USDA AM Daily Direct Hogs                          12/17 12:20
LM_HG202
Des Moines, Iowa                Mon, Dec 17, 2018               USDA Market News

NATIONAL DAILY DIRECT MORNING HOG REPORT
PLANT DELIVERED PURCHASE DATA FOR Monday, December 17, 2018
(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                               10,064      7,538      5,535      8,352
Other Market Formula (Futures/Options)   36,685     34,342     38,764     34,572
Swine or Pork Market Formula            158,141    147,779    149,363    154,993
Other Purchase Arrangement              175,881    166,476    184,417    164,254
Negotiated Formula                        1,233      1,233      1,841      1,956
Packer Sold (all purchase types)         10,427     10,427     10,662     20,322
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 5,694

Compared to Prior Day's closing weighted average (LM_HG200),  0.07 higher

Base Price Rng $41.00 - $47.16, Wtd Avg $46.45, 5 Day Rolling Avg $46.50
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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): 5,694

*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   44.00  50.37   45.50  51.36   46.50  52.35   47.50  53.34   48.00  54.66
0.5   41.00  50.37   44.00  51.36   46.50  52.35   47.00  53.34   48.00  54.66
0.6   41.00  49.42   44.00  50.41   45.50  51.40   46.50  52.39   47.50  53.72
0.7   41.00  48.48   41.00  49.47   44.00  50.46   46.50  51.45   47.00  52.77
0.8   40.00  47.54   41.00  48.53   44.00  49.52   45.00  50.51   46.50  51.83
0.9   40.00  46.59   41.00  47.58   41.00  48.57   44.00  49.57   45.00  50.89
1.0   38.00  45.65   40.00  46.64   41.00  47.63   44.00  48.62   45.00  49.94
1.1   37.00  44.47   40.00  45.46   41.00  46.45   41.00  47.44   44.00  48.76
1.2   37.00  43.06   38.00  44.05   40.00  45.04   40.00  46.03   42.00  47.35
1.4   32.00  36.93   35.00  40.00   35.00  41.00   38.00  43.00   38.00  44.00
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                           CARCASS WEIGHT DIFFERENTIALS

    145#   -30.00 -4.72          175#   -3.00  1.00          205#   -3.77  3.00
    155#   -30.00  0.00          185#   -0.25  1.50          215#   -3.77  3.00
    165#   -15.00  0.00          195#   -0.94  3.00          225#   -3.77  1.00
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                  MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED

5-Day Rolling Average Market Hog: 203.19 lb carcass, 0.66 inch back-fat,
7.17 square inch loin/2.39 inch loin depth, FFLI: 52.82%

Price Range $46.50 - $51.45
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          SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 145,590

Base Price Range $44.17 - $68.12, Weighted Average $54.63
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 1,389

Compared to Prior Day's closing weighted average (LM_HG200), 0.02 higher

Price Rng $32.35 - $43.00, Wtd Avg $37.78, 5 Day Rolling Avg $37.27
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 985

*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): 2,374

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

Delaware                 60               Iowa                 203,836
Illinois             28,858               Indiana               11,607
Kansas                2,675               Kentucky                 682
Michigan              3,936               Minnesota             49,624
Missouri              3,243               Mississippi              552
Montana                 669               North Carolina        20,738
North Dakota            355               Nebraska              18,249
Ohio                  8,580               Oklahoma               2,466
Pennsylvania          1,833               South Dakota           9,510
Wisconsin               314
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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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