National Daily Direct Hogs Afternoon
LM_HG203	***RESENDING FOR CORRECTIONS ON WHOLE REPORT***
Des Moines, Iowa                Wed, Oct 10, 2018               USDA Market News

NATIONAL DAILY DIRECT AFTERNOON HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Wednesday, October 10, 2018
(Includes information from 1:30 PM to 1:30 PM.)

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

                                      Estimated     Actual     Actual     Actual
                                          Today      Today   Week Ago   Year Ago
Producer Sold
Negotiated                               12,199     12,199     14,787     20,074
Other Market Formula (Futures/Options)   49,117     49,117    116,092     42,332
Swine or Pork Market Formula            134,065    134,065    132,729    138,182
Other Purchase Arrangement               82,245     82,245     89,731     64,537
Negotiated Formula                        1,344      1,344      2,013      1,743
Packer Sold (all purchase types)         11,299     11,299     10,736     15,005
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 10,846

Compared to Prior Day's closing weighted average (LM_HG200),  0.82 lower

Base Price Rng $59.00 - $64.00, Wtd Avg $62.47, 5 Day Rolling Avg $63.22
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

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

Barrows & Gilts (carcass basis): 10,846

*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   61.50  67.73   62.50  69.06   63.50  70.40   62.00  71.73   62.00  73.50
0.5   59.00  67.73   61.50  69.06   63.50  70.40   62.00  71.73   62.00  73.50
0.6   59.00  66.46   61.00  67.80   62.50  69.13   63.50  70.46   62.00  72.24
0.7   59.00  65.20   59.00  66.53   61.50  67.86   63.50  69.19   62.00  70.97
0.8   58.00  63.93   59.00  65.26   61.00  66.59   62.00  67.92   63.50  69.70
0.9   58.00  62.66   59.00  63.99   59.00  65.32   61.50  66.65   62.00  68.43
1.0   56.00  61.39   58.00  62.72   59.00  64.05   61.00  65.39   62.00  67.16
1.1   55.00  59.81   57.00  61.14   59.00  62.47   59.00  63.80   61.00  65.58
1.2   52.00  57.90   55.00  59.23   57.00  60.57   57.00  61.90   59.00  63.67
1.4   47.00  51.50   50.99  55.00   52.00  56.00   53.65  60.00   55.00  61.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -32.00 -6.34          175#   -4.00  1.00          205#   -5.07  3.00
    155#   -30.00  0.00          185#   -1.00  2.00          215#   -5.07  3.00
    165#   -15.00  0.00          195#   -1.27  3.00          225#   -5.07  2.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 200.41 lb carcass, 0.64 inch back-fat,
7.21 square inch loin/2.40 inch loin depth, FFLI: 53.18%

Price Range $63.50 - $70.46
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 131,720

Base Price Range $61.48 - $74.43, Weighted Average $66.90
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,952

Compared to Prior Day's closing weighted average (LM_HG200), 2.16 lower

Price Rng $42.00 - $50.50, Wtd Avg $47.32, 5 Day Rolling Avg $48.71
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,503

*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): 3,455

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

Alabama                 171               Canada                   512
Georgia                 180               Iowa                 106,525
Illinois             26,509               Indiana               22,471
Kansas                3,561               Kentucky               3,559
Maryland                335               Michigan               9,190
Minnesota            47,355               Missouri               2,534
Mississippi             455               Montana                  451
North Carolina       13,808               North Dakota             180
Nebraska             21,227               New York                 172
Ohio                 15,025               Oklahoma               2,052
Pennsylvania          3,769               South Carolina           170
South Dakota          7,453               Tennessee              1,928
Virginia                120               Wisconsin                557
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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

1500C



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