Iowa/Minnesota Daily Direct Prior Day Purchased Swine
LM_HG204
Des Moines, Iowa                Fri, Sep 14, 2018               USDA Market News

IOWA/MINNESOTA DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, September 13, 2018

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

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                                3,874           6,866          6,901
  Other Market Formula (Futures/Options)   14,833          19,945         16,791
  Swine or Pork Market Formula             83,428          86,557         86,784
  Other Purchase Arrangement               52,713          38,876         27,691
  Negotiated Formula                          444             502            982
Packer Sold (all purchase types)            8,041           8,311         14,612
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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         3,490    14,833     82,930    52,713         195    154,161
  Base Price         50.75     53.02      51.96     61.23           *      55.14
Packer Sold
  Head Count                                                               7,260
  Base Price                                                               48.97
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 3,490

Compared to Prior Day's closing weighted average (LM_HG204),  1.88 higher

Base Price Rng $45.00 - $53.00, Wtd Avg $50.75, 5 Day Rolling Avg $46.81
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 195

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

Barrows & Gilts (carcass basis): 3,685

*Price not reported due to confidentiality* 5 Day Rolling Avg $--
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           IOWA/MINNESOTA 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#   -27.75-10.00          175#   -3.00 -1.00          205#    0.00  2.00
    155#   -27.75 -9.00          185#   -0.25  2.00          215#   -0.25  2.00
    165#   -15.00 -3.37          195#    0.00  2.00          225#   -2.25  2.00
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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): 87,420

Base Price Range $41.40 - $66.61, Weighted Average $51.72
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 360

*Price not reported due to confidentiality* 5 Day Rolling Avg $31.61
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,030

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

Barrows & Gilts (live basis, 240-320 lbs):  1,390

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

Iowa                118,705             Minnesota             44,628
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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.
** 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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