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Western Cornbelt Daily Direct Prior Day Hog - Purchased Swine

Last Updated 12/13/2018 | View 1361 Archived Reports

LM_HG208
Des Moines, Iowa                Thu, Dec 13, 2018               USDA Market News

WESTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, December 12, 2018

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

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                                6,458           9,542         10,475
  Other Market Formula (Futures/Options)   19,935          18,402         14,951
  Swine or Pork Market Formula            102,686          91,262        109,877
  Other Purchase Arrangement               49,227          53,452         40,405
  Negotiated Formula                          626             640            650
Packer Sold (all purchase types)            9,080           9,295         11,883
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                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         5,272    19,935     98,552     46,679          0    170,438
  Base Price         46.22     54.58      53.89      58.87          *      55.10
Packer Sold
  Head Count                                                               8,923
  Base Price                                                               49.84
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,472

Compared to Prior Day's closing weighted average (LM_HG208),  0.08 lower

Base Price Rng $43.00 - $47.00, Wtd Avg $46.14, 5 Day Rolling Avg $46.26
--------------------------------------------------------------------------------
               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):  5,472

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
--------------------------------------------------------------------------------
          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*
--------------------------------------------------------------------------------
                          CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -7.92          175#   -3.00  1.00          205#    0.00  3.00
    155#   -30.00 -4.40          185#   -0.25  1.50          215#   -0.25  3.00
    165#   -15.00 -2.64          195#    0.00  3.00          225#   -2.25  1.00
--------------------------------------------------------------------------------
                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

*Price not reported due to confidentiality*
--------------------------------------------------------------------------------
          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 104,429

Base Price Range $44.26 - $68.44, Weighted Average $53.64
--------------------------------------------------------------------------------
                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 650

*Price not reported due to confidentiality* 5 Day Rolling Avg $35.48
--------------------------------------------------------------------------------
               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 779

*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): 1,429

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

Iowa                113,019             Kansas                 2,720
Minnesota            45,918             Missouri               3,132
Nebraska             16,914             South Dakota           6,509
--------------------------------------------------------------------------------
*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
           www.ams.usda.gov/market-news/livestock-poultry-grain
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