Western Cornbelt Daily Direct Hogs Morning
LM_HG211
Des Moines, Iowa                Wed, Mar 14, 2018               USDA Market News

WESTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
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                                4,793        971      1,134      2,549
Other Market Formula (Futures/Options)   14,355     13,911     19,086      7,945
Swine or Pork Market Formula             71,786     67,876     65,440     63,217
Other Purchase Arrangement               39,544     37,291     37,938     39,919
Negotiated Formula                          170        170          0        170
Packer Sold (all purchase types)          3,780      3,780      3,952      5,818
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 160

*Price not reported due to confidentiality* 5 Day Rolling Avg $60.64
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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 FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 330

*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

*Price not reported due to confidentiality*
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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): 72,785

Base Price Range $58.28 - $69.85, Weighted Average $64.15
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,123

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

Barrows & Gilts (live basis, 240-320 lbs): 988

*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): 2,111

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

Iowa                 75,570               Kansas                 3,179
Minnesota            33,096               Missouri               3,560
Nebraska             11,651               South Dakota           6,794
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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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