Iowa/Minnesota Daily Direct Hogs Afternoon
LM_HG206    ****CORRECTION TO OTHER MRKT FORMULA & SWINE & PORK MRKT FORMULA***
Des Moines, Iowa                Fri, Apr 13, 2018               USDA Market News

IOWA/MINNESOTA DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
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                                1,380      1,380      4,283      3,953
Other Market Formula (Futures/Options)  *13,242*   *13,242*    11,153     11,720
Swine or Pork Market Formula            *76,800*   *76,800*    75,146     97,016
Other Purchase Arrangement               34,628     34,628     35,432     26,081
Negotiated Formula                            0          0        146          0
Packer Sold (all purchase types)          4,185      4,185      5,313      6,712
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,234

Compared to Prior Day's closing weighted average (LM_HG204), 0.44 higher

Base Price Rng $44.00 - $53.00, Wtd Avg $51.10, 5 Day Rolling Avg $48.44
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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 FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,234

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

    145#   -30.00-10.00          175#   -3.25  1.00          205#    0.00  3.00
    155#   -30.00 -9.00          185#   -1.50  2.00          215#   -0.25  3.00
    165#   -15.00 -3.37          195#    0.00  3.00          225#   -2.25  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

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

Barrows & Gilts (carcass basis): 91,894

Base Price Range $45.85 - $62.19, Weighted Average $52.14
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 962

Compared to Prior Day's closing weighted average (LM_HG204),

Price Rng $37.20 - $39.50, Wtd Avg $38.74, 5 Day Rolling Avg $37.60
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 489

*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): 1,451

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

Iowa                109,329               Minnesota             45,417
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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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