National Daily Direct Hogs Afternoon
LM_HG203
Des Moines, Iowa                Wed, Jan 03, 2018               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Wednesday, January 3, 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                               10,157     10,157     13,014     13,972
Other Market Formula (Futures/Options)   33,881     33,881     41,472     26,825
Swine or Pork Market Formula            129,619    129,619    142,306    139,365
Other Purchase Arrangement               77,616     77,616     86,282     62,993
Negotiated Formula                        2,052      2,052      1,052      2,231
Packer Sold (all purchase types)         11,883     11,883     11,781     11,480
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 8,401

Compared to Prior Day's closing weighted average (LM_HG200),  1.65 higher

Base Price Rng $54.50 - $62.50, Wtd Avg $60.54, 5 Day Rolling Avg $59.01
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 0                     5 Day Rolling Avg $--
--------------------------------------------------------------------------------
        COMBINED NEGOTIATED & NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 8,401

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
--------------------------------------------------------------------------------
               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  50.50   47.90  54.00   49.00  56.50   50.40  60.50   52.00  61.50
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -5.96          175#   -4.00  2.25          205#   -4.77  4.50
    155#   -23.75  0.00          185#   -1.00  4.00          215#   -4.77  4.25
    165#   -11.00  0.00          195#   -1.19  4.50          225#   -4.77  2.00
--------------------------------------------------------------------------------
                  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
--------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 129,970

Base Price Range $56.45 - $73.50, Weighted Average $62.23
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,700

Compared to Prior Day's closing weighted average (LM_HG200), 0.28 higher

Price Rng $43.00 - $48.00, Wtd Avg $46.39, 5 Day Rolling Avg $46.16
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 2,482

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

Barrows & Gilts (live basis, 240-320 lbs): 4,182

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

Alabama                 169               Arkansas                 390
Canada                  216               Colorado                 160
Georgia                 673               Iowa                  99,879
Illinois             19,132               Indiana               15,658
Kansas                3,303               Kentucky                 908
Maryland                161               Michigan               9,256
Minnesota            48,583               Missouri               5,146
Mississippi             266               Montana                  444
North Carolina       15,079               Nebraska              15,222
New York                172               Ohio                  13,734
Oklahoma              2,842               Pennsylvania           4,661
South Carolina          340               South Dakota           8,011
Wisconsin               803
--------------------------------------------------------------------------------
*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



.