Iowa/Minnesota Daily Direct Hogs Morning
LM_HG205	***RESENDING FOR CORRECTIONS ON NEGOTIATED CARCASS HOGS***
Des Moines, Iowa                Wed, Jan 03, 2018               USDA Market News

IOWA/MINNESOTA DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, January 3, 2018
(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                                3,120        120        501        529
Other Market Formula (Futures/Options)   10,353     10,353     10,425      8,535
Swine or Pork Market Formula             47,911     45,897     48,761     42,257
Other Purchase Arrangement               23,748     23,748     23,353     21,275
Negotiated Formula                          350        350          0          0
Packer Sold (all purchase types)          3,704      2,732      3,017      5,716
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                ***NEGOTIATED PURCHASE (Including Packer Sold)***

Barrows & Gilts (carcass basis): 2,175

Compared to Prior Day's closing weighted average (LM_HG204), 1.82 higher

Base Price Rng $54.50 - $61.50, Wtd Avg $60.91, 5 Day Rolling Avg $59.06
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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): 2,175

*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#   -32.00 -8.85          175#   -4.00  0.00          205#    0.00  0.59
    155#   -19.00 -4.13          185#   -1.00  0.00          215#    0.00  0.00
    165#    -9.00 -1.77          195#    0.00  0.00          225#   -1.33  0.00
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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): 61,031

Base Price Range $57.24 - $73.50, Weighted Average $63.77
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 45

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

Barrows & Gilts (live basis, 240-320 lbs): 1,639

*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): 1,684

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

Iowa                 71,633               Minnesota             41,144
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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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