National Daily Direct Hogs Morning
LM_HG202
Des Moines, Iowa                Wed, Mar 14, 2018               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Wednesday, March 14, 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                                9,657      5,615      4,841      5,657
Other Market Formula (Futures/Options)   19,549     18,579     26,080     19,159
Swine or Pork Market Formula            108,136     97,833     92,005     94,384
Other Purchase Arrangement               67,614     61,651     60,183     60,212
Negotiated Formula                        2,305      2,305      1,311        835
Packer Sold (all purchase types)          6,353      6,353      5,722      7,714
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 3,852

Compared to Prior Day's closing weighted average (LM_HG200),  0.98 lower

Base Price Rng $54.00 - $59.04, Wtd Avg $58.60, 5 Day Rolling Avg $60.62
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 170

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

Barrows & Gilts (carcass basis): 4,022

*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

*Price not reported due to confidentiality*
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -5.90          175#   -1.35  1.00          205#   -4.72  3.00
    155#   -30.00  0.00          185#    0.00  1.50          215#   -4.72  3.00
    165#   -15.00  0.00          195#   -1.18  3.00          225#   -4.72  1.00
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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): 95,696

Base Price Range $58.28 - $69.85, Weighted Average $64.27
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,675

Compared to Prior Day's closing weighted average (LM_HG200), 0.07 lower

Price Rng $43.00 - $50.00, Wtd Avg $48.07, 5 Day Rolling Avg $48.58
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 2,134

*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): 3,809

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

Canada                  122               Iowa                  75,570
Illinois             17,169               Indiana                7,734
Kansas                3,179               Kentucky                 740
Maryland                165               Michigan               5,908
Minnesota            33,096               Missouri               3,560
Montana                 664               North Carolina        13,531
North Dakota            185               Nebraska              11,651
New York                323               Ohio                   6,486
Oklahoma              2,215               Pennsylvania           2,515
South Carolina          170               South Dakota           6,794
Virginia                165               Wisconsin                394
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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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