National Daily Direct Hogs Afternoon
LM_HG203    ****CORRECTION TO OTHER MRKT FORMULA & SWINE & PORK MRKT FORMULA***
Des Moines, Iowa                Fri, Apr 13, 2018               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, April 13, 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                               10,227     10,227     12,676      5,052
Other Market Formula (Futures/Options)  *43,914*   *43,914*    27,376     25,329
Swine or Pork Market Formula           *147,251*  *147,251*   139,766    160,441
Other Purchase Arrangement               92,452     92,452     87,634     59,554
Negotiated Formula                        1,188      1,188      1,915      2,433
Packer Sold (all purchase types)          7,202      7,202     10,157      7,684
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,082

Compared to Prior Day's closing weighted average (LM_HG200),  0.59 higher

Base Price Rng $44.00 - $53.00, Wtd Avg $50.06, 5 Day Rolling Avg $47.67
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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): 5,082

*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   47.00  53.00   48.50  54.50   49.50  54.59   50.50  56.00   50.50  57.00
0.5   44.00  52.52   47.00  53.56   49.50  54.59   50.00  55.62   50.50  57.00
0.6   44.00  51.54   47.00  52.57   48.50  53.61   49.50  54.64   50.50  56.02
0.7   44.00  50.56   44.00  51.59   47.00  52.62   49.50  54.50   50.00  55.03
0.8   43.00  49.57   44.00  50.61   47.00  52.00   48.50  53.50   50.00  55.00
0.9   43.00  48.59   44.00  49.62   44.00  50.66   47.00  52.00   49.00  54.50
1.0   41.00  47.61   43.00  48.64   44.00  49.67   47.00  52.00   48.50  53.50
1.1   40.00  46.38   43.00  48.00   44.00  49.00   44.00  49.50   48.00  53.50
1.2   40.00  45.00   41.00  46.00   43.00  48.00   44.00  49.00   46.00  52.00
1.4   35.50  41.50   39.00  45.00   39.00  46.00   41.61  48.00   42.00  49.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -4.92          175#   -4.00  1.00          205#   -3.93  3.00
    155#   -30.00  0.00          185#   -1.50  2.00          215#   -3.93  3.00
    165#   -15.00  0.00          195#   -0.98  3.00          225#   -3.93  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 206.10 lb carcass, 0.64 inch back-fat,
7.36 square inch loin/2.45 inch loin depth, FFLI: 53.21%

Price Range $49.50 - $54.64
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     *****SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)*****

Barrows & Gilts (carcass basis): 144,988

Base Price Range $45.85 - $62.19, Weighted Average $51.99
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 2,955

Compared to Prior Day's closing weighted average (LM_HG200), 0.90 higher

Price Rng $28.50 - $41.50, Wtd Avg $37.61, 5 Day Rolling Avg $37.03
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,313

*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): 4,268

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

Canada                  558               Georgia                  522
Iowa                109,329               Illinois              28,993
Indiana              25,078               Kansas                 2,231
Kentucky              3,429               Michigan               7,669
Minnesota            45,417               Missouri               3,682
Montana                 182               North Carolina        14,298
North Dakota            215               Nebraska              17,529
Ohio                 22,620               Oklahoma               3,023
Pennsylvania          3,899               South Carolina           890
South Dakota         10,006               Tennessee              2,016
Wisconsin               648
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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

1500C



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