Western Cornbelt Daily Direct Hogs Morning
LM_HG211	***RESENDING FOR CORRECTIONS ON NEGOTIATED CARCASS HOGS***
Des Moines, Iowa                Wed, Jan 03, 2018               USDA Market News

WESTERN CORNBELT 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                                3,687        247        706        529
Other Market Formula (Futures/Options)   18,813     18,401     19,880     10,633
Swine or Pork Market Formula             68,559     65,955     73,368     66,309
Other Purchase Arrangement               40,251     39,047     45,147     35,667
Negotiated Formula                          350        350          0          0
Packer Sold (all purchase types)          7,147      6,175      6,428      8,355
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                ***NEGOTIATED PURCHASE (Including Packer Sold)***

Barrows & Gilts (carcass basis): 2,192

Compared to Prior Day's closing weighted average (LM_HG208), 1.97 higher

Base Price Rng $54.50 - $61.50, Wtd Avg $60.86, 5 Day Rolling Avg $58.89
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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): 2,192

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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          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*
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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): 70,565

Base Price Range $56.71 - $73.50, Weighted Average $63.85
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 153

*Price not reported due to confidentiality* 5 Day Rolling Avg $46.01
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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): 1,792

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

Iowa                 71,633               Kansas                 3,303
Minnesota            41,144               Missouri               4,815
Nebraska             13,339               South Dakota           6,910
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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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