National Daily Direct Hogs Morning
LM_HG202
Des Moines, Iowa                Fri, May 19, 2017               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Friday, May 19, 2017
(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                              4,987      3,329      4,413      2,549
  Other Market Formula                   13,102     11,006     21,134      1,075
  Swine or Pork Market Formula          112,028     91,591     94,454     31,140
  Other Purchase Arrangement             69,925     49,962     50,525     15,633
  Negotiated Formula                      1,545      1,545      1,461          0
Packer Sold (all purchase types)          6,968      6,968      5,585      2,825
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,151

Compared to Prior Day's closing weighted average (LM_HG200),  0.52 lower

Base Price Rng $66.00 - $71.50, Wtd Avg $70.11, 5 Day Rolling Avg $70.87
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 335

*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): 2,486

*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

                             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   69.00  74.85   70.50  76.32   71.50  77.79   72.50  79.26   73.00  81.22
0.5   66.00  74.85   69.00  76.32   71.50  77.79   72.00  79.26   73.00  81.22
0.6   66.00  73.44   69.00  74.92   70.50  76.39   71.50  77.86   72.50  79.82
0.7   66.00  72.04   66.00  73.51   69.00  74.99   71.50  76.46   72.00  78.42
0.8   65.00  70.64   66.00  72.11   69.00  73.58   70.50  75.06   72.00  77.02
0.9   65.00  69.24   66.00  70.71   66.00  72.18   69.00  73.65   71.50  75.62
1.0   63.00  68.50   65.00  69.31   66.00  70.78   69.00  72.25   70.50  74.21
1.1   62.00  66.50   65.00  67.56   66.00  69.03   66.00  70.50   70.50  72.46
1.2   62.00  64.50   63.00  65.45   65.00  66.93   66.00  68.40   68.50  70.36
1.4   54.87  58.50   56.34  62.00   57.82  63.00   59.29  65.00   61.25  66.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -7.01          175#   -3.00  1.00          205#   -5.61  3.00
    155#   -30.00  0.00          185#    0.00  1.50          215#   -5.61  3.00
    165#   -15.00  0.00          195#   -1.40  3.00          225#   -5.61  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 203.04 lb carcass, 0.68 inch back-fat,
7.05 square inch loin/2.35 inch loin depth, FFLI: 52.44%

Price Range $71.50 - $76.46
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 96,858

Base Price Range $69.11 - $84.22, Weighted Average $74.14
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,149

Compared to Prior Day's closing weighted average (LM_HG200), 0.63 lower

Price Rng $52.00 - $56.00, Wtd Avg $54.38, 5 Day Rolling Avg $54.50
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,375

*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): 2,524

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

Canada                  350               Colorado                 160
Georgia                 300               Iowa                  71,210
Illinois             14,283               Indiana                4,017
Kansas                2,356               Kentucky                 185
Maryland                341               Michigan               2,255
Minnesota            33,123               Missouri               1,964
North Carolina       10,519               North Dakota             395
Nebraska             12,858               Ohio                   5,469
Oklahoma              3,151               Pennsylvania           3,093
South Dakota          4,484               Tennessee                160
Virginia                 50               Wisconsin              1,047
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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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