

Barrows & Gilts (carcass basis): 4,050

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

   145#    -23.75 -14.62        175#   -1.35  2.25          205#    0.00  4.50
   155#    -23.75 -11.82        185#    0.00  4.00          215#    0.00  4.25
   165#    -11.00  -3.37        195#    0.00  4.50          225#   -1.33  0.50
---------------------------------------------------------------------------------
                  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): 81,874

Base Price Range $57.34 - $78.79, Weighted Average $65.22
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 918

Compared to Prior Day's closing weighted average (LM_HG208), 0.29 lower

Price Rng $42.45 - $50.00, Wtd Avg $46.76, 5 Day Rolling Avg $46.73
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,550

*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): 2,468

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

Iowa                 73,830               Kansas                 1,987
Minnesota            39,344               Missouri               2,529
Nebraska             11,591               South Dakota           8,609
---------------------------------------------------------------------------------
*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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