Western Cornbelt Daily Direct Prior Day Purchased Swine
LM_HG208
Des Moines, Iowa                Fri, Jan 11, 2019               USDA Market News

WESTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, January 10, 2019

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

                                           Actual          Actual         Actual
                                        Prior Day        Week Ago       Year Ago
Producer Sold
  Negotiated                                4,128           4,482          4,909
  Other Market Formula (Futures/Options)   24,638          34,794         27,004
  Swine or Pork Market Formula            100,375          99,235         97,660
  Other Purchase Arrangement               34,366          32,137         36,075
  Negotiated Formula                          732             793            693
Packer Sold (all purchase types)            8,088           9,175         10,420
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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         2,900    24,638     98,126     32,156          0    157,820
  Base Price         51.24     61.02      56.11      60.77          *      57.74
Packer Sold
  Head Count                                                               8,088
  Base Price                                                               53.97
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (carcass basis): 2,900

Compared to Prior Day's closing weighted average (LM_HG208),  0.73 lower

Base Price Rng $47.00 - $53.00, Wtd Avg $51.24, 5 Day Rolling Avg $50.85
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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):  2,900

*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#   -32.00 -9.54          175#   -4.00  1.00          205#    0.00  3.00
    155#   -30.00 -5.30          185#   -1.00  1.50          215#    0.00  3.00
    165#   -15.00 -3.18          195#   -0.50  3.00          225#   -1.59  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): 103,252

Base Price Range $48.38 - $66.06, Weighted Average $55.98
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                   NEGOTIATED PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 824

Compared to Prior Day's closing weighted average (LM_HG208),   0.97 lower

Price Rng $31.50 - $42.00, Wtd Avg $39.08, 5 Day Rolling Avg $38.90
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               NEGOTIATED FORMULA PURCHASE (Including Packer Sold)

Barrows & Gilts (live basis, 240-320 lbs): 722

*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): 1,546

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

Iowa                 97,193             Kansas                 2,602
Minnesota            44,065             Missouri               3,682
Nebraska             17,248             South Dakota           7,537
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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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