National Daily Direct Hogs Morning
LM_HG202	***RESENDING FOR CORRECTIONS ON NEGOTIATED CARCASS HOGS***
Des Moines, Iowa                Wed, Jan 03, 2018               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
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                                9,468      5,933      5,052      3,678
Other Market Formula (Futures/Options)   24,807     24,406     31,603     13,471
Swine or Pork Market Formula            104,054     94,409    107,420     92,447
Other Purchase Arrangement               68,137     63,293     72,850     51,318
Negotiated Formula                        1,873      1,866      1,052        351
Packer Sold (all purchase types)          9,710      8,738      9,142      9,668
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                ***NEGOTIATED PURCHASE (Including Packer Sold)***

Barrows & Gilts (carcass basis): 4,552

Compared to Prior Day's closing weighted average (LM_HG200),  1.31 higher

Base Price Rng $54.50 - $61.50, Wtd Avg $60.20, 5 Day Rolling Avg $58.71
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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): 4,552

*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   57.50  63.63   59.00  64.88   60.00  66.13   61.00  67.39   61.50  69.05
0.5   54.50  63.63   57.50  64.88   60.00  66.13   60.50  67.39   61.50  69.05
0.6   54.50  62.44   57.50  63.69   59.00  64.94   60.00  66.19   61.00  67.86
0.7   54.50  61.50   54.50  62.50   57.50  63.75   60.00  65.00   60.50  66.67
0.8   53.50  61.00   54.50  61.50   57.50  62.56   59.00  64.00   60.50  65.48
0.9   53.50  60.50   54.50  61.00   54.50  62.00   57.50  63.00   59.00  65.00
1.0   51.50  58.50   53.50  60.50   54.50  61.50   57.50  62.50   59.00  64.00
1.1   50.50  56.50   53.50  58.50   54.50  61.00   54.50  62.00   58.00  63.00
1.2   50.50  54.40   51.50  56.50   53.50  60.50   54.00  61.50   56.00  62.50
1.4   46.00  48.50   47.90  53.50   49.00  56.50   50.40  60.50   52.00  61.50
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -5.96          175#   -4.00  0.00          205#   -4.77  0.59
    155#   -19.00  0.00          185#   -1.00  0.00          215#   -4.77  0.00
    165#    -9.00  0.00          195#   -1.19  0.00          225#   -4.77  0.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 205.16 lb carcass, 0.72 inch back-fat,
7.21 square inch loin/2.40 inch loin depth, FFLI: 51.91%

Price Range $60.00 - $65.00
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 94,583

Base Price Range $56.71 - $73.50, Weighted Average $63.62
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,339

Compared to Prior Day's closing weighted average (LM_HG200), 0.35 higher

Price Rng $43.00 - $48.00, Wtd Avg $46.46, 5 Day Rolling Avg $46.17
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 2,296

*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): 3,635

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

Arkansas                390               Canada                   216
Georgia                 170               Iowa                  71,633
Illinois             14,363               Indiana                5,901
Kansas                3,303               Kentucky                 908
Maryland                161               Michigan               4,192
Minnesota            41,144               Missouri               4,815
Mississippi             266               Montana                  444
North Carolina       15,079               Nebraska              13,339
New York                172               Ohio                   8,613
Oklahoma              2,842               Pennsylvania           2,641
South Carolina          340               South Dakota           6,910
Wisconsin               803
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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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