Western Cornbelt Daily Direct Hogs Afternoon
LM_HG212
Des Moines, Iowa                Wed, May 16, 2018               USDA Market News

WESTERN CORNBELT DAILY DIRECT AFTERNOON HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Wednesday, May 16, 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                                4,754      4,754      5,185      6,631
Other Market Formula (Futures/Options)   30,105     30,105     19,122     21,112
Swine or Pork Market Formula             87,697     87,697     91,501     83,974
Other Purchase Arrangement               45,199     45,199     51,687     42,029
Negotiated Formula                            0          0        100         35
Packer Sold (all purchase types)          7,504      7,504      6,798     12,446
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,686

Compared to Prior Day's closing weighted average (LM_HG208), 0.02 higher

Base Price Rng $58.00 - $65.50, Wtd Avg $64.80, 5 Day Rolling Avg $63.72
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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 FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 4,686

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

   145#    -30.00 -11.61        175#   -3.00  1.00          205#    0.00  3.00
   155#    -30.00  -6.45        185#   -0.25  1.50          215#   -0.25  3.00
   165#    -15.00  -3.37        195#    0.00  3.00          225#   -2.25  1.00
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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): 93,337

Base Price Range $60.27 - $69.55, Weighted Average $64.78
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 405

Compared to Prior Day's closing weighted average (LM_HG208), 0.35 lower

Price Rng $45.36 - $52.75, Wtd Avg $48.84, 5 Day Rolling Avg $48.24
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 224

*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): 629

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

Iowa                 98,448               Kansas                 2,682
Minnesota            46,228               Missouri               5,205
Nebraska             16,730               South Dakota          14,128
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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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