National Daily Direct Hogs Morning
LM_HG202
Des Moines, Iowa                Tue, Mar 13, 2018               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Tuesday, March 13, 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                               11,737      7,180      7,332      5,609
Other Market Formula (Futures/Options)  327,174    325,890     18,944      8,367
Swine or Pork Market Formula            106,569     96,425     94,925     85,656
Other Purchase Arrangement               64,788     59,856     63,942     56,952
Negotiated Formula                        2,083      1,993      1,621        500
Packer Sold (all purchase types)          6,203      6,203      6,717      9,718
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,813

Compared to Prior Day's closing weighted average (LM_HG200),  1.00 lower

Base Price Rng $54.00 - $60.50, Wtd Avg $59.50, 5 Day Rolling Avg $61.51
--------------------------------------------------------------------------------
               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): 5,813

*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   57.00  63.78   58.50  65.04   59.50  66.29   60.50  67.54   61.00  69.22
0.5   54.00  63.78   57.00  65.04   59.50  66.29   60.00  67.54   61.00  69.22
0.6   54.00  62.59   57.00  63.84   58.50  65.09   59.50  66.35   60.50  68.02
0.7   54.00  61.39   54.00  62.65   57.00  63.90   59.50  65.15   60.00  66.83
0.8   53.00  60.20   54.00  61.45   57.00  62.71   58.50  63.96   60.00  65.63
0.9   53.00  59.00   54.00  60.26   54.00  61.51   57.00  62.77   59.50  64.44
1.0   51.00  57.81   53.00  59.06   54.00  60.32   57.00  61.57   58.50  63.24
1.1   50.00  56.32   53.00  57.57   54.00  58.82   54.00  60.08   58.50  61.75
1.2   50.00  54.52   51.00  55.78   53.00  57.03   54.00  58.29   57.00  59.96
1.4   46.50  48.50   48.01  52.00   49.27  53.00   50.52  55.00   52.20  56.00
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -5.97          175#   -3.00  1.00          205#   -4.78  3.00
    155#   -30.00  0.00          185#   -0.25  1.50          215#   -4.78  3.00
    165#   -15.00  0.00          195#   -1.19  3.00          225#   -4.78  1.00
--------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 204.10 lb carcass, 0.64 inch back-fat,
7.27 square inch loin/2.42 inch loin depth, FFLI: 53.17%

Price Range $59.50 - $66.35
--------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 94,268

Base Price Range $58.80 - $70.17, Weighted Average $64.85
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 616

Compared to Prior Day's closing weighted average (LM_HG200), 0.34 lower

Price Rng $42.00 - $49.50, Wtd Avg $47.08, 5 Day Rolling Avg $48.87
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,808

*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): 2,424

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

Canada                  216               Georgia                  165
Iowa                388,841               Illinois              16,599
Indiana               5,963               Kansas                 2,030
Kentucky                397               Michigan               4,328
Minnesota            28,952               Missouri               3,182
Montana                 427               North Carolina        13,460
North Dakota            210               Nebraska              14,643
Ohio                  5,674               Oklahoma               2,463
Pennsylvania          1,830               South Carolina           350
South Dakota          7,552               Tennessee                 50
Wisconsin               215
--------------------------------------------------------------------------------
*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

1100C



.