Cattle.com

Eastern Cornbelt Daily Direct Prior Day Hog - Purchased Swine

Last Updated 10/23/2018 | View 1326 Archived Reports

LM_HG207
Des Moines, Iowa                Tue, Oct 23, 2018               USDA Market News

EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Monday, October 22, 2018

                          CURRENT VOLUME BY PURCHASE TYPE
                      BARROWS & GILTS LIVE AND CARCASS BASIS

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                                6,506           4,520          5,631
  Other Market Formula (Futures/Options)   11,497          11,145         29,469
  Swine or Pork Market Formula             38,370          31,899         40,232
  Other Purchase Arrangement               37,983          40,566         33,622
  Negotiated Formula                          489             563            843
Packer Sold (all purchase types)              325             160          2,906
--------------------------------------------------------------------------------
                NEGOTIATED     OTHER      SWINE     OTHER  NEGOTIATED    TOTALS/
                              MARKET    OR PORK  PURCHASE     FORMULA    WTD AVG
                             FORMULA     MARKET  ARRGMENT
                           (FUT/OPT)**  FORMULA
Barrows & Gilts (carcass basis):

Producer Sold
  Head Count         6,030    11,001     32,655     37,121          0     86,807
  Base Price         58.31     53.32      62.88      69.75          *      64.29
Packer Sold
  Head Count                                                                 325
  Base Price                                                                   *
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 6,030

Compared to Prior Day's closing weighted average (LM_HG207), no comparison

Base Price Rng $51.00 - $58.90, Wtd Avg $58.31, 5 Day Rolling Avg $59.47
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

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

Barrows & Gilts (carcass basis): 6,030

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
----------------------------------------------------------------------------------
           EASTERN 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

                            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   54.00  62.91   55.50  64.14   56.50  65.38   57.50  66.62   58.00  68.27
0.5   51.00  62.91   54.00  64.14   56.50  65.38   57.00  66.62   58.00  68.27
0.6   51.00  61.73   54.00  62.96   55.50  64.20   56.50  65.44   57.50  67.09
0.7   51.00  60.55   51.00  61.79   54.00  63.02   56.50  64.26   57.00  65.91
0.8   50.00  59.37   51.00  60.61   54.00  61.85   55.50  63.08   57.00  64.73
0.9   50.00  58.19   51.00  59.43   51.00  60.67   54.00  61.90   56.50  63.55
1.0   48.00  57.02   50.00  58.25   51.00  59.49   54.00  60.73   55.50  62.38
1.1   47.00  55.54   50.00  56.78   51.00  58.02   51.00  59.25   55.50  60.90
1.2   47.00  53.78   48.00  55.01   50.00  57.50   51.00  58.50   54.00  59.50
1.4   43.50  47.00   47.00  53.00   48.00  53.50   49.83  57.50   51.00  58.50
--------------------------------------------------------------------------------
                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -5.89          175#   -4.00  1.00          205#   -4.71  3.00
    155#   -30.00  0.00          185#   -1.00  1.50          215#   -4.71  3.00
    165#   -15.00  0.00          195#   -1.18  3.00          225#   -4.71  1.00
---------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 191.00 lb carcass, 0.65 inch back-fat,
6.38 square inch loin/2.13 inch loin depth, FFLI: 52.58%

Price Range $54.00 - $63.02
---------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 32,980

Base Price Range $57.66 - $72.12, Weighted Average $62.84
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 476

Compared to Prior Day's closing weighted average (LM_HG207), 1.78 lower

Price Rng $39.00 - $49.00, Wtd Avg $44.67, 5 Day Rolling Avg $47.20
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 489

*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): 965

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

Alabama                 700             Illinois              21,755
Indiana              22,506             Kentucky               1,879
Maryland                162             Michigan               9,635
Mississippi             171             North Carolina        14,856
Ohio                 14,744             Pennsylvania           5,133
South Carolina          350             Tennessee              2,427
Wisconsin               852
--------------------------------------------------------------------------------
*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.

** Futures/Options

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
0800C      www.ams.usda.gov/market-news/livestock-poultry-grain



.